Shares in the S&P/ASX 200 Index (ASX: XJO) metal and electronics recycler closed yesterday trading for $20.17. During the Thursday lunch hour, shares are changing hands for $19.93 apiece, down 1.2%.

For some context, the ASX 200 is down 0.3% at this same time.

Taking a step back, Sim shares have strongly outperformed over the past year. Shares in the ASX 200 industrial stock have gained 45% in 12 months, racing ahead of the 15.4% one-year gains posted by the benchmark index.

And that doesn't include the two fully-franked dividends the company paid eligible stockholders over this time. Sims stock trades on a fully-franked trailing dividend yield of 1.4%.

And looking to the months ahead, Shaw and Partners' Jed Richards expects the stock is well-placed to deliver more outperformance (courtesy of The Bull).

Here's why.

Should you buy Sims shares today?

"Sims offers exposure to long term stronger and sustainable commodity themes through its global metals recycling operations, particularly in Europe," said Richards, citing the first reason you might want to buy Sims shares today.

As for the second reason, Richards noted, "Demand for recycled inputs, such as lithium, copper and gold, continue to grow as electrification and decarbonisation trends advance."

Richards concluded:

The business provides leverage to improving industrial activity, although earnings can be volatile given commodity price swings and cyclical end markets.

In our view, the strategic positioning justifies a buy despite near term volatility.

The (slightly less) bullish case for the ASX 200 industrial stock

DP Wealth Advisory's Andrew Wielandt also ran his slide rule over Sims shares on The Bull this week.

"Sims is a global metals and electronics recycler providing exposure to North America, the United Kingdom, Australia and New Zealand," said Wielandt, who has a hold recommendation on the ASX 200 stock following the strong run higher in its share price.

According to Wielandt:

The outlook for Sims is encouraging in response to the company upgrading full year earnings guidance. Impressive share price gains in the past 12 months leaves SGM a hold for now and a potential buy on further weakness. The stock has risen from $12.51 on April 9, 2025 to trade at $20.62 on April 9, 2026.

What's the latest on Sims shares?

As Wielandt mentioned above, on 18 March, Sims announced that it expects full-year FY 2026 underlying earnings before income on tax (EBIT) to be in the range of $350 million to $400 million.

That's a big leg up from FY 2025 underlying EBIT of $175 million.

Sims shares closed up 9.9% on the day of the announcement.

The post Up 45% in a year, 3 reasons to buy Sims shares today appeared first on The Motley Fool Australia.

But one leading broker is urging investors to stay away from them right now and put their money elsewhere.

Let's see what Shaw and Partners is saying about Australia's largest bank, courtesy of The Bull.

What is the broker saying about CBA shares?

Shaw and Partners concedes that CBA is a high-quality ASX bank share. However, it has concerns over its valuation. The broker notes that given the premium CBA shares trade on, there is little room for error.

In light of this, its analysts think investors should be selling the bank's shares at present and focus on better value options elsewhere in the sector. The broker explains:

The CBA remains a high quality banking operation, but its valuation is increasingly difficult to justify. The stock trades at a significant premium to global peers despite a mature domestic banking market and limited growth potential, in my view.

While earnings remain stable, we see better value elsewhere in the sector. We believe the current share price leaves little margin for error, supporting a sell recommendation on valuation grounds. The shares have risen from $158.74 on February 10 to trade at $181.65 on April 9.

What should you buy instead of CBA?

One ASX share that Shaw and Partners is tipping as a buy this week is Sims Ltd (ASX: SGM). It is a global leader in metal recycling and the provision of circular solutions for technology.

The broker believes that Sims provides investors with long term stronger and sustainable commodity themes. It highlights that demand for recycled inputs, such as lithium, copper and gold, is growing strongly amid the electrification and decarbonisation megatrends.

And while it acknowledges that Sims' shares can be volatile, it thinks it is worth sticking with them over the long term. It said:

Sims offers exposure to long term stronger and sustainable commodity themes through its global metals recycling operations, particularly in Europe. Demand for recycled inputs, such as lithium, copper and gold, continue to grow as electrification and decarbonisation trends advance.

