Should you buy South32?

After beginning trading at $2.13, South32 closed at $2.05 on its first day as a listed company.This was at the lower end of expectations and meant a market capitalisation of $10.8bn for Australia’s newest listed miner. But it still makes South32 the third-largest miner on the ASX and a Top 50 business.The media may have already dubbed it a failure but, make no mistake, a giant has been born. Investors now want to know just one thing: should they buy South32?At its current price, the stock trades at a 4% discount to its net asset value. In my view, it’s a...

After beginning trading at $2.13, South32 closed at $2.05 on its first day as a listed company.

This was at the lower end of expectations and meant a market capitalisation of $10.8bn for Australia’s newest listed miner. But it still makes South32 the third-largest miner on the ASX and a Top 50 business.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
You must accept the terms and conditions.

OR

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Related Articles