S32 - South32 Limited
- Thread starter UMike
- Start date
-
- Tags
- s32 south32 limited
- Joined
- 3 July 2009
- Posts
- 27,053
- Reactions
- 23,592
Then we have the October effect, which usually causes some turmoil.
Good evening
Latest news on S32 management and union wage talks re: Hillside aluminium smelter in KwaZulu-Natal province.
www.miningmx.com
Kind regards
rcw1
Latest news on S32 management and union wage talks re: Hillside aluminium smelter in KwaZulu-Natal province.
Numsa says wage talks at South32's Hillside aluminium smelter deadlocked - Miningmx
WAGE talks between South32 and the National Union of Metalworkers of South Africa (Numsa) had deadlocked, the union said over the weekend. The dispute concerns Numsa members employed at the Hillside aluminium smelter in KwaZulu-Natal province. Numsa said it disputed South32’s proposal that it...
www.miningmx.com
Kind regards
rcw1
- Joined
- 19 October 2005
- Posts
- 4,139
- Reactions
- 6,083
Went ex today
Bought 1,000 @ 4.26 Aug 25
Current price 4.05
Add back dividend of 0.245
Effectively worth 4.295 + franking credit
Winning
Judge's decision final
Result not subject to revision
Held
Bought 1,000 @ 4.26 Aug 25
Current price 4.05
Add back dividend of 0.245
Effectively worth 4.295 + franking credit
Winning
Judge's decision final
Result not subject to revision
Held
All that North American investment is a sad reflection on what this country will become if we don't start making things here, again.
Can't blame the company for doing it , though. Annual report clearly blames ( energy ) cost imposition, here. "Green" power to make "Green " steel is just not a thing yet , anywhere in the world. Could be decades away, too.
Can't blame the company for doing it , though. Annual report clearly blames ( energy ) cost imposition, here. "Green" power to make "Green " steel is just not a thing yet , anywhere in the world. Could be decades away, too.
- Joined
- 3 July 2009
- Posts
- 27,053
- Reactions
- 23,592
The good thing is, we don't make much steel at the moment, so we are in at the ground floor.?
We are just a global renewable powerhouse, waiting to explode out of the blocks.?
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,022
- Reactions
- 11,017
Looks like it might have been good buying down around support across $3.50, now stopped at resistance on the way back up. Completely tied up with the overall metals commodity mix and how they're travelling. No lithium or rare earth investments yet. Maybe following BHPs lead in thinking lithium is not a through the cycles prospect, which might be a mistake.
- Joined
- 19 October 2005
- Posts
- 4,139
- Reactions
- 6,083
Has it escaped peoples' notice that S32 intends to pay a monster interim dividend ex date 09 March?
Sure all their stats are down for 1H23 compared 1H22 but FY22 was an exceptional year.
Current price = 4.52 about
Interim Div = 0.72
Take the div away since it is so close
Notional S32 price = $3.80
Held
Sure all their stats are down for 1H23 compared 1H22 but FY22 was an exceptional year.
Current price = 4.52 about
Interim Div = 0.72
Take the div away since it is so close
Notional S32 price = $3.80
Held
- Joined
- 19 October 2005
- Posts
- 4,139
- Reactions
- 6,083
Slide showing drop in margin received across all their commodities 1H23 cf FY22
- Joined
- 12 January 2008
- Posts
- 7,174
- Reactions
- 17,749
The latest div is only USD 0.049. Would you point out the news item about the monster div, please.
DrBourse
If you don't Ask, you don't Get.
- Joined
- 14 January 2010
- Posts
- 888
- Reactions
- 2,088
- Joined
- 12 January 2008
- Posts
- 7,174
- Reactions
- 17,749
The latest div is only USD 0.049 (approx AUD 0.072). Would you point out the news item about the monster div, please.
Commsuck is certainly not a credible source!
Commsuck is certainly not a credible source!
Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,107
- Reactions
- 20,491
Somebody got monstered
Despite a slide in revenue and earnings and a lowered dividend for the six months to December, South32 (ASX: S32) has topped up its share-buyback program by $US50 million on expectations of a stronger outlook for commodities in the six months to June.
South32 said on Thursday in its December half release that the increase to the buyback will lift the amount left on its program to $US158 million which it plans to return to shareholders by September, the end of the first quarter of its 2023-24 financial year.
(The $US50 million increases takes the total in the program to $US2.3 billion, most of which has been returned.)
Meanwhile, directors of the mining company declared an interim dividend of 4.9 US cents per share. That’s down sharply from the 8.7 cents per share paid for the six months to December, 2021.
The company revealed that net profit of $US685 million for the six months through December, slid 34% from a year earlier while underlying earnings dropped 44% to $US560 million (from $US1 billion), although underlying revenue edged up by 0.4% to $US4.52 billion.
First-half earnings were hit by softer commodity prices, higher inflation and uncontrollable costs, but easily topped market forecasts for underlying earnings of $US493 million.
CEO Graham Kerr said the increase to South32’s capital-management program reflects the miner’s strong financial position and confidence in the business outlook.
Metals prices have recently rebounded toward last year’s highs, lifted by China’s economic reopening after years of strict pandemic controls and low global supplies, he pointed out.
South32 enjoyed a 12% increase in copper-equivalent production in the December half and expects total group output to grow a further 6% in the six months to June.
Despite a slide in revenue and earnings and a lowered dividend for the six months to December, South32 (ASX: S32) has topped up its share-buyback program by $US50 million on expectations of a stronger outlook for commodities in the six months to June.
South32 said on Thursday in its December half release that the increase to the buyback will lift the amount left on its program to $US158 million which it plans to return to shareholders by September, the end of the first quarter of its 2023-24 financial year.
(The $US50 million increases takes the total in the program to $US2.3 billion, most of which has been returned.)
Meanwhile, directors of the mining company declared an interim dividend of 4.9 US cents per share. That’s down sharply from the 8.7 cents per share paid for the six months to December, 2021.
The company revealed that net profit of $US685 million for the six months through December, slid 34% from a year earlier while underlying earnings dropped 44% to $US560 million (from $US1 billion), although underlying revenue edged up by 0.4% to $US4.52 billion.
First-half earnings were hit by softer commodity prices, higher inflation and uncontrollable costs, but easily topped market forecasts for underlying earnings of $US493 million.
CEO Graham Kerr said the increase to South32’s capital-management program reflects the miner’s strong financial position and confidence in the business outlook.
Metals prices have recently rebounded toward last year’s highs, lifted by China’s economic reopening after years of strict pandemic controls and low global supplies, he pointed out.
South32 enjoyed a 12% increase in copper-equivalent production in the December half and expects total group output to grow a further 6% in the six months to June.
- Joined
- 19 October 2005
- Posts
- 4,139
- Reactions
- 6,083
Hmm, what the? I prefer CommSec .. I almost bought today on the basis of their stat
So_Cynical
The Contrarian Averager
- Joined
- 31 August 2007
- Posts
- 7,464
- Reactions
- 1,463
4.9 US Cents - AUD equivalent 16/01/23 fully franked.
i was all excited at 49 cents.
Hold.
DrBourse
If you don't Ask, you don't Get.
- Joined
- 14 January 2010
- Posts
- 888
- Reactions
- 2,088
Dear ole commsuc strikes again
- Joined
- 3 May 2019
- Posts
- 6,185
- Reactions
- 9,679
I like an outlier.
comsuc have outdone themselves.
I have major issues with brokers over decimal places, do you think they can get it right?
Was anyone expecting a 16% interim dividend though? Surely that should have rung alarm bells.
comsuc have outdone themselves.
I have major issues with brokers over decimal places, do you think they can get it right?
Was anyone expecting a 16% interim dividend though? Surely that should have rung alarm bells.
I'm confused. I see the same as Dr Bourse.
Have we confused ourselves with the decimal points? (I'm in Commsec)
There's a missing zero after the decimal.
