True.
The fundamentals are solid too. Morningstar puts S32 on a PE of 11.28 and expects a near doubling of the dividend to 26.5c ff in FY19.
S32 is cashed up ready to buy metal mines or met coal. Just about any addition would benefit from S32's strong mining engineering and marketing nous. It has a jewel to polish in Hermosa. Illawara coal should be back producing 6mt in FY19.
And now Alumina has gone berzerk.
I had $5 pencilled in as my target. I revise this up to $5.80. Even that might prove to be excessively conservative.
Ash
True. The fundamentals are solid too. Morningstar puts S32 on a...
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Last
$3.52 |
Change
0.030(0.86%) |
Mkt cap ! $15.96B | |||
| Open | High | Low | Value | Volume |
| $3.51 | $3.56 | $3.50 | $30.85M | 8.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 231165 | $3.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.53 | 148916 | 76 |
View Market Depth
| Last trade - 15.24pm 15/11/2024 (20 minute delay) ? |
| S32 (ASX) Chart |