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  1. Near-Term Headwinds Stymie Growth for Sims Metal Management ; Long-Term Guidance Appears Lofty


    Fri, 8 May 2015

    Based on its third-quarter trading update, Sims Metal Management is unlikely to report improved results in the second half of 2015. The update indicates that the steep decline in iron ore prices

  2. Sims Issues Encouraging 1H Results but Long-Term EBIT Target Appears Lofty; FVE Unchanged


    Fri, 13 Feb 2015

    Sims Metal Management reported strong results in the first half of fiscal 2015. In large part, the company's improved performance can be attributed

  3. Due to Our Lower Ferrous Scrap Price Forecasts, We've Reduced Our FVE for Sims to AUD 11


    Thu, 13 Nov 2014

    earnings growth through our explicit forecast period. We now assign a fair value estimate of AUD 11 per share to Sims Metal Management , a modest reduction from our previous estimate of AUD 12 per share. Our no-moat rating remains intact.

  4. Sims Metal Management Delivers Middling Second-Half 2014 Results


    Fri, 22 Aug 2014

    To close out its 2014 fiscal year, Sims Metal Management issued results that revealed a stark contrast between its operations in North America and the rest of its global operations. Operating

  5. Sims Metal Management Will Benefit From Increased Scrap Availability; FVE Decreased to AUD 11


    Thu, 15 May 2014

    In transferring coverage of Sims Metal Management and reassessing our assumptions, we have lowered ..... Guinea. Because of its $1.6 billion acquisition of Metal Management , the company derives the largest share of its revenue

  6. Sims' First-Half Earnings Reveal Progress, but Operating Headwinds Remain; Decreasing FVE to AUD 13


    Mon, 17 Feb 2014

    After Sims Metal Management was unprofitable in both 2012 and 2013, the company’s 2014 first-half earnings result seems to indicate that the worst is

  7. Sims Metal Management Welcomes New CEO Claro in Hopes of Restoring Profitability


    Tue, 26 Nov 2013

    After two disappointing fiscal years during which Sims Metal Management lost more than AUD 1 billion in net income, the board recently announced the hiring of Galdino Claro as CEO. He replaces Daniel

  8. Despite Operational Cost Savings, Material Earnings Growth Still Unlikely in Near Term for Sims


    Mon, 26 Aug 2013

    In closing out the fourth quarter of its 2013 fiscal year, Sims Metal Management offered mixed results. Although Sims missed relative to our expectations on both the top and bottom line, investors were encouraged

  9. Sims Metal is Turning More Optimistic but We Maintain a Cautious Outlook


    Fri, 22 Feb 2013

    Constrained scrap flows, tight metal margins, and periods of illiquid trading conditions continued to plague Sims Metal Management SGM in fiscal first half 2013. This is particularly true in its primary North American market where we have seen

  10. Sims Metal Management Sees No Improvement in Market Conditions Yet for Fiscal 2013


    Thu, 15 Nov 2012

    Sims Metal Management SGM provided an outlook for the first half of fiscal 2013 during its annual meeting today. Previously announced restructuring

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