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S32, SOUTH32 LIMITED
nipper
post Posted: Feb 16 2019, 11:10 PM
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QUOTE
Shares in S32, (a $18.5 billion company) jumped more than 3 per cent to $3.80 in early trading on Thursday after its half-year results exceeded analyst expectations.

South32 said it would pay a special dividend after reporting a $US635 million ($895.6 million) first-half profit. Shareholders will receive an interim dividend of US5.1¢ (7.2¢) and a special dividend of US1.7¢ (2.4¢) a share, both fully franked, on April 4.

The move to return $US511 million to shareholders through the two dividends completes 87 per cent of South32's $US1 billion capital management program.The remaining $US127 million is scheduled to be returned to shareholders by April 10 through the company's share buying program


Capital management.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
early birds
post Posted: Oct 4 2018, 11:27 PM
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In Reply To: blacksheep's post @ Oct 4 2018, 08:27 PM

it finally lift over the reasoned trading range [3.00---4.00]

really happy for the long termer ,
now aimed for over 5.00 bucks. tongue.gif



 
blacksheep
post Posted: Oct 4 2018, 08:27 PM
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In Reply To: blacksheep's post @ Sep 26 2018, 08:03 PM

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Alumina, South32, BHP among top picks for Macquarie


Macquarie picked three winners - today at least - all 3 performed well today. S32 up 7.32%, on the back of the news the worlds largest alumina refiner, Alunorte, had ceased production indefinitely. Alumina Limited was the best performer out of the three, rising 10.8%.

BHP rose mainly on the back of suggestion of a major boost in demand for copper
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Sep 26 2018, 08:03 PM
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Alumina, South32, BHP among top picks for Macquarie

QUOTE
"South32 was the main benefactor from the changes to our commodity price forecasts due to its exposure to alumina spot sales," Macquarie said in its report.

"The stock continues to offer more upside to our base case using spot prices compared to BHP and Rio Tinto. South32's earnings rise significantly due to the upgrades to alumina more than offsetting weaker base metals and silver prices. Our FY19, FY20 and FY21 earnings rise 17 per cent, 29 per cent and 26 per cent."

https://www.afr.com/markets/equity-markets/...20180926-h15vyx

Stockhead article on Macquarie's commodity price forecasts contains a couple of charts and can be viewed here->https://stockhead.com.au/resources/which-way-will-the-key-commodities-go-in-the-next-two-years-in-one-chart/
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Sep 22 2018, 07:39 PM
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Colombia’s Constitutional Court has sided with Australia’s South32 (ASX, LON, JSE:S32), saving the company from paying $400 million in compensation for alleged damages to local communities caused by waste emissions from its Cerro Matoso nickel mine and smelter.

The final ruling, local paper La Razón reported, was based on independent medical examinations ordered by the court, which concluded there was not enough evidence to link community diseases to the product of the mine operation.

But the court upheld part of a previous ruling requiring the company to re-apply for its environmental licensing, after carrying a community consultation process.


read more - http://www.mining.com/colombian-court-hand...nt-pay-damages/





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
early birds
post Posted: Aug 24 2018, 10:09 AM
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In Reply To: nipper's post @ Aug 23 2018, 10:01 AM

BHP spin off South32 has trimmed its final dividend after lifting net profit 8% to $US1.33 billion ($A1.81 billion) in the year to June.

South32 will pay a fully-franked final dividend of 6.2 US cents a share, down from 6.4 US cents a year ago. But shareholders have been promised a $US300 million capital return in the current financial year (probably wth the interim results next February).

However the total payout for the year will be higher with an interim dividend of 4.3 US cents paid for the half year ended 31 December 2017, and a special dividend of US 3.0 US cents a share, making 13.5 cents for the year.

Underlying earnings for the year to June 30 were up 16% to $US1.33 billion, while revenue was up 9% to $US7.55 billion.

Shareholders liked the news and chased the shares higher and they were up 5.6% at $3.45 South32’s CEO, Graham Kerr, said the company hit production records at its Australian manganese operation and at Mozal Aluminium.

"We achieved record production at Australia Manganese and Mozal Aluminium, delivered a 10 per cent increase in total manganese ore production and a 20 per cent increase in payable nickel production at Cerro Matoso. At the same time our fully integrated aluminium supply chain benefitted from tight markets by virtue of our predominantly index-linked 3.2 million tonne long alumina position.

