Australian (ASX) Stock Market Forum

S32 - South32 Limited

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Post #45 has the longer term chart, and below you will see that S32 has hit another record high today:
1646016726332.png

Russia is a big player in the metals sector and nickel is one of its major outputs.
If the financial squeeze from Russia's Ukranian fiasco puts the brakes on Norilsk's production then S32 will be a beneficiary.
 
S32 has a price gap from $4.66 to $4.68 which will get filled when it's price comes off the boil some time into the future.
Right now it's riding a lot of commodity price upside so has a lot more upward price momentum to see out:
1646268711293.png


In terms of S32's key minerals output, their current (averaged over past 2 months) price increases over their 2021 second half average prices are:
  • Alumina - about 5% higher, but volatile
  • Aluminium - over 15% higher and rising steadily
  • Coking Coal - about 30% higher but bouncing
  • Manganese - about 10% higher and rising, but unpredictably
  • Nickel - about 10% higher and rising sharply
  • Silver - about the same but price is rising steadily
  • Zinc - about 25% higher and rising firmly
 
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i kept mine and added a few to even up the holding , has been a bit of a puzzler on their way forward .

i was half-expecting them to pick up a mid-tier asset or two as a bolt-on ( say something similar to EVN's spoke and hub strategy )

but i suppose most of the management came out of BHP some i suppose slow and deliberate planning was what i should have anticipated , am not so happy to see the prolonged buy-back of shares , surely they could deploy that cash more effectively
 
I've been tempted recently on 'valuation' grounds but S32 needs to sell at a discount because of some of the toilet bowl countries it operates in.
Also the chart gives me pause because S32 had a ripper of an accelerating rally since March 2020 (1.60 - 5.40) and there might be more to be undone. It has made a weely lower high and lower low and can't see anything to excite on the chart.
 
finicky said:
I've been tempted recently on 'valuation' grounds but S32 needs to sell at a discount because of some of the toilet bowl countries it operates in.
Also the chart gives me pause because S32 had a ripper of an accelerating rally since March 2020 (1.60 - 5.40) and there might be more to be undone. It has made a weely lower high and lower low and can't see anything to excite on the chart.
Click to expand...
i agree about the geopolitical risk ( and the discount needed that would inspire me to buy extra ) , but here i am uncomfortably exposed to Queensland , and would suggest geopolitical risk might rise in other areas ( like say Canada )

politics might easily condemn us to a spiral to the bottom ( especially indebted nations who would see miners as a pile of money to be plundered )
 
Gapped down again today and finished on its low. Wasn't alone of course - BHP, WDS.
Target down to around $3 wouldn't surprise me, despite oversold daily momentum indicators and apparent value.

Held

Daily
big - 2022-07-06T171414.033.gif
 
finicky said:
Gapped down again today and finished on its low. Wasn't alone of course - BHP, WDS.
Target down to around $3 wouldn't surprise me, despite oversold daily momentum indicators and apparent value.

Held

Daily
View attachment 143743
Click to expand...

I'm not sure TA works in this environment. So much panic. I'm taking a punt on longer term fundamentals.
 
Good morning,
Been reported today, South32 abandons $US700m extension of its Illawarra metallurgical coal operations. The company has been quoted saying the work to prolong the life of its Dendrobium underground mine does not make financial sense. Moreover, it intends to work on ways to extend the life of its other Illawarra underground mine, Appin, until 2039.

rcw1 holding.

Have a very nice day, today.

Kind regards
Rcw
 
There's some massive improvements YoY here. Probably why it ran so hard from $3 to over $5 before correcting.

Has started to recover well after that sell-off in June and bouncing off the $3.40 low.

Not sure if we've just had a bear market rally though. Still cautious.

But, they're developing quite a pot of cash there. Have to do something with it.

Screen Shot 2022-08-25 at 9.07.30 am.png

Screen Shot 2022-08-25 at 9.10.00 am.png
 
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Good morning
Some announcements today (25/08/22)


The Board has resolved to pay a final dividend of US 14.0 cents per share (fully-franked) for the year ended 30 June 2022, and a special dividend of US 3.0 cents per share (fully-franked).
The record date for determining entitlements to dividends is 16 September 2022; payment date is 13 October 2022.

