South32

What is your opinion on South32? I’m 75 and was thinking of having this in my portfolio.

A: Thanks for the question.

Tony Featherstone covered South32 a few weeks back. So far, he has been right on the money.

I am not rushing into buy S32 (yet,) as I think there will be more pressure on commodity prices (caused by a higher US dollar). Long term, there is probably some value.

The brokers are pretty positive on S32. According to FN Arena, the consensus target price is $2.54 ( a premium 40.5% to its last closing price of $1.805). Sentiment is +1.0 (scale is -1.0 most negative, to +1.0 most positive).

Hope this helps.


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