Nice breakout $SGM #SGM. Consolidation, good washout and retestGood consolidation period for $SGM, good washout and retest.
Steel price remains strong. I am hoping for a better than expected result in Feb 2022. I currently hold a long position.
0.76AUD
181.10 MAUD
8.06 BAUD
157.94 M
About SIMS LIMITED
Sector
Industry
CEO
Stephen Mikkelsen
Website
Headquarters
Mascot
Employees (FY)
4.31 K
Founded
2005
ISIN
AU000000SGM7
FIGI
BBG000BSRH17
Sims Ltd. engages in the recycling of metal and electronics. It operates through the following segments: North America Metals (NAM), Australia, New Zealand Metals (ANZ), UK Metal (UK), Global Trading, Investment in SA Recycling (SAR), Sims Lifecycle Services (SLS), and Unallocated. The NAM segment consists of subsidiaries and joint ventures in the U.S. and Canada, which perform ferrous and non-ferrous secondary recycling functions. The ANZ segment includes subsidiaries and joint arrangements in Australia, New Zealand, and Papua New Guinea, which perform ferrous and non-ferrous secondary recycling functions. The UK segment consists of subsidiaries in the United Kingdom, which perform ferrous and non-ferrous secondary recycling functions. The Global Trading segment consists of the group’s ferrous and non-ferrous marketing subsidiaries that coordinate sales of ferrous bulk cargo shipments, non-ferrous sales into primarily China and Southeast Asia, and brokerage sales on behalf of third and related parties. The SAR segment consists of the group’s share of results from its investment in the SA Recycling joint venture. The SLS segment consists of subsidiaries, which provide electronic recycling solutions in the following countries: Australia, Germany, India, Ireland, Netherlands, New Zealand, Poland, Singapore, the United Kingdom, and the United States of America. The Unallocated segment contains unallocated corporate costs, interests in a joint venture in Australia, Sims Municipal Recycling, and Global Sustainability Insurance Corporation. The company was founded by Albert George Sims in 1917 and is headquartered in Mascot, Australia.
SGM looking to continue its positive momentumSGM Looking to either retest the lower trend line or push back up past Jan highs to resume upward momentum. Looking for a nice entry in the red circle if we see a retest.
Entry: 13.52 - 14.28
Stop: 12.26
Target: 15.68
Timeframe: 1-3 weeks
SGM.ASX_LongENTRY: 13.30
TP: 14.63
SL: 12.67
- ADX>25
- RSI>70
- MAs are aligned
- FFI and RSI +ve
- Break-up with good volume
rising wedge formingwhat a run I followed this thing from $10.50 but I think we're going to come back to the black channel for support soon
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Frequently Asked Questions
The current price of SGM is 11.73 AUD — it has decreased by 2.33% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on ASX exchange SIMS LIMITED stocks are traded under the ticker SGM.
SIMS LIMITED is going to release the next earnings report on Aug 12, 2024. Keep track of upcoming events with our Earnings Calendar.
SGM stock is 3.18% volatile and has beta coefficient of 1.05. Check out the list of the most volatile stocks — is SIMS LIMITED there?
One year price forecast for SIMS LIMITED has a max estimate of 16.00 AUD and a min estimate of 11.00 AUD.
SGM earnings for the last quarter are 0.53 AUD per share, whereas the estimation was 0.54 AUD resulting in a −2.37% surprise. The estimated earnings for the next quarter are 0.16 AUD per share. See more details about SIMS LIMITED earnings.
SIMS LIMITED revenue for the last quarter amounts to 4.23 B AUD despite the estimated figure of 4.24 B AUD. In the next quarter revenue is expected to reach 3.97 B AUD.
Yes, you can track SIMS LIMITED financials in yearly and quarterly reports right on TradingView.
SGM stock has fallen by 4.87% compared to the previous week, the month change is a 1.01% fall, over the last year SIMS LIMITED has showed a 29.12% decrease.
SGM net income for the last quarter is 65.80 M AUD, while the quarter before that showed 80.10 M AUD of net income which accounts for −17.85% change. Track more SIMS LIMITED financial stats to get the full picture.
Today SIMS LIMITED has the market capitalization of 2.32 B, it has increased by 0.16% over the last week.
SIMS LIMITED dividend yield was 2.22% in 2023, and payout ratio reached 37.36%. The year before the numbers were 6.64% and 30.02% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, SGM shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade SIMS LIMITED stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 19, 2024, the company has 4.31 K employees. See our rating of the largest employees — is SIMS LIMITED on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So SIMS LIMITED technincal analysis shows the strong sell today, and its 1 week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating SIMS LIMITED stock shows the strong sell signal. See more of SIMS LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on SIMS LIMITED future price: according to them, SGM price has a max estimate of 16.00 AUD and a min estimate of 11.00 AUD. Read a more detailed SIMS LIMITED forecast: see what analysts think of SIMS LIMITED and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. SIMS LIMITED EBITDA is 177.90 M AUD, and current EBITDA margin is 2.52%. See more stats in SIMS LIMITED financial statements.