South32 Share Discussion Threads

[arja] 08/10/2019 10:54

last divi was 4cents and reduced from previous year . so about 1.6% unless an interim div announced . chartwise it might have done a mini DB for S32 in OZ but trading here at about 5 cents below aussie close which is a little odd. But weak pound and brexit playing a part !

[laptop15] 04/10/2019 06:47

What is the dividend % here guys?

[arja] 02/9/2019 13:13

trading in UK today at about 3 cents above aussie close but partly due to weaker pound
caused by NO DEAL brexit now seeming quite likely sadly . Chart in OZ shows a short term uptrend and now consolidating before next move , hopefully upwards

[scotches] 27/8/2019 10:15

"The annual results from miner South32 yesterday gave us a taste of what the 2018-19 financial year was like for resource companies without exposure to iron ore – in a word tough."

"The company has slashed its final dividend by more than 50% to 2.8 US cents a share (fully franked) for the year, from 6.2 US cents a year ago. The slide in the value of the Aussie dollar will part compensate for the reduction, but nowhere near the 50% slash.

But the buyback has been expanded, which will make up more to the cut for those shareholders interested in a bit of capital management. South32 said $US762 million was returned to shareholders in 2018=19 via dividends and the share buyback

The company said that a “US$140M fully franked dividend and an increase in our capital management program of US$250M to US$1.25B, leaving US$264M expected to be returned by 4 September 2020.” demonstrated its “strong financial position.” "

[scobak] 25/8/2019 21:51

as Trump is still President, did they give a year?

[action] 25/8/2019 19:13

Market turmoil to continue till November CNBC Contributor.

[computercoders] 24/8/2019 11:47

I cut my losses on this first thing Friday morning for a bit of a loss of 6% after seeing the Oz (lack of) performance overnight). You win some you lose some

[arja] 23/8/2019 13:57

today's news from usa might mean almost no chance of that bounce in oz on monday. anyone holding stock might be wise to take out protection or partial protection with a CFD short

[essentialinvestor] 23/8/2019 12:44

Cycle rolling over?.

[arja] 23/8/2019 12:42

you might be right action but sadly I think it might go lower as gapping down . but a bounce before that is possible of course . I have not studied the fundamentals in detail but I think the P/e is now about 20 and much smaller divi speaks volumes

[action] 23/8/2019 11:28

Support around 2.40 AUD. closed at AUD 2.46.

Near to support.

[arja] 23/8/2019 08:44

oz is lead market and the chart shows it could well hit about $2 in time but nothing
goes down in a straight line . So maybe any holder should get out after a bounce but
of course DYOR . results look bad and management seem to have made bad decisions which is not unusual for an aussie mining company even if not a spec stock .

[arja] 23/8/2019 08:35

yes, I rarely do a short but shorted S32 yesterday with CFd and have just closed out
even though I think it will fall a bit more in OZ . But holiday here on monday and would be unable to react to what happens in oz on monday . Now at 1p above aussie close .

[action] 23/8/2019 08:06

Down it goes again.

[deanforester] 22/8/2019 22:54

What comes of so-called returning cash to shareholders by buying your own shares. Better spent on maintaining the dividend.

[arja] 22/8/2019 22:02

wow , you must be a real gambler and hope it pays off in long term .
But it has a clear downtrending chart and I would be surprised if S32 does not
fall further in OZ tonight and OZ is lead market of course . Sometimes S32 can
surprise and I hope it happens tonight .

[computercoders] 22/8/2019 18:54

I've plunged 26 grand in so hopefully it will come good

[scobak] 22/8/2019 18:49

saw the results come in on Bloomberg last night. Graham Kerr was going to be interviewed later on. Never did see the interview. Did anyone else see it?
Nevertheless disappointed but holding at £1.67 b/e.

[action] 22/8/2019 18:29

Hope for the best. May be the commodity cycle is picked. Same story with BHP. bought for divi income.

[computercoders] 22/8/2019 18:00

I actually bought a little tranche here today to see what happens as it seems good value at current price.

[action] 22/8/2019 17:43

And b4 the results management was saying that we had very good year.Do not understand management communication.

[action] 22/8/2019 17:40

What a drop.

[arja] 21/8/2019 12:25

thanks for posting interesting links scotches . I trade S32 here and in OZ in UK winter as oz market opens at 11pm . The morgans link could be useful too

[scotches] 16/8/2019 14:05

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.