The business provides leverage to improving industrial activity, although earnings can be volatile given commodity price swings and cyclical end markets. In our view, the strategic positioning justifies a buy despite near term volatility.

The post Forget CBA shares and buy this ASX 200 stock: Shaw & Partners appeared first on The Motley Fool Australia.

What did Sims Group report?

• SLS contributed approximately 40% of Sims Group's underlying EBIT in H1 FY26 (A$49 million out of A$121.1 million)
• Group underlying EBIT rose to A$121.1 million in H1 FY26, up from A$73.0 million in H1 FY25
• FY26 SLS underlying EBIT is forecast in the range of A$165–185 million
• FY26 Memory GB Sold forecast is 65–70 million, using new volume metric
• Resale gross margin from Memory GB Sold sits at approximately 30%–35%
• SLS has a capital-light, diversified revenue model with strong secondary market access

What else do investors need to know?

SLS is embedded in key hyperscaler decommissioning cycles, working with major cloud infrastructure players and capturing structural demand growth as hyperscalers invest in new data centres. The business continues to serve both hyperscaler and enterprise clients, combining secure execution, quality service and the ability to ramp up capacity quickly.

The newly introduced "Memory GB Sold" metric now gives a clearer picture of SLS's growth drivers, connecting volumes directly to revenue and reflecting the business's evolving role as a global leader in circular cloud solutions. SLS has also announced an expansion in Ireland, expected to be operational from July 2026, supporting future European growth.

What did Sims Group management say?

Sims Group CEO & Managing Director Stephen Mikkelsen said:

SLS is already a material earnings driver for Sims and is uniquely positioned at the intersection of structural growth trends in technology. Our capital-light business model and strong partner relationships set us up well for the next phase.

What's next for Sims Group?

SLS will continue to focus on expanding volumes with existing hyperscaler partners while onboarding new clients and growing its footprint in key regions like Ireland. The business is scaling up capacity and automation, supporting both DDR4 and next-generation DDR5 memory markets.

Management expects structural tailwinds in cloud and memory markets to drive strong demand over the coming years. SLS targets 15 million Memory GB Sold in Ireland by FY29 and aims to expand adjacent services, such as cloud migration, for enterprise clients.

Sims Group share price snapshot

Over the past 12 months, Sims Group shares have risen 39%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

View Original Announcement

The post Sims Group earnings: SLS now core to growth appeared first on The Motley Fool Australia.

What did Sims Group report?

• FY21-FY26 compound annual growth rate (CAGR) in sales volume of 8.3%.
• HY26 sales volume annualised at over 3,750,000 tonnes.
• 147 operational facilities and 22 shredders as part of SA Recycling's US footprint.
• 48% gearing ratio and estimated asset base of USD $2.26 billion as at HY26.
• Average annual EBITDA of $496 million (FY21–FY25).
• Average operating cash flow of $353 million between FY21–FY25.

What else do investors need to know?

The group is benefitting from favourable US policy settings, which have supported strong industry investment and demand for recycled metals. Through a dense network of regional facilities and established local sourcing relationships, Sims Group aims to secure consistent scrap supply and maintain stable margins, especially in non-ferrous metals.

Sims continues its disciplined growth strategy by investing in bolt-on acquisitions and advancing operational leverage, with significant utilisation headroom across shredders and yards. The business remains well-capitalised, with ongoing investment capacity for strategic growth.

What's next for Sims Group?

Looking ahead, Sims Group plans to unlock further value in non-ferrous recovery through process improvements and technology upgrades, as well as capitalising on growing domestic demand for segregated aluminium. The company expects utilisation rates and organic growth to create earnings leverage as the steel cycle improves.

A robust pipeline of bolt-on acquisitions remains in sight, particularly in highly fragmented markets, supporting Sims Group's ongoing expansion and consolidation in the US recycling sector.

Sims Group share price snapshot

Over the past year, Sims Group shares have risen 34%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

View Original Announcement

The post Sims Group posts robust US growth through SA Recycling in FY26 appeared first on The Motley Fool Australia.

