Last $10.35 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

sims metal management ltd (SMUPF) Snapshot

Open
$10.33
Previous Close
$10.35
Day High
$10.35
Day Low
$10.33
52 Week High
07/24/14 - $10.35
52 Week Low
08/13/13 - $8.49
Market Cap
2.1B
Average Volume 10 Days
377.5
EPS TTM
--
Shares Outstanding
204.6M
EX-Date
02/13/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SIMS METAL MANAGEMENT LTD (SMUPF)

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sims metal management ltd (SMUPF) Details

Sims Metal Management Limited recycles metals, electronics, and household recyclables in North America, Australasia, and Europe. It is engaged in buying, processing, and trading ferrous and non-ferrous recycled metals, including iron and steel secondary raw materials, and other metal alloys and residues comprising aluminum, lead, copper, zinc, and nickel bearing materials; common metal-based products metal, such as cars, aluminum cans, steel beams, and fridges; and large metal-based items, which include submarines and airplanes. The company sells recycled metal to end users, such as electric arc furnace mills, integrated steel mills, foundries, and brokers. It is also involved in the provision of environmentally responsible solutions for the disposal of electrical and electronic equipment and materials, and post-consumer electronic products, including computers, televisions, mobile phones, iPods, and gaming consoles recycled for commercial customers. In addition, the company recycles curbside metal, glass, and plastic materials for municipalities. Further, it offers secondary processing and other services comprising value-added processes involving the melting, refining, and ingoting of certain non-ferrous metals. The company was formerly known as Sims Group Limited and changed its name to Sims Metal Management Limited in November 2008. Sims Metal Management Limited was incorporated in 2005 and is based in Botany, Australia.

Founded in 2005

sims metal management ltd (SMUPF) Top Compensated Officers

Group Chief Financial Officer and Member of D...
Total Annual Compensation: A$666.9K
President of North America Metals
Total Annual Compensation: A$825.9K
Managing Director of Simsmetal Australia & Ne...
Total Annual Compensation: A$983.2K
Compensation as of Fiscal Year 2013.

sims metal management ltd (SMUPF) Key Developments

Sims Metal Management Seeks To Sell Assets

Sims Metal Management Limited (ASX:SGM) is planning to sell assets. Galdino Claro, Chief Executive Officer of Sims Metal Management, plans to quadruple the operating earnings by cutting costs and selling assets.

Sims Metal Management Limited - Special Call

To discuss the findings of a recent strategic review

Sims Metal Management Announces SRS Restructuring Initiatives

Sims Metal Management Limited announced restructuring initiatives designed to reset and streamline the Sims Recycling Solutions business as part of a Group strategic review currently being undertaken. The review has determined certain loss making assets to be outside of the strategic long-term interests of the company. These operations include a substantial portion of SRS in the UK and all of SRS in Canada. Legislation and market dynamics in the UK and Canada have resulted in these businesses being commercially unattractive to the company going forward. The company will redirect its capital and resources instead to other portions of the global businesses that are more attractive as it continues to develop its platform for SRS customer relationships worldwide. The company’s UK Metals operations, fridge recycling and IT asset management solutions are core and therefore not impacted by the restructuring activities. SRS operations outside of the UK and Canada are also core and therefore not impacted by the restructuring activities. The company expects to recognise restructuring charges of circa $80 to $85 million of which the non-cash portion relates primarily to fixed asset impairment and is circa $35 million. The restructuring charges will be recorded as significant items in the company’s second half results of fiscal year 2014. In addition to the restructuring activities, the company is currently engaged in its annual impairment measurement process, and expects to impair goodwill in regard to SRS in an amount ranging from $20 to $30 million.

 

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