Sims Metal Management Ltd

9.89
The ASX is currently closed for trading or there is no movement for this stock
Sims Metal Management Limited is engaged in ferrous secondary recycling, non-ferrous secondary recycling, recycling solutions, and secondary processing and other services. Its ferrous secondary recycling product group consists of the collection, processing and trading of iron and steel secondary raw material. Its non-ferrous secondary recycling product group consists of the collection, processing and trading of other metal alloys and residues. Its recycling solution... continued
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Sims Metal Management Ltd
Sims Metal Management Limited is engaged in ferrous secondary recycling, non-ferrous secondary recycling, recycling solutions, and secondary processing and other services. Its ferrous secondary recycling product group consists of the collection, processing and trading of iron and steel secondary raw material. Its non-ferrous secondary recycling product group consists of the collection, processing and trading of other metal alloys and residues. Its recycling solutions product group consists of the provision of environmentally responsible solutions for the disposal of post-consumer electronic products. On November 30, 2012, it sold its Arizona scrap metal recycling assets to SA Recycling LLC (SAR). In December 2012, the Company, through its Sims Recycling Solutions division, had acquired the assets of Genesis Recycling Ltd. In December 2012, the Company, through its Sims Recycling Solutions division, had acquired the assets of Genesis Recycling Ltd.

