A director at South32 Ltd maiden bought 40,000 shares at 3.032AUD and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
Manganese (Mn) is an essential metal with numerous applications across various industries, particularly in the production of steel and stainless steel, and its growing use in electric vehicle (EV) battery technology. Nearly 90% of manganese produced globally is used in the steel industry. Manganese alloys impart properties like hardness and strength in products ranging from automotive steel sheets to construction materials. Manganese also finds chemical applications in fertilizers, batteries, a...
SOUTH32 (AU), a company active in the Non Ferrous Metals industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date Jan...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The ASX 200 fell by 0.4% and underperformed global markets after several strong months of outperformance and earnings downgrades. In net terms the market was upgraded, although this was mainly because there were less downgrades than normal and not because analysts were becoming more positive on the earnings outlook. IT (-3.9%), Financials (-2.8%), Consumer Staples (-2.2%) and Materials all underperformed. Australia remains expensive with the earnings bar now lowered to a level more achieva...
The ASX 200 shrugged off a poor reporting season and fell in line with global markets. Global stock markets fell by 2.0% due to concerns about global trade. Healthcare (3.6%), Property (2.3%) and IT (5.0%) were the best performing sectors, while Materials declined on the backs of a large fall in the price of iron ore and a weak FY19 result from BLD. The strong relative performance of Australia during the past 3 months combined with the large number of downgrades in June and a downgrade ...
The sell-off in base metals, thermal coal, aluminium and alumina, and manganese prices has been a key driver of the decline in South32’s share price. It peaked at AUD 4.25 in October 2018 and now sits about 30% lower around AUD 3.00 per share. The S&P/ASX 200 index has increased almost 7% in the same period. With the lower share price, South32’s shares are fairly valued and trade in line with our unchanged AUD 3.00 per share fair value estimate for no-moat-rated South32. Fourth-quarter prod...
The sell-off in base metals, thermal coal, aluminium and alumina, and manganese prices has been a key driver of the decline in South32’s share price. It peaked at AUD 4.25 in October 2018 and now sits about 30% lower around AUD 3.00 per share. The S&P/ASX 200 index has increased almost 7% in the same period. With the lower share price, South32’s shares are fairly valued and trade in line with our unchanged AUD 3.00 per share fair value estimate for no-moat-rated South32. Fourth-quarter prod...
The sell-off in base metals, thermal coal, aluminium and alumina, and manganese prices has been a key driver of the decline in South32’s share price. It peaked at AUD 4.25 in October 2018 and now sits about 30% lower around AUD 3.00 per share. The S&P/ASX 200 index has increased almost 7% in the same period. With the lower share price, South32’s shares are fairly valued and trade in line with our unchanged AUD 3.00 per share fair value estimate for no-moat-rated South32. Fourth-quarter produ...
The sell-off in base metals, thermal coal, aluminium and alumina, and manganese prices has been a key driver of the decline in South32’s share price. It peaked at AUD 4.25 in October 2018 and now sits about 30% lower around AUD 3.00 per share. The S&P/ASX 200 index has increased almost 7% in the same period. With the lower share price, South32’s shares are fairly valued and trade in line with our unchanged AUD 3.00 per share fair value estimate for no-moat-rated South32. Fourth-quarter produ...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
After peaking at around AUD 4.25 per share in October 2018, no-moat South32 shares have sold off by almost one fourth. The price pullback means the shares are now close to fairly valued. This is despite reducing our fair value estimate slightly to AUD 3.00 per share from AUD 3.10 previously. The reduction primarily reflects declines in the spot prices for nickel and zinc. The lower AUD/USD exchange rate, below 0.70, is a partial offset. The base metals and manganese price sell-off is the key rea...
After peaking at around AUD 4.25 per share in October 2018, no-moat South32 shares have sold off by almost one fourth. The price pullback means the shares are now close to fairly valued. This is despite reducing our fair value estimate slightly to AUD 3.00 per share from AUD 3.10 previously. The reduction primarily reflects declines in the spot prices for nickel and zinc. The lower AUD/USD exchange rate, below 0.70, is a partial offset. The base metals and manganese price sell-off is the key rea...
After peaking at around AUD 4.25 per share in October 2018, no-moat South32 shares have sold off by almost one fourth. The price pullback means the shares are now close to fairly valued. This is despite reducing our fair value estimate slightly to AUD 3.00 per share from AUD 3.10 previously. The reduction primarily reflects declines in the spot prices for nickel and zinc. The lower AUD/USD exchange rate, below 0.70, is a partial offset. The base metals and manganese price sell-off is the key rea...
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