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    SMR   AU000000SMR4

STANMORE RESOURCES LIMITED

(SMR)
  Report
Delayed Australian Stock Exchange  -  01:10 2022-10-03 am EDT
2.200 AUD   +1.85%
09/29Stanmore Resources Secures FIRB Approval for 20% Stake Acquisition in BHP Mitsui Coal
MT
09/19Stanmore Resources Limited(ASX:SMR) added to S&P Global BMI Index
CI
08/12Australian shares end lower as miners, tech stocks weigh
RE
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Australian shares end lower as miners, tech stocks weigh

08/12/2022 | 03:04am EDT

* ASX records fourth straight weekly gain

* Energy stocks only gainers on ASX

* NZ central bank will stick to 50 bps rate hike - poll

Aug 12 (Reuters) - Australian shares closed lower on Friday as sentiment turned sour due to worries around the U.S. Federal Reserve's rate-hike stance, although the benchmark index recorded its fourth straight weekly gain helped by its 0.24% rise for the week.

The S&P/ASX 200 index closed 0.5% lower at 7,032.5 after jumping more than 1% on Thursday.

Australian equities tracked declines in global markets after a Fed official said that the central bank was open for a possibility of a 75 basis point increase in rates even after the softer-than-expected inflation data in July.

"Fed members are continuing to talk a hawkish game and that has weighed on sentiment for equity traders. But we've reached that stage of the year where price action is choppy and its direction can be fickle" said Matt Simpson, market analyst at City Index.

Miners fell 0.8% as iron ore futures slumped on demand worries in top steel producer China.

Heavyweights BHP and Fortescue lost 0.8% and 0.7%, respectively.

Technology stocks dropped 2%, marking its worst week since June 17. ASX-listed shares of Block Inc dropped 4%.

Energy shares were the only gainers, jumping 2.3%. The sub-index saw its best week since June 10.

Oil and gas major Woodside Energy and Santos advanced 3.7% and 0.8% respectively.

Coal explorer Stanmore Resources soared nearly 11% as it said it would buy the remaining 20% stake in a metallurgical coal venture in Queensland from Japanese trading house Mitsui & Co for $380 million.

In New Zealand, the benchmark S&P/NZX 50 index closed 0.25% lower at 11,730.52.

Looking ahead, investors' focus is on central bank action. A Reuters poll showed the Reserve Bank of New Zealand will stick to hike interest rate by 50 basis point in its most aggressive tightening in over two decades. (Reporting By Navya Mittal in Bengaluru; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.49% 0.64497 Delayed Quote.-11.82%
BHP GROUP LIMITED 0.21% 38.6 Delayed Quote.17.38%
BLOCK, INC. -1.63% 54.99 Delayed Quote.-65.95%
BRITISH POUND / US DOLLAR (GBP/USD) 0.65% 1.12064 Delayed Quote.-17.51%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.24% 0.72719 Delayed Quote.-8.62%
EURO / US DOLLAR (EUR/USD) -0.36% 0.97574 Delayed Quote.-13.87%
FORTESCUE METALS GROUP LIMITED 0.65% 16.93 Delayed Quote.-12.44%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.37% 0.012224 Delayed Quote.-8.63%
LONDON BRENT OIL 0.53% 88.45 Delayed Quote.13.53%
MITSUI & CO., LTD. 0.91% 3117 Delayed Quote.13.42%
NAVYA -5.54% 0.1792 Real-time Quote.-90.79%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.61% 0.56529 Delayed Quote.-18.17%
S&P/ASX 200 -0.27% 6456.9 Real-time Quote.-13.04%
SANTOS LIMITED 1.13% 7.17 Delayed Quote.12.36%
STANMORE RESOURCES LIMITED 1.85% 2.2 Delayed Quote.318.83%
WOODSIDE ENERGY GROUP LTD 1.23% 32.05 Delayed Quote.44.37%
WTI 0.90% 82.869 Delayed Quote.5.74%
All news about STANMORE RESOURCES LIMITED
09/29Stanmore Resources Secures FIRB Approval for 20% Stake Acquisition in BHP Mitsui Coal
MT
09/19Stanmore Resources Limited(ASX:SMR) added to S&P Global B..
CI
08/12Australian shares end lower as miners, tech stocks weigh
RE
08/12Stanmore Resources Limited entered into a share sale agreement to acquire remaining 20%..
CI
08/11Stanmore Resources Swings to H1 Profit on Higher Coal Sales, Prices; Shares Jump 6%
MT
08/11Mitsui & Co. to Sell 20% Stake in Australian Coal Business for US$380 Million
DJ
08/11Stanmore to buy Mitsui's 20% stake in Queensland coal venture for $380 mln
RE
08/11Stanmore Resources to buy Mitsui's 20% stake in BHP JV for $380 million
RE
08/11Stanmore Resources Limited Reports Earnings Results for the Half Year Ended June 30, 20..
CI
07/28Morgans rates SMR as Add
AQ
More news
Financials
Sales 2022 3 242 M 2 089 M 2 089 M
Net income 2022 - - -
Net Debt 2022 971 M 626 M 626 M
P/E ratio 2022 -
Yield 2022 -
Capitalization 1 947 M 1 254 M 1 254 M
EV / Sales 2022 0,90x
EV / Sales 2023 0,57x
Nbr of Employees -
Free-Float 26,7%
Chart STANMORE RESOURCES LIMITED
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Technical analysis trends STANMORE RESOURCES LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 1
Last Close Price 2,16 AUD
Average target price 3,45 AUD
Spread / Average Target 59,6%
EPS Revisions
Managers and Directors
Marcelo Matos Chief Executive Officer & Director
Shane Young Chief Financial Officer
Dwi Prasetyo Suseno Non-Executive Chairman
Leandro Pires General Manager-Operations
Sen Ming Lim Non-Executive Director