Latest news with #SimsLimited
Yahoo
31-07-2025
- Business
- Yahoo
Sims Limited and Alter Steel Collaborate to Help Grow Queensland's Clean Steel Industry
SYDNEY, July 30, 2025--(BUSINESS WIRE)--Sims Limited ("Sims") and Equest Steel Pty Ltd, trading as Alter Steel ("Alter"), today announced they have entered into a non-binding Memorandum of Understanding (MOU), to establish a scrap supply and services agreement supporting Alter's proposed electric arc furnace (EAF) planned for Pinkenba, Queensland in 2028. Under the terms of the MOU, it is proposed that Sims would exclusively supply up to 550,000 tonnes of ferrous scrap annually, manage Alter Steel's scrap inventory on a just-in-time basis, and provide access to port and rail infrastructure via the staged development of Sims' Pinkenba site. Sims' Pinkenba site is located approximately 1km from the location of Alter's proposed EAF on Tingira Street. The parties will use the MOU as the framework for negotiating a binding agreement. With growing pressure to cut emissions and reduce reliance on imports, Alter Steel is investing over $750 million to build a new steel mill at Pinkenba. The facility plans to turn local scrap into 500,000 tonnes of reinforcing steel each year, keeping manufacturing in Australia and supplying Queensland and national projects with lower carbon material. Alter Steel's Pinkenba mill is expected to create over 600 construction jobs and more than 220 permanent skilled positions across steelmaking, trades, engineering and logistics once operational. The company has recently achieved several key milestones, including conditional development approval for the site and a supplier agreement with global technology and equipment partner Danieli. Sims' Pinkenba investment represents a significant development for its Australia and New Zealand operations and strategy. Plans are focused on the staged development of the site into a world-class strategic logistics and metal recycling hub. The site will enable more efficient scrap movement by significantly transitioning from road-based transport to shipping and potentially rail. This transformation is expected to unlock substantial operational efficiencies while also supporting the future feedstock needs of Alter Steel as well as other steelmakers in Australia and New Zealand, continuing to position Sims as a leading supplier of high-quality recycled raw materials. "This collaboration with Sims completes the supply chain to deliver the cleanest steel in Australia, right here in Queensland," said Grant Johnston, Managing Director of Alter Steel. "Sims is a global leader in metal recycling, and we're proud to have them alongside us on this project. Together, we'll transform local scrap into high value steel, cut emissions, and keep manufacturing onshore. Construction is planned to commence in 2026, with operations beginning in 2028. This project positions Queensland at the forefront of Australia's low carbon steel industry." Stephen Mikkelsen, chief executive officer and managing director of Sims, commented: "This MOU represents a strategic milestone for Sims. It reinforces our position as a key partner to Australia and New Zealand's growing domestic steel sector. The MOU provides a potential pathway to long-term volume certainty for both parties, supported by efficient logistics through the Pinkenba hub. It also builds on our core strengths of providing responsible, sustainable operations, scale, material quality, technology, and diverse scrap sourcing, supported by a network of collection sites with access to a wide range of transport options. We are very excited to work with Alter, supporting their ambitions in manufacturing low-emission steel." About Alter Steel Alter Steel is backed by Westview Group, a privately owned Australian industrial group employing over 750 staff across steel, technology and manufacturing. Alter's proposed Electric Arc Furnace at Pinkenba is expected to see an investment of more than $750 million in Queensland and would produce up to 500,000 tonnes per annum of high-quality, low emissions reinforcing steel once operational. This reinforcing steel would be supplied as a lower carbon option to the construction sector across Queensland and Australia for the building of new infrastructure like roads, buildings and sports stadiums. It is anticipated that the project would create approximately 600 jobs during construction and more than 220 permanent high-skilled positions once operational. Head Office: 3 Marco Polo Drive, Mandurah WA 6210. About Sims Limited Founded in Australia in 1917, Sims Limited is a global leader in metal recycling and the provision of circular solutions for technology. Employing approximately 4,100 employees globally, the company operates more than 150 facilities across 13 countries. Sims Limited plays a vital role in helping increase circularity and decarbonisation by supplying recycled materials and re-purposed products. The company's ordinary shares are listed on the Australian Securities Exchange (ASX: SGM), and its American Depositary Shares are quoted on the Over-the-Counter market in the United States (USOTC: SMSMY). The Company's purpose, create a world without waste to preserve our planet, is what drives its constant innovation and leadership in the circular economy. For more information, visit Head Office: Level 9, 189 O'Riordan Street, Mascot, NSW, Australia 2020 View source version on Contacts Sims LimitedInvestor RelationsAna MeteloDirector, Investor Relations Media RelationsStephanie GlueGlobal Head of Corporate and Government Alter SteelMediaAaron JohnstonGroup Marketing Manageraaronj@
