South32 Share Discussion Threads

[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.

[arja] 02/3/2020 13:32

my pleasure action . If you hold stocks , might be worth having a CFD account or spreadbet account to short a stock you hold as a kind of hedge until you are confident of direction and then close out . S32 is s funny stock as trading in UK today at a lower level than aussie closing price again and I had a stroke of luck today when my trigger finger worked quickly enough to buy modest holding at 110.66 in opening auction. I then sold at about 114 but it hit over 115 . retreated since of course to 111.10 at present and if the dow does recover later it might well help S32 . US markets are up and down like a yoyo but downtrending chart . good luck

[action] 01/3/2020 15:40

Many thanks Arja for your input. Do not have Cfd ac to short.

[arja] 28/2/2020 15:37

not at present Action . best thing to do is short stocks or a mire safe practice is to short indices stocks such as MIDD ( FTSE 250 ) or ISF and an investment trust . S32 at 108p is trading at 9 cents below close in OZ where S32 held up well as other mining stocks were hammered . can not see lightening striking twice sadly .

[action] 28/2/2020 14:46

Thanks Arja.Thinking of switching from here to another mining stocks. Any preference?

[arja] 27/2/2020 15:06

hi Action,
be careful as the dow is tumbling again and S32 in oz could well dip another 10 or even more . Hence might well see S32 trading at about 205 tomorrow but if course DYOR as eventually it will bounce if better news on corona .

[arja] 27/2/2020 09:04

oh, dow futures rallying in last hour or so and no doubt the other US indices but not helping the FTSE much as yet. Suspicious abounds as every mini rally seems to come up against a wave of selling and the big players opening new shorts.

[arja] 27/2/2020 09:01

to be honest I have been shorting here in recent days as this coronavirus means that almost every stock has a short term bearish chart and especially the mining stocks and stocks like CCL and the airline stocks . OZ is always lead market and only down 2 there after the early rally to 230 . possible chart support is about 200 but normally nothing goes down in a straight line and I wonder of markets might have a bounce very soon . dangerous to hold any stock at present with a pandemic a possibility . Let's hope it can be contained and they get on top of it .

[action] 26/2/2020 09:44

One of my worse performing stck.No support anywhere. Goes down even in up market. Any views Arja?

[laptop15] 15/10/2019 09:59

What's the news flow here guys??