In today’s briefing:
- Have South32 Shares Bottomed Out?
Have South32 Shares Bottomed Out?
- South32 is an Australian metal and mining firm spun off from BHP in 2015. Unlike mining majors, South32 holds smaller but concentrated assets.
- Aluminium operations is the firm’s primary revenue source followed by coking coal operations. Coking coal contributes to 32% of the underlying EBITDA.
- With its share price having got battered, South32 stock is compellingly priced relative to MVR ETF paving way for a compelling long-short trade.
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