South32 faces earnings slide, growing pains hit

Original article by Peter Ker
The Australian Financial Review – Page: 15 : 22-Jun-15

Shares in BHP Billiton spinoff South32 fell by $A0.07 to close at $A1.96 on 19 June 2015, at the stock’s lowest level since its sharemarket debut in mid-May. Sentiment toward South32 has been hit by a slump in the prices of the commodities that it produces, with the spot price of copper falling to its lowest level since 2008. Some observers argue that many of the benefits arising from the demerger – for both South32 and BHP – may not be realised for a number of years.

CORPORATES
SOUTH32 LIMITED – ASX S32, BHP BILLITON LIMITED – ASX BHP, SHAW STOCKBROKING LIMITED, BLUESCOPE STEEL LIMITED – ASX BSL, LIBERUM CAPITAL LIMITED, ABERDEEN ASSET MANAGEMENT LIMITED, RIO TINTO LIMITED – ASX RIO

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