S32 3.89% $2.94 south32 limited

Worth a Dabble?, page-2

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    Found this on page 287 of the 1355 page memorandum released to the market on
    Friday at 4.33pm: (Not bad value for $AUD2.05 per share.)

    Earnings, dividends and asset information per share
    H1 FY2015
    Basic earnings per share (US cents)12.92
    Diluted earnings per share (US cents)12.88
    Basic earnings (US$M)688
    Diluted earnings (US$M)688
    Headline earnings per share (US cents)12.92
    Headline earnings (US$M)688
    Net asset value per share (US cents)(a)330
    Tangible net asset value per share (US cents)(b)324
    Dividends per share (US cents)(c)12

    Especially like that number of Tangible asset per share of 324 us cents. Whats that about $4.05 aussie?

    There is no divie for the first half ending this month, a 40% maximum of underlying earnings policy for next half.

    Interestingly, total assets as at 31 dec 2014 were $US26b, liabilities coming in at just over $us9b.

    Worth a dabble? On those numbers I think so. Obviously there are other things to consider though.
 
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