It's a diversified list of top performers on my list for the week. One is a major energy supplier; one is a leading healthcare stock; and the third is a global metals and electronics recycler.

Here's why they've been charging higher this week despite the broader market retrace.

ASX 200 stocks leaping higher this week

First up we have Sims Ltd (ASX: SGM).

Shares in the metals and electronics recycler closed last Friday trading for $18.36. At time of writing, shares are changing hands for $20.65. That sees this ASX 200 stock up 12.4% for the week.

Sims shares got a big boost on Wednesday after the company reported a positive FY 2026 trading update.

Noting continued price strength in both the non-ferrous and memory chip markets, Sims forecast full year underlying earnings before interest and tax (EBIT) to be between $350 million and $400 million.

Sims also reassured investors that the impact on its performance from the Middle East conflict to date remains relatively limited outside of shipping and fuel costs.

Moving on to the second ASX 200 stock racing higher in this week's falling market, we have Viva Energy Group Ltd (ASX: VEA).

Shares in the oil refiner and fuel supplier closed last week trading for $2.14 and are currently changing hands for $2.42 each. This puts the Viva Energy share price up 13.3% for the week.

The stock has been a clear beneficiary of surging global oil and gas prices, with shares now up more than 37% over the past months.

Viva Energy also caught investor interest today following news of renewed Federal government support for domestic oil refining as the war in Iran threatens imports.

The government's Fuel Security Services Payment (FSSP) provides financial support for Australia's two remaining refineries when regional refining margins fall below long-term breakeven costs.

Viva Energy owns and operates the Geelong Refinery in Victoria.

Which brings us to…

Leading the charge

The top performing ASX 200 stock on my list for today is Telix Pharmaceuticals Ltd (ASX: TLX).

Shares in the diagnostic and therapeutic product developer closed last Friday at $11.29. Shares are currently trading for $12.99 each. This sees the Telix share price up an impressive 14.7% in this week's slumping market.

Telix shares look to have gotten a delayed boost throughout the week from Monday's announcement that it had resubmitted a New Drug Application to the US Food and Drug Administration for its brain cancer imaging product TLX101-Px (Pixclara).

The resubmission included additional data requested by the FDA.

"Our resubmission is supported by an extensive and compelling data set – particularly so for an orphan indication," Telix chief medical officer David Cade said.

The post 3 ASX 200 stocks screaming higher in this week's sinking market appeared first on The Motley Fool Australia.

It was a shockingly painful day for investors, with the ASX 200 opening sharply lower and staying that way all session. By the time trading wrapped up, the index had plunged by a painful 1.65% down to 8,497.8 points.

This horrid Thursday session for Australian investors comes after a similarly dire morning on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) was slammed, dropping 1.63%.

Things were only slightly better for the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), which fell 1.46%.

But let's grit our teeth and return to the local markets now for an autopsy of today's trading, so we can see which of the various ASX sectors were hardest hit today.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

After a brief dip into negative territory this morning, the ASX 200 spent the rest of the day in the green, closing up 0.31%. That leaves the index at 8,640.6 points.

The optimism that we saw on the local markets this Wednesday followed a similarly optimistic morning on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) fared decently, gaining a timid 0.1%

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was more decisive though, rising 0.47%.

But let's get back to the Australian markets now and check out what was happening amongst the different ASX sectors this session.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Electro Optic Systems Holdings Ltd (ASX: EOS)

The EOS share price is up 7% to $9.52. Investors have been buying this defence and space company's shares after a major sell-off on Tuesday. That sell-off was triggered by news that the company's CEO, Dr Andreas Schwer, was given approval to sell 2.5 million EOS shares on-market following the exercise of options that were granted under a long-term incentive plan. Some investors may believe the selling was an overreaction, especially after its CEO committed to retain a shareholding well above the minimum levels required under its recently announced shareholding policy.

