South32 Share Discussion Threads

[urgentclick] 08/12/2015 14:13

Hopefully, dealings in the shares are not suddenly suspended where the small investors lose every penny that they invested into the failing company.

[urgentclick] 08/12/2015 14:04

Good luck with your strategy. I hope that it works out OK and that you bounce back into profit. 51p seems like an uncanny average buying price. Most investors in this awful stock will have lost a ton of cash.

[anley2] 08/12/2015 13:29

If I listened to everyones opinion I would never invest but I think you have overlooked some fundementals and that is the world needs metals and minerals and big mines will now take over a decade to come on stream. That leaves the current big mines the only players left and some investors have forgotten this.

I don't want to brag but all my capital has been made over the last 20 years from mining shares both in the UK and Canada so I do no a little about the subject.

S32 is the only mining share I have bought recently (GLEN/BLT/RIO all sold in Q1 this year) and my average price for S32 is 51p so I don't think I am catching a falling knife only trying to buy a big position over a reasonable period of time.

Shall we leave it at that...........?

[urgentclick] 08/12/2015 12:13

They made a mistake calling the company South 32 IMO (or was that a hint?). The share price just goes South to the Antarctic frozen wastelands. It's a loss-making company, so worthless unfortunately. I am happy to have bailed out up at 79p

If you buy on the decline it's called: "catching a falling knife" in investor parlance. Similar to doubling down. Avoid this temptation, cut your losses, and go for greener pastures IMO

[anley2] 08/12/2015 11:36

That is good news - conserve cash and build the balance sheet - its one if not the only miner doing this - so well done.

[deanforester] 08/12/2015 11:19

AAL's update is what has caused this fall. Dividend abandoned for this year and next.

[anley2] 08/12/2015 10:18

Looking at most of the big BB this morning there are all the signs of what I call the final panic where the market forces out most of the waek holders and short term punters.
Anyone would think that the world does not need oil or any type of metal/minerals...BUT it does as the world population grows as will economies.

Bought more this morning - average price now 51p.......

[dazah] 08/12/2015 08:29

What a DISASTER well I'm out, gone into POG can't be doing farting with asx for these!

[dazah] 08/12/2015 01:49

Oh it's okay I'd need to switch to TD Direct who can deal on asx for me. Extra 1.25% fee but I want to hold on to my shares for the long term or takeover

[dazah] 07/12/2015 23:39

I'm assuming we can switch to ADRs or something?

[dazah] 07/12/2015 23:31

Reading on hot copper they are talking of a London delisting. Reminds me of medusa mining!

[anley2] 07/12/2015 13:21

I just can't resist dealing so I am in to start another position at 53.8p.
I will use £/cost averaging...........on every 1p tick down......

Look out for GLEN update on its affairs tomorrow...I think.........and if its reasonable then that may create a spark in the markets.

[anley2] 04/12/2015 17:24

DAZAH.........the problem here is not the management or the portfolio of assets it owns its the market.

As I said in my report the commodities market is just a shambles and who knows how long this will last BUT S32 continues to trade and has lots of cash flow and very little debt so what would you do if you were a seasoned director.......sit on your hands until the storm passes and in the meantime keep trading with caution as well as reducing costs which is what all the big miners are doing.

With what has happened in the markets over the past two days I am holding off for the moment but will buy back my position as soon as I see the storm abating.

[dazah] 04/12/2015 16:25

Silver shoots up and this crock of shiite bombs down. Really? F-ing really?

There was a upgrade earlier then a downgrade and all shell breaks loose.

Management need to pump out something positive as my patience is getting extremely thin!

[anley2] 04/12/2015 10:15

Still the news is not encouraging and now looking at possible 55p level to buy back in.............

[careful] 01/12/2015 13:09

i see India growth will be greater than that of China.
huge combined populations, about 2.6bn,
the commodity super cycle will return.

[dazah] 01/12/2015 13:05

Added more

[gateside] 30/11/2015 13:34

Macquarie reiterated 'outperform' with a target of 85p today

[anley2] 27/11/2015 10:55

I have reviewed my position and in view of what is still uncertainty in the commodities market sold my position for a small profit.

I will continue to hold 1 share in order to keep an eye open for a new re-entry position.

[anley2] 25/11/2015 10:30

Thanks for that............its getting impossible to forecast the end of global metal and mineral demand which is wrapped up with currency movements. So I will gamble and take your advice and hold off buying again on 2p drops using £ cost averaging.

So far it has worked well and am in at 58p..........nevertheless there are still small shareholders selling off but they keep their BPH.

[arja] 24/11/2015 18:25

I still follow this stock but UK price follows OZ which is lead market . The chart there looks really bad and a SOR situation again after tuesday's fall .