Somebody posted this on S32 a fair while ago as the break up of S32's business.
EBIT % by product segments
Base Metals 18%
Coal 6%
Manganese 27%
Alumina/Alum 49%
Assuming this is correct (and I don't know either way) then why would an analyst reduce a price target by 14% merely on the South African coal play? Aluminium stocks are continually reducing and the prices are generally going up, wouldn't this be more of a 'bottom line factor' than the SA coal thematic?
I don't follow any analysts opinion anymore, in fact, I call them all 'historians' as they rarely predict anything but always have the reason why something has just happened!
Personally I think S32 should up it's dividend by as much as possible and become more of a dividend play stock - baby boomers live off them and love them. The share price would go way north if they did! And in case anyone hasn't noticed 'baby boomers have dictated our economies since they graced the planet!
Somebody posted this on S32 a fair while ago as the break up of...
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Last
$3.19 |
Change
-0.040(1.24%) |
Mkt cap ! $14.35B | |||
| Open | High | Low | Value | Volume |
| $3.23 | $3.24 | $3.17 | $27.78M | 8.692M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 161316 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 299 | 1 |
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| Last trade - 15.59pm 18/09/2024 (20 minute delay) ? |
| S32 (ASX) Chart |