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The latest update is out from Sims ( (AU:SGM) ).
Sims Limited has been notified of a new substantial holder, Australian Retirement Trust Pty Ltd, which has acquired a 5.004% voting power in the company by holding 9,668,630 fully paid ordinary shares. This acquisition indicates a significant investment interest in Sims Limited by the Australian Retirement Trust, reflecting potential confidence in the company’s future prospects and possibly impacting the company’s market positioning and stakeholder engagements.
More about Sims
YTD Price Performance: 9.32%
Average Trading Volume: 1,297
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.63B
For an in-depth examination of SGM stock, go to TipRanks’ Stock Analysis page.