Australian (ASX) Stock Market Forum

S32 - South32 Limited

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rcw1 said:
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
Click to expand...
good for me ( since i still need to be carefully aggressive ,) may be sad for the general market

the XJO hovering around 7000 mid reporting season , doesn't look like a good sign to me ( but i hope i am wrong )

am mainly looking for trickles of income from sources with low investment cash risk

the estate i inherited ( the portfolio probably started in the 1970's ) taught me many companies disappear , both household names and minnows , now sure some get swallowed in a take-over , but a take-over is no guarantee of continued income either

and a wad of cash is little value if we have run-away inflation ( for very long )

the key here is investing time-frame if the investor is young even nasty lessons can be a winner in the long run ( called experience )

good luck for the rest of the month ( and beyond )
 
Still looks cheap, even going by its non exceptional years. For the patient S32 has a great project coming on line in later years - Hermosa.
Price seems to be hesitating around the $4.30 level of past failed support.
Company is saying that it expects higher production to balance out higher costs this year.

South32 shares jump as miner sets special dividend on profit boost​

Reuters | August 24, 2022

South32 Ltd flagged a boost in production across its global operations in the current year and pledged to pay a special dividend after annual profit jumped more than fivefold, sending the Australian miner’s shares up 5% on Thursday.
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South32, which was spun off from BHP in 2015, declared a special dividend of 3 cents per share and a final dividend of 14 cents, up from 3.5 cents a year earlier, taking shareholder returns to a record $1.3 billion for fiscal 2022.
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The company forecasts its copper equivalent production to increase 14% in fiscal 2023, and said it has been able to contain cost inflation across its operations through the year.
The miner has also resolved to further expand its capital management programme by $156 million to $2.3 billion, leaving $250 million to be returned to shareholders by Sept. 1, 2023.
Western sanctions on Russia over the invasion of Ukraine have squeezed an already-tight supply of commodities such as coking coal, pushing up prices of materials that South32 mines.
That helped the company overcome the hit from a labour shortage and torrential rains in the key producing area of New South Wales that had also impacted the operations of BHP Group and Rio Tinto.
“We are well-positioned to navigate the current economic uncertainty … while our ongoing focus on cost management and an expected 14% increase in production will mitigate industry-wide cost inflation,” said Chief Executive Officer Graham Kerr.

Shares of the Australian diversified miner scaled to their highest level since June 16.
“The company has provided very positive forward guidance with commentary from the CEO suggesting that the company is well-positioned to navigate the current economic uncertainty,” CMC Markets analyst Azeem Sheriff said.
“The company has a very strong net cash position of $538 million for additional capital expenditure and also expects group production to rise in FY23, which will mitigate any inflation headwinds reducing any material effects on their future expenses,” Sheriff said.

The company provided a capital expenditure forecast of $1.2 billion for fiscal 2023.
The world’s biggest producer of manganese said its underlying earnings for the year ended June 30 rose to $2.60 billion, from $489 million a year ago. The figure came in higher than the $2.55 billion expected by analysts, according to Refinitiv data.

On a statutory basis, the miner posted a profit after tax of $2.67 billion, versus a loss of $195 million last year.
Currently, South32 is in pay-related negotiations with its Appin coal mine workers following their threat to stage a partial strike for a week, the miner said on Wednesday.
www.mining.com

South32 shares jump as miner sets special dividend on profit boost

The world's biggest producer of manganese said its underlying earnings for the year ended June 30 came in at $2.6 billion, compared with $489 million a year ago.
www.mining.com www.mining.com

Daily
big - 2022-08-26T111957.940.gif
 
FWIW. Just checked my holding and appears that there's still no DRP available. Oh well, the cash divvy will be put to good use.
Caviar anyone?
Oh, and none of that northern hemisphere stuff either, gimme Yarra Valley goodness! So good on oysters au naturel, yummo...
 
Undecided about the immediate direction of the chart but scratched the itch and bid for a 1,000 more @ 4.26.
I have only browsed the results announcements so don't really know what I'm doing.
When you look past the the exceptional fy22 at past years, while it is still good value imo, it is not extremely cheap - I think a ROE of 10% and a book multiple of x2 is fair enough and conservative to work on but just my method. They do seem to be guiding to a strong fy23 also. The upcoming 20c dividend is attractive.

5 minute chart
big - 2022-08-26T131522.581.gif
 
BHP at 35 is in the bag for sure in the next 6 months!
I'll give 80% chance of 29!
Why? Think about how much IO and copper has gone into this unprecedented waist.
The only positive is that the buildings are all so badly constructed with corner cutting everywhere it will all have to be done again in 70 years or so....Unfortunately that's not going to help the short, medium or even longer term cycle!
 
finicky said:
Undecided about the immediate direction of the chart but scratched the itch and bid for a 1,000 more @ 4.26.
I have only browsed the results announcements so don't really know what I'm doing.
When you look past the the exceptional fy22 at past years, while it is still good value imo, it is not extremely cheap - I think a ROE of 10% and a book multiple of x2 is fair enough and conservative to work on but just my method. They do seem to be guiding to a strong fy23 also. The upcoming 20c dividend is attractive.
Click to expand...
G'day @finicky - With the S32 SP and the broader market being down today, curious to know, was your order filled or amended?
All good if you don't provide/offer an answer. :xyxthumbs

Screen pic taken about 10mins ago.

S32-29Aug2022-14.20hr.JPG
 
D
Craton said:
With the bear lurking, I'd say that may be indicative of most stocks.
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Don't take me wrong, i like s32 and will reenter, but now is not the time farrrrr from it.
Give me a 25% crash and i will be reinvested 25% of cash. Then 50% fall and second half of cash ,rest at 75% down from top if we reach that level
I will start reinvesting with commodities, Energy, food
And i keep some pm producers...
 

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