SGM 0.00% $12.57 sims limited

Nov 9 (Reuters) - Sims Metal Management Ltd (SGM) "expect...

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    Nov 9 (Reuters) - Sims Metal Management Ltd (SGM)

    • "expect underlying return on capital in FY17 to be greater than 5.5% achieved in second half of fy16"
    • "remain committed to our goal of achieving a return on capital of 10% or greater in FY18"
    • "anticipate investing $150 million to $180 million in capex during FY17."
    • "anticipate first half FY17 underlying ebit to be significantly better than last year's equivalent period, and similar to second half of FY16"
    • "inherent volatility and uncertainties of commodity markets continues to make forecasting challenging"
 
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