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Sims ( (AU:SGM) ) just unveiled an announcement.
Sims Limited has announced a change in the substantial holding of its shares by Allan Gray Australia Pty Ltd, a major investment manager. The voting power of Allan Gray Australia has decreased from 18.65% to 17.64%, indicating a reduction in their stake in Sims Limited. This change may impact the company’s shareholder dynamics and influence in the market, potentially affecting its strategic decisions and stakeholder interests.
More about Sims
Sims Limited operates in the recycling and waste management industry, focusing on metal and electronics recycling services. The company is a significant player in the global recycling market, providing sustainable solutions for resource recovery.
YTD Price Performance: 18.31%
Average Trading Volume: 1,297
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.74B
See more insights into SGM stock on TipRanks’ Stock Analysis page.