He said the company was now operating a more simplified group, thanks to the 2017 decision to manage South Africa Energy Coal as a stand-alone business.

This move is expected to deliver a $US50 million cost saving from fiscal 2020 onwards.

“Looking ahead, we are well positioned. Group production is expected to rise by 5 per cent in the 2019 financial year, further productivity gains and functional cost savings are expected to mitigate industry wide inflationary pressure and we have added high quality development options to our portfolio,” he said.

The company said yesterday that the higher profit “was driven by stronger commodity prices, which were only partially offset by a 7% decrease in sales volumes and broader inflationary pressure, most notably in our aluminium supply chain.”

"Free cash flow from operations, including net distributions from equity accounted investments, of US$1.4B and an increase in our net cash balance to US$2.0B allowed us to acquire Arizona Mining and announce the acquisition of a 50% interest in the Eagle Downs metallurgical coal project with fully-funded cash offers amounting to US$1.4B.

Directors said the key factors that impacted financial performance included:

"A US$349 million increase in the contribution of our alumina refineries to Underlying EBITDA and a 10% increase in their combined Operating margin to 40% as we benefited from our long alumina position and our exposure to market prices for the vast majority of production. A 10% increase in total manganese ore production, including record production at Australia Manganese, as we continued to respond to strong demand and pricing; Record production at Mozal Aluminium, as the smelter continued to test its technical capacity;

A 20% increase in payable nickel production at Cerro Matoso as ore grades improved temporarily following the ramp up of La Esmeralda; A 40% decrease in Illawarra Metallurgical Coal production as the Appin colliery was suspended for much of H1 FY18 as we sought to re-establish minimum performance criteria, and Strong cost control as the majority of our upstream operations achieved Operating unit cost guidance, despite broader inflationary pressure.

"Our strong financial position allowed us to return US$946M to shareholders in respect of the period. This included payment of a US$221M fully franked interim dividend and declaration of a US$317M fully franked final dividend in accordance with our dividend policy, which seeks to return a minimum 40% of Underlying earnings in each six month period.

"A further US$408M was returned to shareholders as part of our ongoing capital management program, with US$254M allocated to our on-market share buy-back program and US$154M returned in the form of a special dividend. Our capital management program was increased by US$250M to US$1B during FY18 with the remaining US$380M balance expected to be returned to shareholders in FY19.
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good for the really longer term imho




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early birds
post Posted: Aug 23 2018, 11:04 AM
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In Reply To: nipper's post @ Aug 23 2018, 10:01 AM

really good reaction nipper

still had my little stake for the really longer term. i like the management team and the assets they have!!



 
nipper
post Posted: Aug 23 2018, 10:01 AM
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In Reply To: nipper's post @ Aug 23 2018, 09:47 AM

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strong commodity prices had a bigger impact than rising production costs.
- as good as it gets (for Tier 2)?



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 23 2018, 09:47 AM
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Thanks: 1945


QUOTE
South32 said its full-year net profit rose 8 per cent to $US1.332 billion ($1.81 billion) from $US1.231 billion in financial year 2017.

The Perth-based miner said it will raise production by 5 per cent over the next year after posting a $US1.32 billion underlying profit that was better than analysts had expected.

The result was 16 per cent higher than last year's profit, as strong commodity prices had a bigger impact than rising production costs.

Revenue climbed 9 per cent to $US7.549 billion in the year ended June 30 from $US6.95 billion a year earlier.

Shareholders will receive a fully franked final dividend of US6.2¢ per share on October 11. That takes total dividends for fiscal 2018 to US13.5¢. The full year payout was slightly below the US13.8¢ expected by analysts.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jun 18 2018, 12:23 PM
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South32 has made a $US1.3 billion ($A1.75 billion) bid to take sole ownership of US-focused Arizona Mining.

The Australian business, which already owns 17 per cent of the zinc, lead and silver miner, says the directors of Arizona Mining will unanimously recommend shareholders accept the all-cash offer.

South32 chief executive, Graham Kerr called Arizona Mining's Hermosa Project in Santa Cruz County, Arizona, "one of the most exciting base metal projects in the industry".

https://thewest.com.au/business/mining/sout...g-ng-b88869454z
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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