South32 Share Discussion Threads

[anley2] 23/11/2015 10:37

Always good to see directors buying at todays prices.......well done.

My son has just returned from OZ and tells me that optermistic noises are being made about growth in China picking up again. It is always difficult to get good information but as I have said in the past world trade carries on and metals etc will always be needed so I will try and buy at a lower level and then look for more undervalued and well managed businesses with good cash flow.

[gateside] 19/11/2015 08:15

S32 looking a lot better this morning.AGM announcement from BLT probably helping the share price here today.

[anley2] 18/11/2015 12:50

I have bought twice today based on the following:

1 South32 to distribute a MIN of 40%of underlying earnings as dividends every 6 months

2 Debt now down to $196 v $402 and could still be falling

3 Capex and running costs under control and could be reduced even further

5 Schroders bought about 5% at the end of October for various investment funds

The share price having dropped by 50% (110p) since the demerger and the shares now have a yield based on the distribution policy I have bought to average down again.

Once the commodities market starts to change and this share gets noticed I can see it jumping upwards.....but then I am a bullish person but based on good matrics.

That is how I see it today.......

[anley2] 18/11/2015 09:23

I too am unable to get enthused at the moment but will buy more in a moment.

[gateside] 18/11/2015 08:55

South32 defends share price slump

hxxp://www.smh.com.au/business/mining-and-resources/south32-defends-share-price-slump-20151118-gl1wl0.html

[gateside] 18/11/2015 08:54

AGM presentation didn't add much extra information.

Think its a case of having to wait for the whole commodities sector to turn around and come back in favour.

[gateside] 16/11/2015 21:03

Been watching this drift down from over 100p since i got my shares from BLT. Added today at 59p
Let's see what Wednesday brings.

[anley2] 16/11/2015 17:18

WED.............AGM for BPH and S32.......they are forced to tell us what they think is happening with world growth and how the new normal growth of 3% is affecting production targets as growth goes from East back to the West.

There is a great deal of debate going on within fund managers offices as to where the bottom of the commodities market is so Thursday is a very import date for everyone.

That is how I see it for the moment..............

[gateside] 14/11/2015 11:55

The steady price fall from 108p has pretty much mirrored the fall of BLT.

This is just not on investor's radar. Maybe the AGM will raise the profile of the company.

As mining companies go, looks pretty safe. Low levels of debt.

When commodities come back in fashion, I reckon this could prove to be a wise investment.

[anley2] 14/11/2015 09:35

I have been filling my boots as the price falls using Pound Cost Averaging. The price has to go down 2p then an order is excuted.

Rothschild's phrase of buying when their is blood on the street is one that the Commodities market is all about. The way the press comments one would think that the industrial world was about to end but then many if not most of the press are so young they can not remember what was going on in the 2000 bear market!!

If mining is to stop then the ore just gets more valuable when inflation starts again and with interest rises sometime in 2016 you can bet your money inflation will jump up to levels last seen a decade or two ago.

I was a director in a house building company in 1970's and all we did was to buy lorry loads of London Bricks and store them in a field. When we came to use them in 1975/6 they had doubled and so had the value of houses...........this could happen again if mines close and oil fields shut...............

[dazah] 13/11/2015 16:10

Now today the price to book is even lower at 0.3!

Fill yer boots I would say!

[anley2] 13/11/2015 13:43

DAVE444......what does that word (above) mean please?

[dazah] 13/11/2015 13:19

Crazy crazy crazy!

I wish the sites would update the price to book measure dynamically. Looking at the last accounts total assets including modest intangibles amounts to $15b and as of last night the market cap is $5.5b US dollars.

Thats a price to book of 0.33 which is incredibly cheap especially give our low debt.

So next time when motley fool bunch say they think south32 is not cheap enough then clearly they need to go back to finance school.

[anley2] 13/11/2015 11:41

Still £ cost averaging as South becomes a suitable take-over target at these prices...........the rest of the mining sector is now so shot to pieces that no one seems to know what to do.

With India set to overtake China and the rest of world still making things its not as if the world does not need metals and minerals. All that is going on is a rebalancing of supply and demand with the best management teams being the eventual winners.......and with little or no debt and good cash flow like S32.

[anley2] 12/11/2015 10:28

I have managed to get back in again this morning.........but the news for BHP is not the best...........

[big7ime] 10/11/2015 18:55

Time to load up again here and Anto, with copper at low since last crash and has few friends but for the brave! Copper shortage in 2016 so big bucks to be made...

[gateside] 09/11/2015 15:31

You must have a very clever basset hound! ;-)

I agree the article did not say much, but then there seems to be very little written about S32 at the moment. It is certainly under the radar isn't it?

Yes AGM on the 18th Nov - the same day as BLT's AGM.

I'm still hanging onto my shares that I got from my BLT holding and feel that this is looking like a good buy at these low levels. Tempted to add a good number of shares before the AGM. Once the upturn in commodities comes, this could do better than most. DYOR though.

[anley2] 09/11/2015 15:19

My Basset Hound could have written the Motley Fool article but thanks for posting it.

The article says nothing new and in fact at the current rate of production and sales the debt could nearly have been paid off in my estimation. Why these people do not do their research I will never know!!!!

I made capital on this when it went down and was lucky to sell on a bounce. But then I decided I would £ cost average which I am doing down to 65p or even lower because this company is in such a good position to sell its minerals once the industry has stablised. Investors have to realise that there is a break-even price for all commodities and if prices come down much more there will be no stocks left to sell......then what!!.....up goes the price and then panic and inflation starts all over again...........are we getting near the bottom??

I keep an eye on Glen as it destocks as well as others in the world wide metals industries and as I am an investor I will sit until I see a good return on my capital.

S32 holds its AGM on 18 November so there will be more news to come from that session.

[gateside] 09/11/2015 14:58

3 reasons to stick with your South32 shares…

Commodity prices at multi-year lows

Cost out efficiency drive

Undemanding multiple

[anley2] 30/10/2015 09:59

Yes it is but with the sector shot to peices not alot of punters are about.

Still waiting for it to fall a few pence so I can get back in for the short to medium term.............

[dunns_river_falls] 22/10/2015 09:10

Paid off a big chunk of the debt. This looks like a well run and focussed company

[anley2] 21/10/2015 10:52

I am back in the stock............

[anley2] 14/10/2015 10:08

So it looks as in the case of S32 that the price should fall..........am I right?

Thanks.........