Associated Press
31-07-2025
- Business
- Associated Press
Sims Limited and Alter Steel Collaborate to Help Grow Queensland's Clean Steel Industry
SYDNEY--(BUSINESS WIRE)--Jul 30, 2025-- Sims Limited ('Sims') and Equest Steel Pty Ltd, trading as Alter Steel ('Alter'), today announced they have entered into a non-binding Memorandum of Understanding (MOU), to establish a scrap supply and services agreement supporting Alter's proposed electric arc furnace (EAF) planned for Pinkenba, Queensland in 2028. Under the terms of the MOU, it is proposed that Sims would exclusively supply up to 550,000 tonnes of ferrous scrap annually, manage Alter Steel's scrap inventory on a just-in-time basis, and provide access to port and rail infrastructure via the staged development of Sims' Pinkenba site. Sims' Pinkenba site is located approximately 1km from the location of Alter's proposed EAF on Tingira Street. The parties will use the MOU as the framework for negotiating a binding agreement. With growing pressure to cut emissions and reduce reliance on imports, Alter Steel is investing over $750 million to build a new steel mill at Pinkenba. The facility plans to turn local scrap into 500,000 tonnes of reinforcing steel each year, keeping manufacturing in Australia and supplying Queensland and national projects with lower carbon material. Alter Steel's Pinkenba mill is expected to create over 600 construction jobs and more than 220 permanent skilled positions across steelmaking, trades, engineering and logistics once operational. The company has recently achieved several key milestones, including conditional development approval for the site and a supplier agreement with global technology and equipment partner Danieli. Sims' Pinkenba investment represents a significant development for its Australia and New Zealand operations and strategy. Plans are focused on the staged development of the site into a world-class strategic logistics and metal recycling hub. The site will enable more efficient scrap movement by significantly transitioning from road-based transport to shipping and potentially rail. This transformation is expected to unlock substantial operational efficiencies while also supporting the future feedstock needs of Alter Steel as well as other steelmakers in Australia and New Zealand, continuing to position Sims as a leading supplier of high-quality recycled raw materials. 'This collaboration with Sims completes the supply chain to deliver the cleanest steel in Australia, right here in Queensland,' said Grant Johnston, Managing Director of Alter Steel. 'Sims is a global leader in metal recycling, and we're proud to have them alongside us on this project. Together, we'll transform local scrap into high value steel, cut emissions, and keep manufacturing onshore. Construction is planned to commence in 2026, with operations beginning in 2028. This project positions Queensland at the forefront of Australia's low carbon steel industry.' Stephen Mikkelsen, chief executive officer and managing director of Sims, commented: 'This MOU represents a strategic milestone for Sims. It reinforces our position as a key partner to Australia and New Zealand's growing domestic steel sector. The MOU provides a potential pathway to long-term volume certainty for both parties, supported by efficient logistics through the Pinkenba hub. It also builds on our core strengths of providing responsible, sustainable operations, scale, material quality, technology, and diverse scrap sourcing, supported by a network of collection sites with access to a wide range of transport options. We are very excited to work with Alter, supporting their ambitions in manufacturing low-emission steel.' About Alter Steel Alter Steel is backed by Westview Group, a privately owned Australian industrial group employing over 750 staff across steel, technology and manufacturing. Alter's proposed Electric Arc Furnace at Pinkenba is expected to see an investment of more than $750 million in Queensland and would produce up to 500,000 tonnes per annum of high-quality, low emissions reinforcing steel once operational. This reinforcing steel would be supplied as a lower carbon option to the construction sector across Queensland and Australia for the building of new infrastructure like roads, buildings and sports stadiums. It is anticipated that the project would create approximately 600 jobs during construction and more than 220 permanent high-skilled positions once operational. Head Office: 3 Marco Polo Drive, Mandurah WA 6210. About Sims Limited Founded in Australia in 1917, Sims Limited is a global leader in metal recycling and the provision of circular solutions for technology. Employing approximately 4,100 employees globally, the company operates more than 150 facilities