Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James,
With regard to S32 with them doing a buyback . When will this finish and will it be a buy?
Cheers
Craig B
Hi Craig,
The buyback by S32 has already been extended by $US250mn p.a. and we feel this can be ongoing while commodity prices remain elevated. In our opinion the stocks now a good valuation and yield play with accumulation in the $3.25-3.45 area looking attractive.
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