Sims Metal is one of the best run company in the ASX. Their profit is forecast to rise even with lower world GDP. Buyback programme which is yet to start shows that the company believe its share price are undervalued and therefore the best thing the company can do with excess capital is to buy back its own shares. When the european debt probles stabilises, this company will be trading lot higher.
breakout, page-7
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Last
$13.22 |
Change
-0.060(0.45%) |
Mkt cap ! $2.554B | |||
| Open | High | Low | Value | Volume |
| $13.32 | $13.33 | $12.95 | $5.316M | 402.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2503 | $13.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.22 | 981 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| SGM (ASX) Chart |