Humm Group Ltd (ASX: HUM)

The Humm share price is up 5.5% to 69.2 cents. This is despite the financial services company revealing that the Takeovers Panel made a declaration of unacceptable circumstances. It said: "[T]he Panel considered that the following statements in Humm's 17 December 2025 announcement of the conditional, non-binding indicative offer from Credit Corp Group Limited (Credit Corp) to acquire control of Humm (Credit Corp Proposal) were misleading and contrary to an efficient, competitive and informed market." The Panel advised that it is still considering whether it should make final orders.

New Hope Corporation Ltd (ASX: NHC)

The New Hope share price is up 6% to $5.27. This may have been driven by a broker note out of Bell Potter this morning. In response to its half-year results, Bell Potter has upgraded the coal miner's shares to a hold rating with a $4.50 price target. It said: "We upgrade to a Hold recommendation and apply a 5% premium to our sum of the parts valuation with energy security concerns exacerbated by recent geopolitical issues. NHC's low-cost operations will continue to underpin margins through the coal price cycle, funding capital expenditure commitments and supporting shareholder returns."

Sims Ltd (ASX: SGM)

The Sims share price is up 8% to $20.37. This morning, this global leader in metal recycling and the provision of circular solutions for technology released a trading update. Sims revealed that it expects FY 2026 underlying EBIT to be in the range of $350 million to $400 million. This will be at least double the underlying EBIT of $174.9 million that the company reported in FY 2025.

The post Why EOS, Humm, New Hope, and Sims shares are storming higher today appeared first on The Motley Fool Australia.

In early trade, the ASX 200 stock is up 17% to $21.99.

Why is this ASX 200 stock rising today?

For those unfamiliar with Sims, it is a global leader in metal recycling and the provision of circular solutions for technology.

The company notes that it plays a vital role in helping increase circularity and decarbonisation by supplying recycled materials and re-purposed products.

The ASX 200 stock is pushing higher today following the release of a trading update outlining its expected FY 2026 financial performance.

According to the release, Sims expects FY 2026 underlying EBIT for the group to be in the range of $350 million to $400 million.

This will be at least double the underlying EBIT of $174.9 million that the company reported in FY 2025.

A key driver of this will be the company's Sims Lifecycle Services (SLS) division, which is expected to deliver underlying EBIT between $165 million and $185 million. This reflects continued strength in DDR4 secondary market pricing and sustained hyperscaler activity.

Strong pricing tailwinds

Management highlighted that the ASX 200 stock is benefiting from continued price strength in both non-ferrous metals and memory chip markets.

Within its Metal business, strong non-ferrous prices and improved US domestic ferrous prices are helping to offset ongoing pressure from elevated Chinese steel exports, which continue to weigh on scrap prices in export and ANZ domestic markets.

Higher aluminium prices, driven by supply concerns, have also contributed to improved Zorba prices.

Second half improvement expected

Sims expects a materially stronger performance in the second half of FY 2026, particularly across its North America Metals (NAM) and Sims Asia Pacific (SAR) operations.

This follows what management anticipates will be a strong third quarter.

Based on management's guidance, second-half underlying EBIT will be $228.9 million to $278.9 million, compared to $121.1 million in the first half.

However, the company cautioned that the outlook for ferrous prices in ANZ remains subdued in the near term.

Sims also noted that the operational impact from the Middle East conflict has been relatively limited to date, though it has led to higher shipping and fuel costs.

Following today's move, this ASX 200 stock is now up 42% since this time last year.

The post Guess which ASX 200 stock is jumping 17% on strong FY26 guidance appeared first on The Motley Fool Australia.

What did Sims report?

• FY26 Group underlying EBIT expected to be $350–$400 million
• Sims Lifecycle Services underlying EBIT forecast at $165–$185 million
• Stronger prices for non-ferrous metals and memory chips supporting performance
• Metal division sees uplift from aluminium (Zorba) prices and improved US ferrous pricing
• Ongoing headwinds in ferrous prices in Australia and New Zealand

What else do investors need to know?

