To invest in South32,the recent spinoff of Australian general mining titan BHP Billiton,you must have access to the London,South African or Australian stock exchanges.The new firm concentrates on mines and smelters of coal,manganese,aluminium and nickel.Led by CEO Graham Kerr,it has operations in Australia,Africa and Colombia,plus non-operated joint venture interests in Brazil.It is immediately the third largest miner in the world,behind BHP and Rio Tinto.*
South32,which is based in Perth,cites its strong commodity and customer diversification,with assets having 8.3 billion of revenue in 2014.RBC,JP Morgan,Citi and Merrill Lynch have buy ratings on the firm as a strong generator of cash,albeit one with a dearth of production growth.RBC said it has an outperform on the company in light of its high quality portfolio of low cost assets with exposure to a diverse set of commodities which we favour.While production growth is lacking,cost out should support near term earnings;longer term the strong balance sheet supports M&A driven growth.*
Credit Suisse is neutral on the stock.*
BHP Billiton said it wanted to simplify its portfolio by spinning off a cash generator with high quality metals and mining assets competitively positioned in their respective cost curves.The Melbourne-based company pays a hefty 5.70% dividend yield and is listed on the NYSE.It has 41 assets in 13 countries,including petroleum and potash,copper,iron ore,coal,aluminium,manganese and nickel.It also has silver,lead,zinc,molybdenum,uranium and gold assets.BHP mines bauxite,refines it into alumina and smelts alumina into aluminium;mines manganese and produces manganese metals and alloys;and mines and produces nickel products.*
South32 Ltd (LSE:S32),BHP Billiton PLC ADS (BBL)
Showing posts with label Credit Suisse. Show all posts
Showing posts with label Credit Suisse. Show all posts
Wednesday, May 20, 2015
Wednesday, March 27, 2013
Voices and Trends in European Business
Northern Europe is gonna do just fine because the US will have strong growth,and they will do well off that,according to Joseph McAlinden,Chief Investment Officer at Catalpa Capital.People are gonna feel wealthier and spend,which is good for the world economy.The US economy,the stock market is the buy on the gold seam right now.
French consumer confidence fell in March on the stalled economy.
US durable goods orders were up more than forecast.US home values are at their highest level since 2007.
An EU report says the employment outlook is very bleak across Europe.
UK banks must raise 38 billion dollars to make up for a capital shortfall,the Bank of England says.
London remains the world's top financial centre,says the Global Financial Centres Index.
VTB has the most exposure to Cyprus of the Russian banks,according to Standard and Poor's.The EU says the Cypriot bank tax is not a template for future bailouts.
Credit Suisse is to buy Morgan Stanley's Europe wealth management business.Erricson is in talks to buy Microsoft's IPTV business.
The euro has traded below 1.28 for the first time since November.
German plant and machine orders were unchanged in February on weak Euro-zone demand.
Credit Suisse(CS),Microsoft(MSFT),Morgan Stanley(MS),Erricson(ERIC)
French consumer confidence fell in March on the stalled economy.
US durable goods orders were up more than forecast.US home values are at their highest level since 2007.
An EU report says the employment outlook is very bleak across Europe.
UK banks must raise 38 billion dollars to make up for a capital shortfall,the Bank of England says.
London remains the world's top financial centre,says the Global Financial Centres Index.
VTB has the most exposure to Cyprus of the Russian banks,according to Standard and Poor's.The EU says the Cypriot bank tax is not a template for future bailouts.
Credit Suisse is to buy Morgan Stanley's Europe wealth management business.Erricson is in talks to buy Microsoft's IPTV business.
The euro has traded below 1.28 for the first time since November.
German plant and machine orders were unchanged in February on weak Euro-zone demand.
Credit Suisse(CS),Microsoft(MSFT),Morgan Stanley(MS),Erricson(ERIC)
Tuesday, December 7, 2010
Qatar Jubilant Over World Cup
Qatar will host the first major sporting event in the Arab world as the 2022 World Cup makes its way to the Gulf state.A joyous crowd greeted the news in Doha,the Qatari capital last week.It was apparently a surprise to all,while Russia had been expected to win its bid to host the 2018 World Cup.
Qatar got a 66 out of 100 points by the technical evaluators,while the U.S. received a perfect score.Frankly,Qatar was considered a high-risk choice.Still,its plan to dismantle the stadiums after the event and rebuild them in less affluent nations could only have enhanced Qatar's appeal.Generosity went a long way,and the world's wealthiest nation in terms of per capita income took the great honor of hosting the world-entrancing football matches.
Credit Suisse estimates Qatar's income to be 109,000 dollars per capita.
Because it is classified as an Asian nation,Qatar's win means China cannot host the World Cup now until 2030 at the earliest.Qatar is located between Bahrain and the United Arab Emirates on the Persian Gulf,with Saudi Arabia to the west.
Credit Suisse(CS)
Qatar got a 66 out of 100 points by the technical evaluators,while the U.S. received a perfect score.Frankly,Qatar was considered a high-risk choice.Still,its plan to dismantle the stadiums after the event and rebuild them in less affluent nations could only have enhanced Qatar's appeal.Generosity went a long way,and the world's wealthiest nation in terms of per capita income took the great honor of hosting the world-entrancing football matches.
Credit Suisse estimates Qatar's income to be 109,000 dollars per capita.
Because it is classified as an Asian nation,Qatar's win means China cannot host the World Cup now until 2030 at the earliest.Qatar is located between Bahrain and the United Arab Emirates on the Persian Gulf,with Saudi Arabia to the west.
Credit Suisse(CS)
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