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Sims Metal Management Ltd (SGM.AX)

SGM.AX on Australia Stock Exchange

13.45AUD
19 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Sims Metal Management says FY revenue from ordinary activities up 9.1 pct
Thursday, 24 Aug 2017 08:15pm EDT 

Aug 25 (Reuters) - Sims Metal Management Ltd ::FY revenue from ordinary activities $5,089.6 million , up 9.1 percent.FY net attributable $203.6 million versus loss of $216.5 million.2017 final dividend 20.00 cents per security; 100% franked.Special dividend of 10.0 cents per share."Company's target underlying return on capital of 10% in FY18 remains unchanged".  Full Article

Sims Metal Management Ltd appoints Alistair Field as CEO
Thursday, 3 Aug 2017 06:29pm EDT 

Aug 4 (Reuters) - Sims Metal Management Ltd :Alistair Field was appointed as chief executive officer and managing director.Galdino Claro ceased to be chief executive officer and managing director of sims metal management limited.  Full Article

Sims Metal Management Ltd appoints of Amit Patel as acting group CFO
Thursday, 3 Aug 2017 06:25pm EDT 

Aug 4 (Reuters) - Sims Metal Management Ltd :Announces departure of group Chief Financial Officer Fred Knechtel and appointment of Amit Patel as acting group CFO.Company expects FY underlying EBIT to be between $180 million to $185 million.Net cash as of 30 june 2017 is expected to be circa $370 million.  Full Article

Sims Metal Management updates earnings guidance for H1FY17
Wednesday, 18 Jan 2017 06:56pm EST 

Sims Metal Management Ltd : Eearnings guidance update . Expects 1h fy17 underlying ebit to be between $75 million and $79 million . Net cash at 31 december 2016 is expected to be around $300 million. . 1h fy17 statutory earnings are also expected to be higher than underlying, related primarily to a gain on sale of non-core real estate. .Statutory ebit for first half of fy17 is anticipated to be between $95 million and $99 million.  Full Article

Sims Metal Management says FY underlying NPAT of $38 million
Wednesday, 24 Aug 2016 06:28pm EDT 

Sims Metal Management Ltd : Underlying npat of $38 million, representing a diluted EPS of 18.6 cents for FY 2016 . Final dividend of 12.0 cents per share . Sales revenue of $4,652 million in FY 2016 was down 26% compared to FY 2015 . Expect return on capital in FY 2017 to be a step towards our FY 2018 return on capital target of 10% or higher .  Full Article

Sims Metal Management updates on of sale central region assets
Sunday, 14 Aug 2016 08:03pm EDT 

Sims Metal Management Ltd : Sale central region assets . Sale was consistent with net book valuation for assets, with total financial consideration not deemed material to the company .  Full Article

Sims Metal Management says sale of assets in North America Metals, Central Region
Friday, 12 Aug 2016 05:00pm EDT 

Sims Metal Management Ltd : Sale is related principally to selected metals recycling facilities located in Tennessee and Mississippi . Sims metal management announces sale of assets in North America Metals, Central Region .Says sale of certain metals recycling assets in Central Region of North America to Steel Dynamics, Inc..  Full Article

Sims Metal Management provides HY earnings forecast, cautious on near-term outlook
Wednesday, 22 Jun 2016 06:33pm EDT 

Sims Metal Management Ltd : Earnings update . Expects underlying H2 EBIT of FY 2016 to be between $55 to $65 mln . Company remains cautious on the near-term outlook .Improved performance was driven largely by higher Ferrous metal prices and stronger sales volumes.  Full Article

Sims Metal Management says FY 2016 capex expected to be between $100 million to $120 million
Wednesday, 11 May 2016 04:18am EDT 

Sims Metal Management Ltd : Says FY 2016 capex expected to be between $100 million to $120 million . Says on track to deliver double-digit return on capital by FY 2018 . Says FY 2016 exit run-rate for underlying EBIT and return on capital is expected to be $140 million and 6% respectively .  Full Article