Sims noted that the ongoing Middle East conflict has had only a limited operational impact so far, mainly affecting shipping and fuel costs. Despite continued high Chinese steel exports putting pressure on scrap prices, Sims' Metal business remains supported by robust non-ferrous pricing and a focus on sourcing more unprocessed material.

Sims Lifecycle Services continues to benefit from high secondary-market demand for DDR4 memory and strong activity from hyperscale customers. Investors will receive further details on this fast-growing division at Sims' Investor Day in Nashville on 25 March 2026.

What's next for Sims?

Looking ahead, Sims expects a strong third quarter and a materially improved second half in both its North America Metals (NAM) and South America Regions (SAR) divisions. However, the outlook for ferrous prices in Australia and New Zealand remains muted in the short term.

The company will unveil more about its SLS segment and key business drivers at the upcoming Investor Day, offering shareholders more clarity on Sims' strategy amid global market shifts.

Sims share price snapshot

Over the past 12 months, Sims shares have risen 22%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 10% over the same period.

View Original Announcement

The post Sims flags stronger FY26 earnings on robust metals and tech demand appeared first on The Motley Fool Australia.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 to edge lower

The Australian share market looks set for a subdued session on Tuesday despite a decent start to the week in the US. According to the latest SPI futures, the ASX 200 is poised to open the day 12 points or 0.15% lower. In late trade on Wall Street, the Dow Jones is up 0.1%, the S&P 500 is up 0.3%, and the Nasdaq is up 0.6%.

Oil prices jump

It could be a good session for ASX 200 energy shares Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices jumped overnight. According to Bloomberg, the WTI crude oil price is up 6.3% to US$71.27 a barrel and the Brent crude oil price is up 6.8% to US$77.85 a barrel. This was driven by the war in Iran.

Magellan shares on watch

Magellan Financial Group Ltd (ASX: MFG) shares will be on watch today when they return from a trading halt. On Monday, the fund manager announced a proposed $1.6 billion merger with Barrenjoey. Magellan's chair, Andrew Formica, said: "The merger with Barrenjoey marks a transformative step in MFG's evolution, bringing together two highly complementary businesses to create an Australian financial services group with meaningful scale and breadth."

Gold price storms higher

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have a good session on Tuesday after the gold price stormed higher overnight. According to CNBC, the gold futures price is up 1.8% to US$5,342.1 an ounce. This was driven by strong demand for safe haven assets in response to the war in the Middle East.

ASX 200 shares going ex-div

A number of ASX 200 shares are going ex-dividend today and could trade lower. This includes pizza chain operator Domino's Pizza Enterprises Ltd (ASX: DMP), property listings giant REA Group Ltd (ASX: REA), scrap metal company Sims Ltd (ASX: SGM), and logistics solutions company Qube Holdings Ltd (ASX: QUB). The latter will be paying eligible shareholders a 5.4 cents per share dividend next month on 9 April.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

In order to receive a dividend, you must own the ASX share before its ex-dividend date.

Here is a sample of the large number of ASX All Ords shares with ex-dividend dates next week.

ASX All Ords shares about to go ex-dividend

Which companies will we hear from today?

The big one today is the half-yearly report from supermarket network Coles Group Ltd (ASX: COL).

Woolworths shares ripped this week after the ASX All Ords consumer staples giant reported a 16% profit lift to $859 million for 1H FY26.

We'll also hear from TPG Telecom Ltd (ASX: TPG), Michael Hill International Ltd (ASX: MHJ), and Pexa Group Ltd (ASX: PXA).

The latest report from The Star Entertainment Group Ltd (ASX: SGR) will also be interesting, as investors seek further news on the turnaround plan for the beleaguered casino operator.

Yesterday, Star Entertainment shares bounced on news of a debt refinancing deal, including extra liquidity to fund the turnaround plan.

The post 35 ASX All Ords shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Reliance Worldwide Corporation Ltd (ASX: RWC)

The Reliance Worldwide share price is down 8% to $3.54. This morning, this plumbing parts company released its half-year results and reported a 4.6% decline in revenue to US$645.4 million and a 34.9% decline in reported net profit after tax to US$43.7 million. Reliance revealed that it was impacted by increased US tariffs and weaker demand in the US and UK. Net sales in the Americas dropped by 7.2% and EMEA (Europe, Middle East and Africa) sales rose by 2.4%.

