{"id":54779,"date":"2014-07-24T03:12:23","date_gmt":"2014-07-24T07:12:23","guid":{"rendered":"http:\/\/countingpips.com\/?p=54779"},"modified":"2014-07-24T03:12:23","modified_gmt":"2014-07-24T07:12:23","slug":"why-the-sims-metal-management-share-price-soared-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/07\/why-the-sims-metal-management-share-price-soared-today\/","title":{"rendered":"Why the Sims Metal Management Share Price Soared Today"},"content":{"rendered":"
July 24, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to Sims Metal\u2019s Share Price?<\/h2>\n

Shares in metals and electronics recycler Sims Metal Management Ltd [ASX:SGM]<\/strong> have been on a tear the past few days. The stock gained nearly 3% today, outpacing a neutral Australian stock market, after putting on nearly 6% yesterday. These gains have pushed Sims shares to a two-year high.<\/p>\n

Why Did This Happen to SGM Shares?<\/h2>\n

Yesterday morning, Sims announced a five year strategic plan to boost earnings by up to 350%. The company expects to achieve this through further cost cutting and by exiting loss-making operations. Sims does not expect to have to take any significant restructuring charges beyond what the company has already announced.<\/p>\n

Investors are giving a big tick to the company\u2019s ideas and are bidding up the shares at a rapid rate.<\/p>\n

What Now For Sims Metal Management Ltd?<\/h2>\n

Sims has built scale through a long history of acquisitions, but the jury has been out on whether the company has extracted full value from these deals. This week\u2019s news gives investors a roadmap to capturing that value and more. The ride for investors in Sims Metal Management should be interesting as its new strategic plan unfolds.<\/p>\n

Cheers, Tim Dohrmann<\/strong>+<\/strong><\/a>
\nSmall-Cap Analyst, Australian Small-Cap Investigator<\/em><\/strong>
\nJoin Money Morning on Google+ <\/span><\/a><\/strong><\/p>

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The post Why the Sims Metal Management Share Price Soared Today<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

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\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to Sims Metal\u2019s Share Price? Shares in metals and electronics recycler Sims Metal Management Ltd [ASX:SGM] have been on a tear the past few days. The stock gained nearly 3% today, outpacing a neutral Australian stock market, after putting on nearly 6% yesterday. These gains have pushed Sims shares to a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-54779","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/54779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=54779"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/54779\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=54779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=54779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=54779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}