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Share Price Information for South32 (S32)

London Stock Exchange
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Share Price: 187.80
Bid: 187.80
Ask: 188.00
Change: -2.30 (-1.21%)
Spread: 0.20 (0.106%)
Open: 185.40
High: 187.90
Low: 185.40
Prev. Close: 190.10
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SMALL-CAP WINNERS & LOSERS: Helical has good half; South32 sees growth

Mon, 24th Oct 2022 11:08

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

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SMALL-CAP - WINNERS

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Helical PLC, up 4.8% at 31.63 pence, 12-month range 292.25-497.00p. Has a "good first half", having completed four new lettings and the sale of its Kaleidoscope property in September. In a trading update ahead of its half-year results, the London-based property investor says it completed four new lettings, delivering contracted rent of GBP1.3 million at a 2.2% premium to March 31 estimated rental value. Helical will receive GBP1.2 million of the contracted rent. Completes GBP200 million of sales in the period, all above the assets' March book value. This includes the GBP158.5 million sale of Kaleidoscope to Chinachem Group and the sale of Trinity in Manchester to clients of Mayfair Capital for GBP34.6 million. At October 21, Helical had collected 97% of its September quarter rent, improved from 94% at the same point last year.

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SMALL-CAP - LOSERS

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South32 Ltd, down 5.6% at 202.00 pence, 12-month range 1.85p-209.20p. Posts mostly lower production performance in the first quarter, but guides for strong annual output growth overall, despite lowering guidance for coal. The Perth, Australia-based diversified miner said aluminium production rose by 13% to 279,000 tonnes for the first quarter that ended September 30, up from 248,000 tonnes in the prior year as its Southern African smelters continued to test their maximum technical capacity and the Brazil Aluminium smelter was successfully restarted. In its financial year 2023 guidance, the group expects 13% production growth.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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