Don't usually look at the big end of town, but just based on South32 (ASX:S32) current share price and their QVM indictors, it looks like their could be some value here?
They have a portfolio of base metals and commodities (aluminium, copper and Coal). I haven't been following them, looks like their has been some poor news and results, resulting in a fall in their share price. But forecasts have them returning to pervious profit levels in FY25.
Hi my name is Anton and I have been investing in shares for over 10-years. I have completed a Masters of Applied Finance and worked in the share investment world for a period and this is where I met Elio and Chris and found my way to Stockopedia. I have a long-term fundamental investment approach which is heavily driven by ratio analysis. For me, ratio analysis cuts through the hyperverbal out there by the investment media, and the endless investment fads and flavour of the month stock. As such I mainly focus on Quality and Value; but since I have started using Stockopedia, I have started to incorporate more Momentum factors into my stock analysis. Outside of investing you will find me playing a bit of cricket and golf, or out doing a spot of fishing. more »
On the back of South32 (ASX:S32) selling their Met coal asset for US$1.6bn, I could not resist and have purchased some shares. The sale is not expected to be completed until 1Q25 and is subject to BlueScope Steel (ASX:BSL) not enforcing pre-emption rights they have over the asset. If BSL do enforce this, they will acquire the coal asset from S32 on the same terms.
BlueScope Steel (ASX:BSL) has waivered their pre-emptive rights to S32's Met coal asset. This paths the way for the US$1.6bn sale to go ahead subject to other conditions being satisfied, namely getting approval from FIRB.