Have a very nice day, today.
Edit remove link didn’t work :)

Kind regards
rcw1
 
rcw1 said:
Good morning
Some announcements today (25/08/22)


The Board has resolved to pay a final dividend of US 14.0 cents per share (fully-franked) for the year ended 30 June 2022, and a special dividend of US 3.0 cents per share (fully-franked).
The record date for determining entitlements to dividends is 16 September 2022; payment date is 13 October 2022.

Have a very nice day, today.
Edit remove link didn’t work :)

Kind regards
rcw1
Click to expand...
that sounds pretty yummy ( even if they were in $AUS ) to me , as my av. price is a whisker under $1 , after that nice divestment by BHP and i added a few later in a dip , S32 has been a nice addition to the portfolio

i am guessing their coal exposure was a big help in the profits , which probably means smaller divs in coming years
 
divs4ever said:
that sounds pretty yummy ( even if they were in $AUS ) to me , as my av. price is a whisker under $1 , after that nice divestment by BHP and i added a few later in a dip , S32 has been a nice addition to the portfolio

i am guessing their coal exposure was a big help in the profits , which probably means smaller divs in coming years
Click to expand...
Nice ? one divs4ever
rcw1 fast trades this stock. Butttt certainly has great merit attached to one’s portfolio, subjected to own due diligence :)

Kind regards
rcw1
 
divs4ever said:
that sounds pretty yummy ( even if they were in $AUS ) to me , as my av. price is a whisker under $1 , after that nice divestment by BHP and i added a few later in a dip , S32 has been a nice addition to the portfolio

i am guessing their coal exposure was a big help in the profits , which probably means smaller divs in coming years
Click to expand...
nope ! got it wrong they fumbled coal

i guess they will have to do better in the coming year
 
i was hoping they would be a little more adventurous than BHP ( they aren't compelled to chase world class assets )

sort of an established player with growth potential

lucky for me i took TWO stabs at that strategy .. the other was MIN ( av. SP $13.92 and the investment cash rescued , thanks MIN management , you are a winner in my book )
 
divs4ever said:
i was hoping they would be a little more adventurous than BHP ( they aren't compelled to chase world class assets )

sort of an established player with growth potential

lucky for me i took TWO stabs at that strategy .. the other was MIN ( av. SP $13.92 and the investment cash rescued , thanks MIN management , you are a winner in my book )
Click to expand...
Dabbled in BHP but not MIN. Coulddda Woulddda buttttt Shouldda... ha ha ha ha Never mind, cannot win em all, all the time as much as we try.
 
rcw1 said:
Dabbled in BHP but not MIN. Coulddda Woulddda buttttt Shouldda... ha ha ha ha Never mind, cannot win em all, all the time as much as we try.
Click to expand...
i normally dabble and nibble rather than 'back up a truck ' ( or even bring a suitcase )

and am willing to go back for more if i see a good opportunity ( to top up )



and so have ( mostly ) small holdings in many companies

sure i only win small and medium ( in $values ) but i also avoid crippling losses if a large company implodes ( Arrium could have been NASTY if i hadn't been taking small gains off the table , for example )

and YES brokerage is a big chunk of my costs , but that was my choice
 
divs4ever said:
i normally dabble and nibble rather than 'back up a truck ' ( or even bring a suitcase )

and am willing to go back for more if i see a good opportunity ( to top up )



and so have ( mostly ) small holdings in many companies

sure i only win small and medium ( in $values ) but i also avoid crippling losses if a large company implodes ( Arrium could have been NASTY if i hadn't been taking small gains off the table , for example )

and YES brokerage is a big chunk of my costs , but that was my choice
Click to expand...
Good evening divs4ever,
Small and mediums wins accumulatively make for bigger gains and increased confidence. Excellent methodology.
rcw1 has large holdings, however mitigates risk by converting paper money into fiat money expeditiously.
Have a good day tomorrow.

Kind regards
rcw1
 

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