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Latest SGM news

Weekly Recommendation, Target Price, Earnings Forecast Changes
MAY 13, 2013
Broker Rating Order Company Old Rating New Rating Broker Upgrade 1 AUSDRILL LIMITED Neutral Buy CIMB Securities 2 BORAL LIMITED Sell Neutral JP Morgan 3 COCA-COLA AMATIL LIMITED Neutral Buy JP Morgan 4 DOWNER EDI LIMITED Neutral Buy Credit Suisse 5 FLETCHER BUILDING LIMITED Neutral Buy Credit Suisse 6 JB HI-FI LIMITED Neutral Buy CIMB Securities 7 SONIC HEALTHCARE LIMITED Neutral Buy Deutsche Bank Downgrade 8 ALUMINA LIMITED Neutral Sell JP Morgan 9 AP Eagers Limited Buy Neutral CIMB Securities 10 ARDENT LEISURE GROUP Buy Neutral CIMB Securities 11 BORAL LIMITED Buy Neutral BA-Merrill Lynch 12 CFS RETAIL PROPERTY TRUST Neutral Sell UBS 13 COCA-COLA AMATIL LIMITED Neutral Sell CIMB Securities 14 COCA-COLA AMATIL LIMITED Buy Sell BA-Merrill Lynch 15 DOWNER EDI LIMITED Buy Neutral Macquarie 16 ERM POWER LIMITED Buy Neutral Macquarie 17 FAIRFAX MEDIA LIMITED Neutral Sell JP Morgan 18 GUILDFORD COAL LIMITED (GUF) Buy Neutral UBS 19 INVOCARE LIMITED Buy Neutral JP Morgan 20 LYNAS CORPORATION LIMITED Buy Neutral JP Morgan 21 MACQUARIE ATLAS ROADS GROUP Buy Neutral Macquarie 22 NRW HOLDINGS LIMITED Buy Neutral Deutsche Bank 23 SEEK LIMITED Buy Sell Deutsche Bank 24 SEVEN GROUP HOLDINGS LIMITED Buy Neutral Macquarie 25 SUPER RETAIL GROUP LIMITED Buy Sell CIMB Securities 26 WHK GROUP LIMITED Neutral Neutral UBS 27 WORLEYPARSONS LIMITED Neutral Sell Deutsche Bank   Recommendation Positive Change Covered by > 2 Brokers Order Symbol Previous Rating New Rating Change Recs 1 CLO 67.0% 100.0% 33.0% 3 2 JBH - 38.0% - 13.0% 25.0% 8 3 ALQ - 29.0% - 13.0% 16.0% 8 4 MQG 14.0% 29.0% 15.0% 7 5 ASL 29.0% 43.0% 14.0% 7 6 AZJ 50.0% 63.0% 13.0% 8 7 AGO 50.0% 63.0% 13.0% 8 8 ORI 75.0% 88.0% 13.0% 8 9 AIO 63.0% 75.0% 12.0% 8 10 FBU 13.0% 25.0% 12.0% 8 Negative Change Covered by > 2 Brokers Order Symbol Previous Rating New Rating Change Recs 1 SUL 14.0% - 43.0% - 57.0% 7 2 CCL 13.0% - 25.0% - 38.0% 8 3 ALS - 33.0% - 67.0% - 34.0% 3 4 SDM 67.0% 33.0% - 34.0% 3 5 SEK - 13.0% - 38.0% - 25.0% 8 6 LYC 50.0% 25.0% - 25.0% 4 7 NWH 67.0% 43.0% - 24.0% 7 8 SVW 80.0% 60.0% - 20.0% 5 9 AAD 40.0% 20.0% - 20.0% 5 10 GBG - 20.0% - 40.0% - 20.0% 5   Target Price Positive Change Covered by > 2 Brokers Order Symbol Previous Target New Target Change Recs 1 JBH 12.669 14.773 16.61% 8 2 MQG 36.880 41.437 12.36% 7 3 SUL 11.014 11.569 5.04% 7 4 ALQ 10.027 10.333 3.05% 8 5 AAD 1.520 1.562 2.76% 5 6 SHL 13.561 13.861 2.21% 8 7 CLO 1.373 1.403 2.18% 3 8 FXJ 0.586 0.598 2.05% 8 9 IPL 3.296 3.333 1.12% 8 10 AZJ 4.337 4.381 1.01% 8 Negative Change Covered by > 2 Brokers Order Symbol Previous Target New Target Change Recs 1 GBG 0.244 0.202 - 17.21% 5 2 SDM 1.170 0.970 - 17.09% 3 3 DML 1.125 0.933 - 17.07% 3 4 CCL 14.394 13.183 - 8.41% 8 5 LYC 0.798 0.735 - 7.89% 4 6 SVW 12.546 11.564 - 7.83% 5 7 ASL 2.650 2.464 - 7.02% 7 8 NWH 2.458 2.314 - 5.86% 7 9 ORI 27.651 26.680 - 3.51% 8 10 WOR 26.668 26.185 - 1.81% 8   Earning Forecast Positive Change Covered by > 2 Brokers Order Symbol Previous EF New EF Change Recs 1 FBU 34.978 37.105 6.08% 8 2 FLT 217.325 229.513 5.61% 8 3 MQG 297.400 309.429 4.04% 7 4 CTX 158.686 164.957 3.95% 7 5 JBH 112.710 116.900 3.72% 8 6 FXJ 7.038 7.200 2.30% 8 7 CLO 10.433 10.667 2.24% 3 8 WBC 219.738 223.750 1.83% 8 9 ILU 21.399 21.749 1.64% 8 10 MGR 10.777 10.920 1.33% 6 Negative Change Covered by > 2 Brokers Order Symbol Previous EF New EF Change Recs 1 MAH 1.200 - 0.050 - 104.17% 4 2 SGM 22.757 7.157 - 68.55% 7 3 BLD 14.766 11.368 - 23.01% 8 4 DLS 37.033 29.525 - 20.27% 4 5 AAX 37.620 31.400 - 16.53% 5 6 QAN  
8657623
ALSO MENTIONS
ALS, AWC, AIO, AGO, AAX, BLD
Ford’s rocky road ahead
APR 02, 2013
With the Australian dollar sitting at near record highs, Australian car makers are feeling the pressure, however, the closure of Australian car manufacturing plants  would also prove detrimental to our local steel producers, such as Arrium Limited (ASX: ARI), Bluescope Steel Limited (ASX: BSL), and Sims Metal Management Limited (ASX: SGM). Whilst these companies provide steel for car panels and framework, the closure of Australian car plants would merely be a case of salt being rubbed into their wounds.
8635599
ALSO MENTIONS
ASX, BSL, SGM
Sims' Europe boss leaves the company
MAR 20, 2013
The boss of Sims Metal Management's operations in Europe has left the company, but no reason for his departure has been given.
8629422
ALSO MENTIONS
SGM
+ MORE SGM NEWS
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