South32 Share Discussion Threads

[scotches] 27/5/2022 15:36

hTTps://www.fool.com.au/2022/05/27/broker-names-2-of-the-best-asx-resources-shares-to-buy-now/ Another ASX resources share that Morgans is positive on is South32. It is a fan of the way the mining giant has transformed its operations to green metals. As well as boosting its ESG credentials, the broker feels it has improved the quality of the company’s earnings. Morgans has an add rating and $6.10 price target (EDIT: £3.50) on South32’s shares. It is also expecting big fully franked dividends per share of 26 cents in FY 2022 and 36 cents in FY 2023. With the South32 share price currently fetching $4.71, this will mean yields of 5.5% and 7.6%, respectively. The broker said: S32 has transformed its portfolio divesting South African thermal coal and acquiring an interest in Chile copper, substantially boosting group earnings quality, as well as S32’s risk and ESG profile. Unlike its peers amongst ASX-listed large-cap miners, S32 is not exposed to iron ore. Instead offering a highly diversified portfolio of base metals and metallurgical coal (with most of these metals enjoying solid price strength). We see attractive long-term value potential in S32 from de-risking of its growth portfolio, the potential for further portfolio changes, and an earnings-linked dividend policy.

[arja] 24/4/2022 20:28

but hit hard in last few days and likely to slip more tonight in OZ after US indices tanked again. $4.60 is chart support level in OZ and might get close to that before rebounding hopefully .

[nobbyx] 14/4/2022 13:36

Thanks for posting this, scotches. I posted earlier (April 1st) that I couldn't resist selling my position in S32 when the share price climbed to just over £3. I tend to sell out too soon and would not be at all surprised if this turned out to again be the case here. However, I made over 130% on the deal, and nothing wrong with that. The clinching factor in the 'sell' decision was S37's low yield. Interesting to see this is looked at in your posted item.

[scotches] 14/4/2022 11:48

"Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms or supports one's prior beliefs or values." Broker MacQuarrie are providing all of that for S32 with a forecast of 7 dollars OZ = £3.97. "In a recent note, the broker raised its price target by 32% to $7 per share. It noted South is set to produce mammoth free cash flow yields on the back of record commodity prices." hTTps://www.fool.com.au/2022/03/23/macquarie-tips-40-upside-for-the-south32-asxs32-share-price/

[arja] 08/4/2022 13:53

a weird today as S32 here is now well ahead of closing price in OZ ! It does sometimes trade a bit over OZ close lately but not by as much as this . It is now $5.22 equivalent and closed at $5.02 in oz after closing auction and $5 before auction. So I will now short it and hope to cash in before the close today :) . a very good risk/reward ratio although it could come unstuck. Nice weekend all .

[carpingtris] 05/4/2022 21:01

Ok thanks :) Fingers crossed moving forwards.

[arja] 05/4/2022 20:09

carpingtris, no overhead resistance in charting parlance . But gad a bad day on tuesday and hoping it bounces 6 or 7 cents in OZ tonight although US markets had a bad day .

[nobbyx] 01/4/2022 16:02

Been holding since it was spun out of BHP and have been accumulating on the cheap since. A great share! But it's a low yielder and since my average price was £1.29 I just couldn't resist the £3.025 on offer, so took my profits. If past form is anything to go by it will no doubt hit £4 fairly soon. Good luck to all!

[carpingtris] 01/4/2022 15:58

NOR situation?

[arja] 01/4/2022 15:48

should be a NOR situation after monday trading in OZ and mining stocks are all the rage . Enjoy the ride folks and a pity IG charges 0.35% commission with CFD on ths one dam them . So I usually trade it on aussie market . nice weekend all

[johnwise] 21/3/2022 09:06

Bought into this £1.51 24/8/21 after Blackrock buy & good results..Still Holding https://uk.advfn.com/news/share/LSE%3AS32

[arja] 11/3/2022 15:55

nice recovery today following on from S32 in OZ and went about 12 cents ahead of aussie close earlier on - fallen back sadly ./

[arja] 09/3/2022 08:34

looks like the party is over for S32 for time being and share price usually drops more than tbe dividend when it goes ex div tomorrow not helped by the big 30% USA withholding tax ! The share price normally drops at double the rate of the dividend on aussie market and UK follows aussie price of course - quite irritating .

[scotches] 05/3/2022 13:07

hTTps://www.spglobal.com/commodity-insights/en/market-insights/latest-news/metals/030122-aluminum-nickel-lead-metals-rally-as-market-seeks-clarity-on-swift-rules-for-russia Aluminum and nickel continue to lead the metals price rally... South32 Ltd is a globally diversified mining and metals company producing bauxite, alumina, aluminium, metallurgical coal, manganese, nickel, silver, lead and zinc in Australia, Southern Africa and South America. www.fool.com.au/2022/03/05/these-were-the-best-performing-asx-200-shares-last-week-60/ The South32 share price was on form and charged 11.9% higher over the period. Once again, this appears to have been driven by rising commodity prices. The aluminium price charged higher last week along with a number of other commodities that South32 has exposure to. In addition, last week Goldman Sachs retained its conviction buy rating and lifted its price target to $5.60. The South32 share price ended the week at $5.17.

[arja] 14/2/2022 22:25

thanks Dean . Must be because main listing in OZ and no share register here . Still uptrending in OZ but might dip today with market knocked by the Ukrainian situation- wish someone would bump off the mafia thug, Putin !

[deanforester] 10/2/2022 23:56

No, you do not pay stamp duty. I have just checked my last contract note when I bought S32, and only commission was paid.

[arja] 10/2/2022 15:55

can anyone tell me if they pay stamp duty when buying S32 shares ? I suspect it has to be paid as there is a UK register .

[arja] 10/2/2022 10:00

trading here today again at well above aussie closing price of 233p equivalent but surely must retreat later unlee US indices take off again .

[scotches] 09/2/2022 10:50

Commodity shares offer anti-inflation protection. www.fool.com.au/2022/02/08/why-is-the-south32-asxs32-share-price-surging-to-all-time-highs-today/ Already at an all-time high the most bullish projections suggest further 25% upside here. "On Credit Suisse’s numbers, the South32 share price is valued at 8x FY22’s estimated earnings with a projected grossed-up dividend yield of 7.25%."

[arja] 01/2/2022 09:16

S32 in UK still doing it's own thing and trading well above aussie close ! hard to know why but it really is dependant on what happens in OZ I still think . might be a good day short at 205 level !

[arja] 26/1/2022 08:40

S32 roaring today and punters here must expect a really big move for S32 in OZon thursdau . Hope they are right as I bought in closing auction on monday as appeaared oversold ! :)

[johnwise] 24/1/2022 08:14

Bought 24/8/21 £1.51...sold today https://uk.advfn.com/p.php?pid=quote&;symbol=L%5ES32

[arja] 12/1/2022 11:02

amazing that in last 2 days S32 in UK has become lead market and at the moment trading at 222 and well above closing OZ price of 216.4 . Similar situation yesterday and I can not figure out why . nice looking chart and more to go I reckon

[arja] 12/11/2021 08:13

great opportunityu at opening today if you had a quick trigger finger . closed in oZ t 193.7 and UK should trade in line with that.

[glavey] 10/11/2021 12:12

Nah, too rich for me, wait for the big crash.