ASX Announcements
August 2024
Struggling Sims liquidates $435m in assets in strategic reset
Metal recycler Sims has sold two assets as it tries to survive the toughest recycling market in a decade.
- Peter Ker
June 2024
Investors fear more profit downgrades as pricing power crumbles
Erosion of pricing power for which many companies were once vaunted is shaping as the next leg of the confession season with less than a month of trading left.
- Simon Evans
May 2024
Confession season kick-off fails to derail ASX run
Fund managers say this year’s Macquarie Australia Conference was among the least eventful in recent memory – and that may be a good sign for investors.
- Joshua Peach
September 2023
PEP knocks off IFM Investors in LMS battle
This represents the seventh energy deal for the PEP Secure Assets fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July 2023
- Exclusive
- Mergers & acquisitions
Rio Tinto in billion-dollar recycling push
Rio Tinto is preparing to spend close to a billion dollars on a metal recycling acquisition in North America.
- Peter Ker
April 2023
Gupta’s latest push for taxpayer subsidies might just be worth it
Sanjeev Gupta’s vow to build a new furnace at Whyalla is a credible step toward green steel and might be part of something much bigger in the Spencer Gulf.
- Peter Ker
March 2023
Sims to sell stake in LMS Energy, eyes ‘green’ steel
The scrap metal recycler intends selling its 50 per cent holding in the biogas and solar energy group, with analysts saying it may fetch $400 million.
- Simon Evans
November 2022
Iron ore producers storm back in flat market
The S&P/ASX 200 Index fell 0.2 per cent to 7146.3 points. Fortescue Metals Group rose 10 per cent to $19.55 and Elders plunged 22.9 per cent to $10.21.
- Vesna Poljak
Shares gain as James Hardie, Sims warn on global economy
Lithium miners jumped as Macquarie lifted forecasts, while bitcoin, solana and ethereum sunk on a ballooning feud between billionaire crypto exchange founders.
- Tom Richardson
August 2022
- Opinion
- Chanticleer
What we learnt: Seek slices VC values, why Temple & Webster soared
Seek takes the knife to the value of its venture capital portfolio, while Temple & Webster sends analysts scrambling for their spreadsheets.
- James Thomson
Sims waves goodbye to golden days as metal prices sag
CEO Alistair Field says big-picture shifts where recycled metal is sought for a “greener” economy are still intact, but rate rises are biting as metal prices halve.
- Simon Evans
May 2022
Sims buys $93m deepwater site for Qld metals plant
The scrap metal group, positioning itself as a player in decarbonisation, is eyeing a processing plant in Brisbane’s port precinct.
- Simon Evans
April 2022
Car wrecks and computer refurbishments drive Sims
Investments in technology are helping to reposition a business which began as a scrap metal merchant in 1917.
- Simon Evans
March 2022
Scrap metal group Sims in ‘green’ sweet spot
Shares are up 50 per cent in two months, and the shift to electric vehicles and refurbishment of computing hardware is bringing extra demand.
- Simon Evans
February 2022
BHP primed for a decade of inflation
Australian commodity exporters could be the beneficiary of what the world’s biggest miner expects will be 10 years of inflationary pressures.
- Peter Ker, Simon Evans and Ronald Mizen
Sims Metal shows how car wrecks are hot in green steel race
The metal recycler is a big winner for investors as the global steel industry tries to reduce carbon emissions.
- Updated
- Simon Evans
- Opinion
- Chanticleer
What we learnt: The great juggle between costs and growth has begun
Whether you’re selling toilets (GWA), salmon (Tassal), advertising (Seven West Media and Seek) or scrap metals (Sims) demand is rising. But so are costs.
- Updated
- James Thomson
All the profit results for February 15, 2022
Results briefing | News and analysis on today’s profit results from BHP, Atomos, Ansell, Cardinale, Dexus, Elmo Software, GWA, Lifestyle Communities, Money3, Reckon, Seven West, Seek, Sims and Tassal. Find updated reports and analysis here.
- Andrew Hobbs
December 2021
Sims eyes US recycling expansion with $63m deal
Sims Limited says it wants to expand municipal recycling after selling a majority stake in its New York operations.
- Michael Roddan
July 2021
Vulcan steels for $1b float: maiden pitch to Aussie funds
Privately-owned Australasian steel products distributor Vulcan Steel made its maiden pitch to Australian fund managers on Monday.
- Anthony Macdonald and Yolanda Redrup