AUS
NZ
UK
CA
USA
IND
Additional Disclosure of North America Metals Financial Reporting Segment: Sims Metal Management Ltd.’s (ASX:SGM) stock fell 0.44% on July 17, 2018 after the company enhanced its financial disclosure that will provide greater financial transparency of the equity accounted results for SA Recycling LLC (SAR). Currently, SAR operates 73 facilities across North America, specifically California, Texas, Arizona, Nevada, Georgia, Alabama and Tennessee. SAR’s core business is ferrous and non-ferrous metal recycling, servicing US domestic and international customers. The 50% investment made in SAR, is held through one of the Company’s subsidiaries, which are disaggregated from the historical North America Metals operating segment for market disclosure. The two new segments will be referred to as North America Metals and Investment in SA Recycling. The operating segments disclosure changes will be applied in the fiscal year ending 30 June 2018 and thereafter. Meanwhile, SGM stock has risen 5.58% in three months as on July 16, 2018 and is trading at a P/E of 14.70x.
[pluginops_form template_id='23834' ]The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
