S32 0.33% $2.98 south32 limited

Ann: Quarterly Report June 2024, page-13

  1. 6,168 Posts.
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    I can't say I'm surprised by the quarterly result.

    FY24 was always going to be a missed opportunity on S32. Plenty of missteps as discussed previously. I'm surprised with the reaction though.
    https://hotcopper.com.au/data/attachments/6328/6328350-afb66fe8331c88c1698442c332783e7c.jpg
    I have made a small top-up at $3 on this overreaction. Just in case it doesn't get to my $2.75 target. If it does, I will make a large top-up. Plenty of fat on my $2.54 average.

    S32 has plenty of Cash and Cashflow to service the $1.11b USD Debt. As far as I can see Balance Sheet is still healthy.
    https://hotcopper.com.au/data/attachments/6328/6328379-6c5cf88dffdeac1412ad49c7d0357931.jpg

    Last edited by Exised: Yesterday, 15:19
 
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