South32 Share Discussion Threads

[scotches] 16/8/2019 13:05

Fool articles on UK stocks are not always the best source of carefully researched analysis. However in the absence of anything else the OZ version had a couple of mentions recently.

Full year earnings 2019 are scheduled for release on Aug 22.

[arja] 14/8/2019 21:17

thought it might have bottomed out at 2.73 but not so sure with US markets crashing on recession fears

[action] 07/8/2019 11:27

Hi Arja.You are correct. In Au 2.63 support

[arja] 06/8/2019 21:00

chart for this stock in UK is irrelevant as OZ is lead market . might rally a bit in OZ tonight after hitting 275 chart support but seems to be heading for next chart
support level at 250 .

[action] 06/8/2019 09:49

Chatting support around 149p

[scobak] 06/8/2019 08:27

Are we in bargain territory. These are looking cheap - am I missing something?

[arja] 22/7/2019 12:36

seems to have turned around in OZ and might run to 325 resistamce from 309 close on monday .

[arja] 12/7/2019 16:16

not really as need oz chart to show a clear bottoming process and most mining stocks
are for trading and not as an investment unless prepared to cut a loss quickly if it starts going the wrong way .

[scotches] 12/7/2019 15:26

Or how about S32 as an actual investment to be held and take divis - and a chance to buy/top up at lower end of a two year range.

As mentioned above it also gets a bit of diversification away from UK brexit chaos.

[arja] 12/7/2019 11:55

occasionally I get it right scobak ! ( smile ) . After the expected slight dip in OZ today , I note S32 here trading at a discount of about 1.9p to OZ closing price but
this algorythmic trading drives me mad as hard to trade against a computer ! Am tempted to buy a few at the moment using a CFD but not confident of a good finish
towards the close . No certainty that S32 has hit bottom in OZ . have a good weekend and enjoy the tennis .

[scobak] 11/7/2019 10:11

Arja,
You have your finger on the pulse. As of 30 mins ago up 5 pence.

[arja] 10/7/2019 21:55

I think some results due in a weeks time . With commodity prices improving today, I think S32 in OZ will bounce tonight and maybe put on about 8 cents !

[shalder] 10/7/2019 19:57

Final results due 22 Aug

[scobak] 10/7/2019 17:33

Well now, price has become much more reasonable. If it drops a little more then I may begin to have a sniff at them.

[arja] 10/7/2019 11:40

yes and might be one reason why S32 in oZ falling steadily and more doenside stil I suspect . A classic short in last week

[scotches] 05/7/2019 08:00

Have the buybacks stopped.

I thought they announced they would continue till September.

[betman] 20/6/2019 11:35

S32 is underperforming vs other Miners RIO, BHP, AAL and GLEN. Is there a genuine reason for this ?
Edit maybe not against GLEN with their legal issues ??

[action] 20/6/2019 07:39

Support around 166p short term 158p long term bearish trend still.

[arja] 10/6/2019 22:21

sounds a good stratefgy Lord Gnome and usually smart to hedge to some extent .
I mainly trade nowadays using CFDs and a cfd short is also useful as a kind of hedge to lock in profit when a stock price seems to be in overbought territory if CFD provider allows a short in relevant stock. Good luck and I have a small core holding in S32 and hoping for that rally tonight when aussie market opens in 2 hours . Indictive price down 2 at the moment and I am about to hit the sack !

[lord gnome] 10/6/2019 20:37

Part of my strategy to hedge against Brexit turmoil, arja. I am shifting funds into 'Brexit-proof' stocks where possible. Any deal will float all boats in the short term and buy me time to change the portfolio again - at least, that's the theory.

[arja] 10/6/2019 20:31

yes, might be a good move but always pays to remember that the lead market for this stock is the ASX . Seemed to turn in OZ on friday ( monday was a public holiday) on decent volume and could well bounce to about 330 tonight in OZ from the 324 close .
Fx movements affect the UK price of course and a brexit resolution or hopefully a 2nd referendum would affect cable and hence the GBP/AUD exchange rate to detriment fo UK holders - so be wary of this .

[lord gnome] 10/6/2019 05:34

Bought into S32 last week @177. Bottom of trading range with the share price depressed and offering a decent forward yield. Happy to hold until it gets back to 220 and will then reassess.

[lukmanpatel] 10/6/2019 05:10

Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo