The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSouth32 Share News (S32)

Share Price Information for South32 (S32)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 188.90
Bid: 188.50
Ask: 189.00
Change: 4.00 (2.16%)
Spread: 0.50 (0.265%)
Open: 185.20
High: 189.50
Low: 184.60
Prev. Close: 184.90
S32 Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

BHP Billiton shares drop as South32 spin-off gets mixed reception on trading debut

Mon, 18th May 2015 10:00

Shares in miner BHP Billiton fell 5% on Monday as the company's spin-off South32 started trading on the Australian Stock Exchange with a market value of nearly $9bn, at the lower end of analysts' forecasts.South32, which is also traded in London, opened at A$2.13 a share and rose to A$2.20, giving it a market capitalisation of US$9bn - a lukewarm reception compared with expectations for a range between US$7bn and US$13bn.BHP announced its decision last year to spin off its alumina, aluminium, nickel, silver and lead assets to South32 in order to focus on its core divisions such as iron ore and copper, as well as coal, oil and gas, and cut costs further.The company had been under pressure to streamline its operations due to weaker commodity prices resulting from a slowdown in China.Bank of America Merrill Lynch revisited its estimates for BHP Billiton on Monday to reflect the new streamlined operations. It downgraded its 2015 estimate for earnings before interest, taxes, depreciation and amortisation by 9.5% to US$21.7bn and its estimate for 2016 by 12% to US$15.2bn.It maintained its neutral stance on the stock. "While we are attracted BHP's dividend yield (approaching 6% post S32 carve-out) and cost-cutting programmes, our cautious outlook on iron ore prevents us from being more positive," said the bank.Merrill did recommend buying S32, however, and so have RBC, JPMorgan and Citi.
More News
23 Jan 2023 07:50

TOP NEWS: South32 on top of industry-wide inflationary pressures

(Alliance News) - South32 Ltd said on Monday it remained focused on keeping costs under control in the first half, while maintaining stable operational performance.

Read more
12 Jan 2023 09:40

LONDON BROKER RATINGS: UBS cuts Beazley; Berenberg likes Rio and BHP

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
10 Jan 2023 10:11

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
24 Oct 2022 11:08

SMALL-CAP WINNERS & LOSERS: Helical has good half; South32 sees growth

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
24 Oct 2022 10:30

TOP NEWS: South32 quarterly output largely down; lowers coal outlook

(Alliance News) - South32 Ltd on Monday posted a mostly lower production performance in the first quarter, but guided for strong annual output growth overall, despite lowering guidance for coal.

Read more
21 Oct 2022 09:38

LONDON BROKER RATINGS: HSBC cuts Asos; Berenberg likes Synthomer

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
20 Oct 2022 15:58

UK shareholder meetings calendar - next 7 days

Friday 21 October 
Diurnal Group PLCGM re Neurocrine takeover
Trafalgar Property Group PLCAGM
Monday 24 October 
Echo Energy PLCGM new ordinary shares conversion
Fintech Asia LtdAGM
Rural Broadband Solutions PLCEGM investment from Tiger Infrastructure Partners Fund and name change
Seraphim Space Investment Trust PLCAGM
Vast Resources PLCGM allotment of equity securities
Tuesday 25 October 
Hammerson PLCGM re proposed capital reduction
International Consolidated Airlines Group SAEGM 
Next Fifteen Communications Group PLCGM cash and share acquisition
Rio Tinto PLCGM re China Baowu Steel Group deal
Tritax EuroBox PLCGM Investment Management Agreement
Vertu Capital LtdGM readmission of ordinary shares
Wednesday 26 October 
JPMorgan Global Growth & Income PLCAGM
KCR Residential REIT PLCAGM
International Consolidated Airlines Group SAEGM aircraft purchase
Mid Wynd International Investment Trust PLCAGM
Mirada PLCAGM
Omega Diagnostics Group PLCAGM
Woolworths Group LtdAGM
Thursday 27 October 
Alumasc Group PLCAGM
Brooks Macdonald Group PLCAGM
City Of London Investment Trust PLCAGM
Filtronic PLCAGM
Hargreaves Services PLCAGM
National Milk Records PLCAGM
Ovoca Bio PLCAGM
PCI-PAL PLCAGM
Provexis PLCAGM
Real Good Food PLCAGM
South32 LtdAGM
TheWorks.co.uk PLCAGM
TruSpine Technologies PLCAGM
Tufton Oceanic Assets LtdAGM
Wesfarmers LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
13 Sep 2022 09:41

LONDON BROKER RATINGS: Whitbread on JPMorgan's positive catalyst watch

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
25 Aug 2022 12:12

IN BRIEF: Anglo Pacific sees interim revenue surge on good prices

Anglo Pacific Group PLC - London-based natural resources royalty company - Pretax profit for the first half of 2022 multiplies to USD130.0 million from USD11.8 million a year before. Attributes this to a significant increase in the value of its Kestrel royalty.

Read more
25 Aug 2022 09:52

TOP NEWS: South32 pays another special dividend on rising commodities

(Alliance News) - South32 Ltd on Thursday announced another special dividend as the global miner continued to benefit from a significant tailwind of commodity prices.

Read more
24 Aug 2022 09:45

LONDON BROKER RATINGS: Unilever and Petrofac cut, Marshalls upgraded

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
23 Aug 2022 08:37

TOP NEWS: South32 drops plans to invest in Dendrobium mine project

(Alliance News) - South32 Ltd announced on Tuesday it will halt plans to invest in the Dendrobium Next Domain project at its Illawarra metallurgical coal operations in Australia.

Read more
18 Aug 2022 16:02

UK earnings, trading statements calendar - next 7 days

Friday 19 August 
Apax Global Alpha LtdHalf Year Results
Kingspan Group PLCHalf Year Results
Newcrest Mining LtdFull Year Results
Monday 22 August 
Smoove PLCFull Year Results
Tuesday 23 August 
Aferian PLCHalf Year Results
John Wood Group PLCHalf Year Results
Wednesday 24 August 
Costain Group PLCHalf Year Results
Lookers PLCHalf Year Results
Standard Chartered PLCHalf Year Results
Thursday 25 August 
Amigo Holdings PLCQ1 Results
Anglo Pacific Group PLCHalf Year Results
Benchmark Holdings PLCQ3 Results
CRH PLCHalf Year Results
Faron Pharmaceuticals LtdHalf Year Results
Grafton Group PLCHalf Year Results
Harbour Energy PLCHalf Year Results
Hays PLCFull Year Results
Hunting PLCHalf Year Results
Macfarlane Group PLCHalf Year Results
Morses Club PLCFull Year Results
South32 LtdFull Year Results
  
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
27 Jul 2022 09:43

LONDON BROKER RATINGS: Upgrades for Admiral and Legal & General

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
25 Jul 2022 09:10

TOP NEWS: Extreme weather, supply chain logjams hurt output at South32

(Alliance News) - South32 Ltd on Monday reported lower annual production at most of its operations as extreme weather, supply chain disruptions and the Covid-19 pandemic weighed.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.