South32 Share Discussion Threads

[carpingtris] 19/10/2021 09:52

can't go up in a straight line forever - so it's a healthy pullback.

[arja] 19/10/2021 09:12

down in oz on tuesday along with most minng stocks but i expect it to recover on wednesday or later in week hopefully

[arja] 14/10/2021 07:40

big copper deal was the trigger today and opened at 401 in oz before retreating to close at 207.5p equiv here . might well be more in it on friday in OZ

[carpingtris] 12/10/2021 08:06

I'm thinking the price of Aluminium is having a big bearing on this... so if that's continues going up this might too?

[arja] 12/10/2021 07:52

still looking good chartwise and had breakout in OZ to 372 before retracing to close at 365 . Need to be wary as results out on 14th October I THINK .

[action] 05/10/2021 09:04

Found it 9th sept 3.5 cent plus special 2 cent.

[action] 05/10/2021 09:02

Arja,Do you know when is ex divi date please. Thanks

[arja] 05/10/2021 07:28

yes , up again in OZ to $3.62 after closing auction after dipping to 3.55 earlier in session - very resilient in a bearish market . not sure how long that can continue but
#S32 looks good chartwise

[scotches] 04/10/2021 18:16

"Credit Suisse reveals that its analysts have retained their outperform rating and lifted their price target on this mining giant’s shares to $4.40. This follows news that South32 has signed an agreement to acquire a further 25% stake in the Mozal aluminium smelter in Mozambique for $250 million. The broker expects this to lead to a notable increase in its aluminium production output. Which is very good news given Credit Suisse’s positive outlook for the metal. The South32 share price is fetching $3.52 on Friday."

[johnwise] 16/9/2021 07:35

16/09/2021 7:31am

South32 Limited Update to Notification of dividend

[arja] 06/9/2021 08:15

AWC has risen even more in % terms and is an alumina stock .

[arja] 06/9/2021 08:09

yes , another up day but more modestly and public holiday in USA today . So S32 in OZ might not do much on tuesday

[scotches] 03/9/2021 19:18

Why the South32 (ASX:S32) share price is breaking out this week to a 14-month high
Booming aluminium prices are driving the South32 share price this week

[arja] 03/9/2021 08:49

Action.
sorry I just noticed your reply as I rarely logon to this inactive thread . thanks for confirmation. S32 really took off in OZ today and might hit $3.50 in near future . greedy IG charge triple commissions on NONE 250 stocks with CFDs and hence I have to use my CMC spreadbet account to trade it

[carpingtris] 30/8/2021 15:00

~+6% up in OZ - will this translate to the UK share price on Tues?

[deanforester] 19/8/2021 08:54

Decent results so the price naturally falls.

[action] 28/5/2021 08:11

I do not pay stamp duty for S32 in UK.

[arja] 28/5/2021 00:59

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 07:59

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.



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.





"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.