Sims Metal Management: A simple strategy to revitalise earnings

Perpetual Equity Investment Company

Perpetual Asset Management (Australia)

Sims Metal Management: A simple strategy to revitalise earnings. Sims Metal Management is the world's largest metals and electronics recycler with operations in Australasia, North America and Europe. Over recent years, Sims has come under pressure from challenging market conditions, falling margins and poor capital management. Following the introduction of a new management team and corporate strategy, we believe the pieces are now in place to restore profitability back to the business. Under direction of the new CEO, Galdino Claro, management have formulated a simple five-year strategy to revitalise earnings. While management forecasts are optimistic, we believe they are achievable. The simplicity of Sims' corporate strategy heightens our conviction. Success is not reliant on any major growth assumptions, M&A activity or economic recovery. While market conditions are expected to remain subdued over the near term, we believe Sims will generate significant value and earnings improvements over the intermediate term. Read the full Snapshot here: (VIEW LINK)


Perpetual Equity Investment Company
Perpetual Asset Management (Australia)

The Perpetual Equity Investment Company Limited is an ASX listed investment company offering investors access to a portfolio of predominantly high quality Australian and global listed securities, selected by Perpetual Investment Management Limited.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.