SOUTH32 LIMITED - ASX: S32

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ShareShack user name hidden until logged in December 02
I am very bullish on a lot of the mid and large cap mining stocks at present simply due to the good health of their balance sheets and low forward earnings multiples. RIO, FMG, S32, WHC, RRL and CRN are all trading on modest PE’s with modest to no net debt levels and generating very strong cashflows. The whole trade war debate is potentially negative for commodities but despite all that concern, prices have held up reasonable well. We are also in a significantly weaker AUD/USD environment which adds further value to these mining companies and the dividends they are likely to payout. Most of these companies are also diverting capital to share buybacks at present which is a smart move in my opinion and a better move than overcapitalising on acquisitions and development with so much political instability happening around the world right now....Show more
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ShareShack user name hidden until logged in September 02
Commsec's summary of South 32's FY 18 result on 23 August 18:

https://www.youtube.com/watch?v=JWZVlqt05Ac&t=0s&index=16&list=PLNsgYvW7weXoVGZnCA89hC61j3aywPvKt
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ShareShack user name hidden until logged in July 24
South32 (S32) also presents an interesting shorting opportunity in a similar manner to Independence Group (IGO), for similar reasons, with the bearish "cross" of moving averages about to form shortly.

Personal disclosure - short position has been opened in S32 at $3.46/share (23-Jul-2018). Looking for initial target of $3.05, longer term $2.50.
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ShareShack user name hidden until logged in June 25
Here's the list of volume spike trades of interest in today's scan (for trading day ending 25-Jun-2018):

AMA, AVN, CCP, CCV, CLQ, GCS, GTY, HSN, KMD, LI3, LSF, MOC, MTS, NTI, RHC, S32, WBT

I suspect that we'll continue to see an increase in the size of this list as we approach the end of the financial year and a lot of institutions are cleaning up their books (thus, increased volume in the markets overall).
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