J_Gold
11-09-2011, 03:54 PM
Anyone watching Sims Metal Management? (ASX: SGM)
Worlds largest listed metal and electronic recycling company
Its subsidiary Sims Group UK ltd acquired Dunn Brothers a month ago so its a big UK player.
Year end 25 August 2011 resulted in a 51.6% increase in Net Profit after-tax from 2010 using only an 18.7% increase in revenue. EPS increased 44.7%.
Was a $48 stock back in mid-2008. Nailed in the GFC. Fought back to $28 mid-2009, was a $21 stock at the start of the year and its taken a massive beating down to $14ish.
IMO very overly-beaten. Think it should return to its start-of-year price and beyond over the next 6 months if its performance keeps going like it has been. The future looks promising for this one.
Anyone else have an opinion?
Worlds largest listed metal and electronic recycling company
Its subsidiary Sims Group UK ltd acquired Dunn Brothers a month ago so its a big UK player.
Year end 25 August 2011 resulted in a 51.6% increase in Net Profit after-tax from 2010 using only an 18.7% increase in revenue. EPS increased 44.7%.
Was a $48 stock back in mid-2008. Nailed in the GFC. Fought back to $28 mid-2009, was a $21 stock at the start of the year and its taken a massive beating down to $14ish.
IMO very overly-beaten. Think it should return to its start-of-year price and beyond over the next 6 months if its performance keeps going like it has been. The future looks promising for this one.
Anyone else have an opinion?