Sims Group Limited

By Intelligent Investor · 7 Feb 2003

By Intelligent Investor ·
7 Feb 2003

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Sims Limited - SGM

Current price

$11.73 at 16:40 (19 April 2024)

Price at review

$8.80 at (07 February 2003)

All Prices are in AUD ($)

Sims Group, formerly Simsmetal, has jumped 21% since issue 117/Nov 02 (Hold for the Upside - $7.26) and 48% since issue 95/Jan 02 (Long Term Buy - $5.93). Profit for the half-year to 31 December 2002 was $32.5m, up 61%. That's not surprising with scrap metal prices up significantly last year. With an expected yield of around 4.5% the stock isn't outstanding value but subscribers can continue to HOLD FOR THE UPSIDE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Sims Group Limited

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Sims Group Limited

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