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Highlights
- Sims Limited has sold surplus land for AU$46 million.
- The 8.2 acres of land is located in New Jersey.
- Sims shared 85% of the proceeds will be received in December 2022 and rest of the amount will be received before 2023.
Materials giant, Sims Limited (ASX:SGM), on 19 December 2022, announced that it has sold 8.2 acres of land, located in New Jersey, for US$31.5 million (approximately AU$46 million).
Post the announcement, the shares of the company were trading strong on the ASX. The shares were spotted trading 1.221% higher at AU$13.260 apiece at 1:24 PM AEDT on the ASX.
Key takeaways from Sims’ announcement made today:
Recent share price performance of Sims Limited:
During the past five trading days on the ASX, Sims shares have shed 3.49%. In the last one month, the shares have gained 8.16% on the ASX. During the last six months of trade on the ASX, the shares have lost 8.36% and in the last one year of trading, Sims shares have lost 15.92% on the ASX. On a year-to-date basis, the shares of Sims have tumbled 20.88%. Looking at a broader picture, in the last five years of trade, Sims shares have lost 15.54% on the ASX (as of 1:20 PM AEDT, 19 December 2022).
