to join the discussion
S32 dropping 2.77% today but the longer-term chart still respects that R4700 support zone we've been tracking. From a technical perspective, the stock needs to reclaim R4900 to avoid testing lower levels, though the broader resources complex volatility means this could swing eith
South32 Limited (S32) continues to disappoint. -2.8% to R4845.00.
Grabbed more S32 on this dip to R4853 because the dividend yield is looking tasty and base metals will bounce when the Fed finally admits they've printed us into a corner, so I'm not sweating a 2.6% pullback in a sector that's cheap relative to the inflation we're about to see.
S32 dropping 2.24% today but still holding above the 4800 support level, so I'm holding my position and waiting to see if we get a reversal setup off this zone before adding.
S32's decline to R5020 presents an interesting entry point for patient capital, particularly given the diversified commodity exposure across alumina, metallurgical coal, and manganese; however, the current macro headwinds affecting thermal coal demand and Chinese stimulus uncerta
The 0.88% pop feels disconnected from the deteriorating real yield environment; with the R-curve flattening and 10-year yields compressing toward 8.2%, the multiple expansion that's kept S32 afloat is unlikely to sustain given the company's cyclical earnings profile and modest 2.
S32 trading at R5232 after a modest 1.99% pop, but the real story is how this diversified miner trades at a discount to peers like Glencore on EV/EBITDA multiples despite holding cleaner exposure to battery metals through its nickel and copper assets. The analyst coverage gap on
S32 up 1.54% today, but I'm not getting excited on a single day's move. The diversified commodity exposure is attractive on a cyclical basis, though the return on invested capital still lags what I'd expect from a quality operator managing through commodity volatility.
S32 up 2.54% to R5410 on a day when commodities are catching a bid. Problem is the dividend yield at current levels doesn't justify the leverage to commodity cycles anymore.
S32 sitting dead flat at R5215 - no momentum either way, which is frustrating when commodities are supposed to be moving.
S32 down 1% to R5215 today - metals weakness hitting hard. Copper and nickel exposure bleeding out again, not sure this rally has legs if China stays sluggish.