Anglo American Share Discussion Threads

[tuftymatt] 26/4/2024 13:41

Looking much better now in terms of getting a serious bid!!

Good luck all 👍🏻

[bargainsniper] 26/4/2024 11:03

I don't think the business will be sold as better off as is

[tuftymatt] 26/4/2024 10:58

A good bit on Bloomberg about this today and the complexity of getting a deal done.
The discount that miners have by listing in London was also spoken about!!

One thing for certain though that came across is it's a way too low an opening offer especially as copper breaks 10000 on LME for the first time.

Good luck all 👍🏻

[theapiarist] 26/4/2024 10:53

Mike Henry seems to be a forceful character determined to cement BHP's position as the world No.1 copper producer and is unlikely to give up at the first hurdle.

28-30 seems to be the growing consensus of the range at which the AAL board would even consider an offer.

Perhaps now would be a good time to top up.

[juliemara] 26/4/2024 09:51

eb&b let's see if you're right....

Neilyb675 is my hero! I've always thought his posts are the most intelligent and insightful and I base most of my transactions on his words of wisdom.

[eggbaconandbubble] 26/4/2024 07:32

Going back over the last couple of month's worth of messages the only one's that have not been marked down (you can't mark your own messages) are three by Neilyb675.

Draw your own conclusion!

[eggbaconandbubble] 26/4/2024 07:22

OMG or more accurately FFS - I've just noticed we have a persistent 'downmarker' on every message posted. How pathetic!!!

[eggbaconandbubble] 26/4/2024 07:19

Apiarist - My rule of thumb, as I was told donkey's years ago and is pretty accurate, is - Add 40% to the price when it started creeping up just before the initial bid caame in. i.e. in this instance the sharp small rise on Wednesday afternoon, up from £21.50. Add 40% which gives bang on 30 quid.

We shall see!

[garycook] 26/4/2024 07:18

BHP,Better off going for GLEN.

[r88ave] 26/4/2024 07:14

Yep, utter rubbish offer. May the bid war begin….would love to see glencore join in the battle as well

[eggbaconandbubble] 26/4/2024 07:05

Rejected the offer. What a surprise!

[philanderer] 25/4/2024 21:54

tuftymatt, totally agree. There’s no way BHP is taking out AAL for £25

[tuftymatt] 25/4/2024 21:07

Very nice to see this close at a fair way above the 2508 offer price.

Bodes well that if this does go to BHP then they will have to seriously up their offer.

Good luck all 👍🏻

[eggbaconandbubble] 25/4/2024 16:47

The 1st rule of negotiation (and THE golden rule) - Do not accept the other party's first offer!

[juliemara] 25/4/2024 16:42

bigbigdave25 - It just proves how irrelevant they are!

[philanderer] 25/4/2024 16:31

I wouldn’t be surprised if RIO was interested as well. It’s the copper that’s a huge part of this.

[blackhorse23] 25/4/2024 16:26

Money moving to GNC

[saltraider] 25/4/2024 16:23

Could well be right, EBandB. It would have been an especially clever thing to have done that yesterday, of course.

[eggbaconandbubble] 25/4/2024 16:09

If one holds BHP and AAL shares or just BHP shares alone, my hunch would be to sell all BHP holding and buy AAL with the cash.

[r88ave] 25/4/2024 16:08

i can see a battle between BHP and glencore bid for this tbh...not so for Rio. Still way too cheap for takeover it will keep creeping up to make bidders serious. BHP and Glencore have mountain of cash!