The shares on issue doesn’t really matter. It’s the market cap you need to focus on. That’s the basis for the fund managers (namely superfunds) investing on index size, not SOI. Bhp has around 5.2bn as well. S32 is still a top ASX20 stock. It’s currently buying back a lot of shares and hopefully continues to do so. From their I hope they have further success via greensfields and TO (ie Arizona). Its a nice blue chip miner to own that is outside iron ore. Also trading at very cheap multiples. I haven’t topped up, but intend to.
S32 lacks copper, it will probably always lack in this area. Iron ore, it’ll never get into nor compete. But long term, copper is where the $ are at.
S32 price target cut!, page-8
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 (20min delay)
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Last
$3.55 |
Change
0.060(1.72%) |
Mkt cap ! $14.49B | |||
| Open | High | Low | Value | Volume |
| $3.51 | $3.56 | $3.50 | $47.82M | 13.53M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 157870 | $3.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.55 | 124097 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| S32 (ASX) Chart |
