Introduction
South32 (SOUHY) (SHTLF) has been one of my favorite commodity companies for a while now and although its share price has quadrupled in the past few years, the company rarely receives the attention it deserves as its operating margins and free cash flow yields remain very high.
Source: Yahoo Finance
South32’s main listing is in Australia and the liquidity is definitely superior on the ASX as the average daily trading volume in Sydney is approximately 21M shares for a dollar-value of A$55M, which is approximately US$38M using the current USD/AUD