Santana Minerals Ltd (ASX: SMI)

The Santana Minerals share price is down 12% to 86.5 cents. This has been driven by news that the gold developer has received firm commitments from institutional and sophisticated investors to raise $130 million. These funds are being raised via a placement of approximately 144.4 million shares at 90 cents per new share. Commenting on the news, Santana Minerals' executive director and CEO, Damian Spring, said: "This is a strong show of support for Santana and its proposed development of the Bendigo-Ophir Gold Project. This placement essentially fills the equity component of funding for the development with discussions on the remaining debt funding advancing well."

Sims Ltd (ASX: SGM)

The Sims share price is down 5% to $20.26. This follows the release of the scrap metal company's half-year results. Sims reported a disappointing loss of $29.9 million for the half. This includes unrealised losses on derivative contracts as at the reporting date, together with a further sizeable, expected credit loss on the residual receivable from Unimetals in the UK. Despite this, the company still increased its interim dividend by 40% to 14 cents per share.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price is down a further 5% to $4.72. Investors have been selling this wine giant's shares this week in response to the release of its half-year results. It was a tough half for Treasury Wine, with profit falling materially from the prior corresponding period. This led to the Penfolds owner suspending its dividend. The company's CEO, Sam Fischer, said: "Today's results come at a time when we are already making meaningful progress with the decisive actions required to return TWE to a path of sustainable, profitable growth. Our focus is firmly on the future to strengthen execution and ensure we build a stronger, more resilient business for the long term."

The post Why Reliance, Santana Minerals, Sims, and Treasury Wine shares are falling today appeared first on The Motley Fool Australia.

What did Sims report?

• Underlying NPAT rose 70.9% to $60.0 million (HY25: $35.1 million)
• Sales revenue grew 3.7% to $3,778.6 million
• Underlying EBIT surged 65.9% to $121.1 million
• Statutory NPAT was a loss of $29.9 million, due to significant one-off items
• Interim dividend increased 40% to 14 cents per share
• Return on Invested Capital improved to 6.2%

What else do investors need to know?

Underlying performance was strong across most business units. Sims Lifecycle Services (SLS) delivered a 247.5% jump in underlying EBIT, driven by robust global demand for used DDR4 chips as hyperscale and AI data centre builds accelerate. Sims' North America Metal (NAM) and Sims Adams Recycling (SAR) divisions both delivered higher trading margins and improved profitability, even as trading in processed scrap reduced sales volumes.

The Australian and New Zealand segment saw softer ferrous markets owing to high Chinese steel exports, but stronger non-ferrous trading offset some of the impact. Capital expenditure dipped while the company's net debt position improved to $306.8 million.

What did Sims management say?

Group CEO and Managing Director Stephen Mikkelsen commented:

Underlying EBIT of $121.1 million is a good solid result in a difficult market and reflects the strength of our strategy and the disciplined execution of key initiatives.

SLS's excellent first half is a reward for the effort and attention we have put into that division over the last five years, and it is satisfying to see the results coming through.

What's next for Sims?

Sims expects continued strong demand for non-ferrous metals, benefiting margins in the US, Australia, and New Zealand. Structural supply pressure on DDR4 chips should support further profitability in SLS, as major technology shifts drive global demand for repurposed hardware.

However, management cautions that high Chinese steel exports will keep regional ferrous prices under pressure in the near-term. The company will continue to focus on disciplined cost management and investment in automation, logistics, and digital transformation to drive long-term growth.

Sims share price snapshot

Over the past 12 months, Sims shares have risen 51%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 5% over the same period.

View Original Announcement

The post Sims FY26 half-year earnings: Profit surges, dividend rises appeared first on The Motley Fool Australia.

At the time of writing, the stock is up 3.06% to $21.25, taking its gains to around 18% so far in 2026. The move comes as investors digest changes to the company's US operations.