across 13 countries. Sims Limited plays a vital role in helping increase circularity and decarbonisation by supplying recycled materials and re-purposed products. The company's ordinary shares are listed on the Australian Securities Exchange (ASX: SGM), and its American Depositary Shares are quoted on the Over-the-Counter market in the United States (USOTC: SMSMY). The Company's purpose, create a world without waste to preserve our planet, is what drives its constant innovation and leadership in the circular economy. For more information, visit Head Office: Level 9, 189 O'Riordan Street, Mascot, NSW, Australia 2020 View source version on CONTACT: Sims Limited Investor Relations Ana Metelo Director, Investor Relations and Sustainability [email protected] Media Relations Stephanie Glue Global Head of Corporate and Government Affairs [email protected] Alter Steel Media Aaron Johnston Group Marketing Manager [email protected] KEYWORD: AUSTRALIA/OCEANIA NEW ZEALAND AUSTRALIA INDUSTRY KEYWORD: RECYCLING ENVIRONMENT MANUFACTURING SUSTAINABILITY GREEN TECHNOLOGY OTHER MANUFACTURING STEEL SOURCE: Sims Limited Copyright Business Wire 2025. PUB: 07/30/2025 07:26 PM/DISC: 07/30/2025 07:26 PM
Yahoo
23-06-2025
- Business
- Yahoo
With 50% ownership, Sims Limited (ASX:SGM) has piqued the interest of institutional investors
Given the large stake in the stock by institutions, Sims' stock price might be vulnerable to their trading decisions A total of 6 investors have a majority stake in the company with 53% ownership Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. To get a sense of who is truly in control of Sims Limited (ASX:SGM), it is important to understand the ownership structure of the business. With 50% stake, institutions possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's take a closer look to see what the different types of shareholders can tell us about Sims. Check out our latest analysis for Sims Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in Sims. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Sims' historic earnings and revenue below, but keep in mind there's always more to the story. We note that hedge funds don't have a meaningful investment in Sims. Looking at our data, we can see that the largest shareholder is Mitsui & Co., Ltd. with 17% of shares outstanding. Orbis Investment Management Limited is the second largest shareholder owning 15% of common stock, and Yarra Funds Management Limited holds about 6.2% of the company stock. We did some more digging and found that 6 of the top shareholders account for roughly 53% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own less than 1% of Sims Limited. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around AU$8.8m worth of shares (at current prices). Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling. The general public, who are usually individual investors, hold a 33% stake in Sims. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. It appears to us that public companies own 17% of Sims. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow, for free. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-04-2025
- Business
- Yahoo
Investors in Sims (ASX:SGM) have seen splendid returns of 127% over the past five years
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying the right stocks can give your wealth a significant boost. For example, the Sims Limited (ASX:SGM) share price is up 99% in the last 5 years, clearly besting the market return of around 41% (ignoring dividends). On the other hand, the more recent gains haven't been so impressive, with shareholders gaining just 10%, including dividends. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). We know that Sims has been profitable in the past. On the other hand, it reported a trailing twelve months loss, suggesting it isn't reliably profitable. So we might find other metrics can better explain the share price movements. The modest 1.5% dividend yield is unlikely to be propping up the share price. In contrast revenue growth of 7.3% per year is probably viewed as evidence that Sims is growing, a real positive. In that case, the company may be sacrificing current earnings per share to drive growth. The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image). Sims is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. Given we have quite a good number of analyst forecasts, it might be well worth checking out this free chart depicting consensus estimates . It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Sims the TSR over the last 5 years was 127%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return. We're pleased to report that Sims shareholders have received a total shareholder return of 10% over one year. And that does include the dividend. However, the TSR over five years, coming in at 18% per year, is even more impressive. Potential buyers might understandably feel they've missed the opportunity, but it's always possible business is still firing on all cylinders. Before spending more time on Sims it might be wise to click here to see if insiders have been buying or selling shares. But note: Sims may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
