Mozal is hydro powered so passes ESG criteria.
Funded by cash on hand - a more interesting use of capital than extra buy-backs.
The South African government is, ahem, a bit broke and unlikely to exercise pre-emptive rights through the IDC.
At 3.6x FY21 EBIDTA, the purchase is not expensive, even considering country risk.
Good work, team.
Ash
Ann: South32 to acquire up to an additional 25% of Mozal, page-2
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add S32 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.10 |
Change
0.010(0.32%) |
Mkt cap ! $14.04B | |||
| Open | High | Low | Value | Volume |
| $3.11 | $3.13 | $3.09 | $19.46M | 6.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63092 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.11 | 63521 | 9 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| S32 (ASX) Chart |