By comparison, the S&P/ASX 200 Index (ASX: XJO) is up 2.2% this year.

Here's what was announced.

What Sims is buying

In a statement to the ASX, Sims has agreed to acquire the assets of Tri-Coastal Trading, a Houston-based ferrous scrap processor, for US$65.5 million.

TCT processes more than 350,000 tonnes of scrap annually and operates a deep-water dock facility in the Houston Ship Channel. That access is a key feature of the deal, giving Sims direct exposure to export pricing while maintaining access to domestic markets.

Management expects the acquisition to deliver an EBITDA multiple of less than 4 times and a return on invested capital above 20% after synergies. The transaction is also expected to contribute more than US$25 million in EBITDA once fully integrated, assuming current pricing conditions.

How the deal is being funded

At the same time, Sims has entered into an agreement to sell its Mayo Shell property in Houston, a surplus non-operating site.

Proceeds from the sale are expected to exceed US$100 million over time and will substantially fund the Tri-Coastal acquisition. Management expects the initial sale to close in the coming months, with additional land parcels potentially taking up to 18 months to divest.

Why margins should improve

The deal allows Sims to consolidate its Houston ferrous operations into a single, lower-cost hub.

Management highlighted several benefits, including reduced logistics costs, elimination of duplicated overheads, and improved sourcing efficiency. The deep-water access removes the need for costly dock arrangements and expands Sims' ability to serve international customers directly.

The company also noted that the consolidation removes the need for significant capital expenditure at the existing Mayo Shell site, further improving capital efficiency.

Foolish bottom line

The deal strengthens the company's position in an important US scrap market and should help improve margins. Most of the funding comes from selling assets rather than taking on new debt or issuing shares, which reduces risk.

It also gives the business greater exposure to export prices, which are usually higher than domestic scrap prices and can help steady earnings over time.

Overall, the Houston changes should simplify the business, improve capital returns, and free up cash from non-core assets.

The post This ASX 200 stock is moving higher after a US reshuffle appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Elevra Lithium Ltd (ASX: ELV)

The Elevra Lithium share price is up 6% to $7.60. This morning, this lithium miner announced a non-binding agreement to supply Mangrove Lithium with spodumene concentrate produced at North American Lithium. A binding definitive agreement rests on a final investment decision by Mangrove Lithium for construction of a lithium conversion facility and the agreement on the final terms of the deal. If all goes ahead, Elevra would supply 140,000 tonnes per year of spodumene concentrate to Mangrove Lithium at market related prices, subject to a floor and ceiling price.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is up almost 2% to $163.90. This appears to have been driven by a broker note out of Morgans this morning. According to the note, the broker has upgraded the health imaging technology company's shares to a buy rating with a $290.00 price target. It said: "Pro Medicus provides that infrastructure, so, in many ways the acceleration toward AI potentially makes its business case more compelling as a product versus peers – at least in the medium term."

Sims Ltd (ASX: SGM)

The Sims share price is up 3% to $21.26. After the market close on Monday, this scrap metal company revealed that it has entered into an agreement to purchase assets of TCT Trading for US$66.5 million. It advised that this is seen as a key component to consolidating its Houston operations and significantly reducing its operating cost base. The company has also entered into an agreement to sell its nearby Mayo Shell property in Houston.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price is up 6% to $5.48. This follows news that the wine giant has reached a settlement with Republic National Distributing Company (RNDC) in California. This follows RNDC's decision to exit the California market last year. Treasury Wine will repurchase its Treasury Americas portfolio inventory held by RNDC in California at original sale value. In addition, the company advised that it now expects first-half EBITS of approximately $236 million. This compares favourably to its previous guidance range of $225 million to $235 million.

The post Why Elevra Lithium, Pro Medicus, Sims, and Treasury Wine shares are roaring higher appeared first on The Motley Fool Australia.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 to rise again

The Australian share market looks set to rise again on Tuesday following a decent start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 33 points or 0.35% higher. In late trade in the United States, the Dow Jones is up 0.1%, the S&P 500 is up 0.65%, and the Nasdaq is up 1.15%.

