South32 Share Discussion Threads

[action] 28/5/2021 09:11

I do not pay stamp duty for S32 in UK.

[arja] 28/5/2021 01:59

anyone know if stamp duty is payable when buying this share please ? taken off today in OZ and will be reflected in UK price on friday

[scotches] 16/4/2021 08:59

Big write-up in IC on S32 by FT mining correspondent Alex Hamer. Getting rid of the company's coal assets is seen as positive. Aluminium at 1/3rd of revenue is at a 3 year high. hTTps://www.investorschronicle.co.uk/ideas/2021/04/15/south32-going-north/ Intro "Paying to get assets off your books does not usually generate investors' excitement. But diversified miner South32 (S32) saw its share price keep moving upwards after it announced in early April that it would get rid of its South African coal mines by handing the buyer, Seriti Resources, $200m (£145m) as well as a $50m loan." Summary "Why buy a second-tier miner when the biggest companies in the sector are doing so well? Building a portfolio is about spreading risk. South32 looks cheap valued on earnings and offers exposure to the broader industrial strength story, with a different suite of metals to the majors and less governance risk than Glencore (GLEN), which also has zinc and nickel. Rio Tinto (RIO) mines aluminium but relies on iron ore for its earnings. South32 without the South African coal assets is a better group and will have more cash to throw around once this deal is done, despite having to fork over $200m to Seriti. Buy."

[arja] 05/2/2021 16:27

friday and really hit in oz whicb is lead market - hopefully not more downside on monday but could be . chart was looking good until that news !!

[arja] 05/2/2021 16:25

but bad news came out on

[stavros28] 05/2/2021 14:29

Very good set of results more upside to come leaves Glencore in its wake ! Stavros

[scotches] 02/2/2021 10:13

S32 getting a mini price rally on last couple of days from the Reddit/Gamestop private "investors" moving on to silver. It is not clear who exactly is prompting silver's move other than speculative bubbles seem to be the flavour of the last few weeks. hTTps://edition.cnn.com/2021/01/31/investing/silver-price-squeeze-reddit-wallstreetbets/index.html hTTps://www.south32.net/our-business/silver "Our Cannington mine in Australia has grown to become the world’s largest and lowest cost producer of silver. Here we produce six per cent of the world’s silver."

[action] 24/12/2020 19:31

Seriti-South 32 coal deal got south African regulatory approval and deal will complete in March21 qtr.

[arja] 04/12/2020 09:13

now the chart for S32 in oz ( lead market) shows a nice short term uptrend and more in it I think .nice weekend all.

[scotches] 28/11/2020 10:31

Just in case it looked as if S32 had died in March as a result of the virus the share price has woken up a bit recently. This October report suggests a positive 1st Quarter and a resumption of share buybacks (which may account for share price moving forward). stocklight.com/stocks/au/materials/asx-s32/south32 "Its US$1.43 billion capital management program is 92% complete with US$121 million remaining to be returned to shareholders. South32's CEO, Graham Kerr, was very pleased with the quarter, particularly given the challenges it faces from operating in the current environment. He commented: “Despite the health crisis, we have maintained annual production guidance at all operations. We delivered a 19 per cent increase in manganese ore production and a 22 per cent increase in metallurgical coal production.” “With another quarter of strong operating performance behind us and the further strengthening of our financial position, we have lifted the suspension of our on-market share buy-back. Our capital management program has US$121 million remaining and recommencing our buy-back will deliver immediate value to our shareholders,” Mr Kerr concluded."

[arja] 27/3/2020 07:37

Action, sorry I have not been on this thread since your question. actually I am not sure but oz cchart suggests it was about 97 cents on opening and depends what eschange rate was then . quite a reversal in most aussie mining stocks in OZ today and will be reflected in S32 price here in UK today . Scary times with this corona virus and I suspect the dow futures might have had it's bounce after 3 strong days

[action] 17/3/2020 14:16

MM Must have got lot of mining stock exposure. The one should go down is high .

[action] 16/3/2020 11:17

Arja,This will be 70p I.e initial price when separated from BHP.correct me if the initial price pls.

[arja] 11/3/2020 13:17

has adverse effect on UK price . Big rally in OZ on tuesday but partly extinguished today .

[arja] 11/3/2020 13:16

not really as he is probably just looking at the chart . However , the chart in OZ is more relevant as OZ is lead market and UK price subject to currency movements and stronger pound in recent months hasd adver

[preciousm] 11/3/2020 12:46

What a pointless post

[action] 09/3/2020 10:46

This one may go to 70p

[arja] 09/3/2020 09:09

dow futures suspended for a while due to excessive market volatility and opens again at 1.30pm UK time I understand. Wonder if it will plunge further or have a big bounce !

[arja] 09/3/2020 09:05

even the gold miners got hit as gold price fell and especially dual listed RSG which is a real dog and always underperforms

[kickingking] 09/3/2020 02:51

Down 12.5% in Australia, only gold miners up. BHP down 12.5% down

[action] 06/3/2020 11:25

Arja,Many thanks.

[arja] 05/3/2020 08:51

just to add that also possible to do an OTC trade as sometimes advantageous

[arja] 05/3/2020 07:57

that is a real pain and I make part of my money by buying in opening auction when I spot an opportunity . Algorythmic trading makes this a bit harder as playing against a computer programme . I have DMA ( direct market access ) with my level 2 CFD accounts with IG markets . Can buy or sell in opening and closing auctions and sometimes get a better closing price in closing auction .

[action] 03/3/2020 09:32

How do you buy in auction as HL only works during market hrs.