Oil prices rise

It could be a good session for ASX 200 energy shares Karoon Energy Ltd (ASX: KAR) and Santos Ltd (ASX: STO) after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 1.4% to US$64.43 a barrel and the Brent crude oil price is up 1.6% to US$69.12 a barrel. Traders were buying oil in response to rising US-Iran tensions.

Buy CAR Group shares

The team at Bell Potter thinks that CAR Group Limited (ASX: CAR) shares are undervalued. In response to its half-year results, the broker has retained its buy rating on the auto listings company's shares with a trimmed price target of $39.80. It said: "CAR's global network of auto and non-auto classifieds platforms has scaled the ability to generate cash flows supporting growth investment and shareholder returns simultaneously. CAR is proactively implementing AI solutions across its platforms and geographies on top of a technical eco-system integrated into Dealer management workflows, network effect and unique data sets. Retain Buy."

Gold price storms higher

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Ramelius Resources Ltd (ASX: RMS) could have another good session on Tuesday after the gold price stormed higher overnight. According to CNBC, the gold futures price is up 2.3% to US$5,094.2 an ounce. The precious metal was boosted by a weaker US dollar.

Sims update

Sims Ltd (ASX: SGM) shares will be on watch on Tuesday after the scrap metal company made an announcement after the market close on Monday. Sims revealed that it has entered into an agreement to purchase assets of TCT Trading for US$66.5 million. It advised that this is seen as a key component to consolidating its Houston operations and significantly reducing its operating cost base. The company has also entered into an agreement to sell its nearby Mayo Shell property in Houston.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

What did Sims report?

• Agreement to acquire Tri Coastal Trading (TCT) assets for US$66.5 million
• Expected proceeds from Mayo Shell property sale estimated at over US$100 million
• EBITDA multiple for the acquisition projected at less than 4x post synergies
• Combined Return on Invested Capital (ROIC) for Houston operations expected in excess of 20% post synergies
• Total Houston EBITDA (post-integration and synergies) forecast to exceed US$25 million

What else do investors need to know?

Sims' acquisition includes the novation of TCT's Enstructure LLC service agreement, securing exclusive access to a deep-sea dock and harbourside land in Houston's Galena Park industrial area for the next 18 years, with options for further extension. This move will allow Sims to consolidate its operations, reduce operating and administrative costs, and boost logistics capabilities for sourcing and shipping scrap metal both domestically and overseas.

The planned sale of surplus land, including Mayo Shell, forms part of ongoing portfolio optimisation and is expected to recycle capital into higher-return opportunities. The Mayo Shell transaction remains subject to customary conditions and due diligence, with closure anticipated in the coming months.

What did Sims management say?

CEO and Managing Director Stephen Mikkelsen said:

We have been looking for a solution to our Houston business for some time. It is a big market. Houston is the fourth largest city in the USA and Texas's GDP is US$2.5 trillion, the second largest in the USA. It also operates heavy industries such as oil and energy that have high metal intensity. While we have made significant progress in turning our Houston business around over the last two years, its ultimate potential was always hampered by the lack of a deep-sea dock, which would have only been achievable with significant capital expenditure at our Mayo Shell site.

TCT is an ideal solution to this problem. We free up all our Houston land for sale, avoid significant capital expenditure on the current facilities, significantly reduce our cost per tonne, and meaningfully grow our EBITDA, EBIT and ROIC.

What's next for Sims?

The company will focus on integrating TCT's operations, consolidating Houston activities at the Enstructure facility and realising synergies to improve earnings. Sims also plans to complete the sale of Mayo Shell and market additional Houston land parcels over the next 18 months.

Management reaffirmed ongoing efforts to optimise the asset base and recycle capital into higher-return investments, positioning Sims Limited to deliver sustained value for shareholders.

Sims share price snapshot

Over the past 12 months, Sims shares have risen 50%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 5% over the same period.

View Original Announcement

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The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.