Anglo American Dividends - AAL

Anglo American Dividends - AAL

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Anglo American Plc AAL London Ordinary Share GB00B1XZS820 ORD USD0.54945
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
-137.60 -6.48% 1,987.40 1,975.80 2,061.00 2,057.50 2,125.00 10:07:33
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Industry Sector

Anglo American AAL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

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sarkasm: An overview of Anglo American’s deal to take over Sirius Minerals Features & AnalysisMiningProject By James Murray 21 Feb 2020 Sirius Minerals operates the Woodsmith Mine, which is the largest mining project in the UK and has deep deposits of polyhalite Anglo American Sirius Minerals London-listed Sirius owns the £3.2bn ($4.19bn) project under the subsidiary trading name of York Potash (Credit: Sirius Minerals) Anglo American has agreed on a deal to take over Sirius Minerals – but shareholders believe the proposed £405m ($527m) figure undervalues the company. Sirius Minerals operates the Woodsmith Mine, which is the largest mining project in the UK and has deep deposits of polyhalite – primarily used as a fertiliser. But the project near Whitby in North Yorkshire, England, has thrown the miner into financial problems after it struggled to raise the necessary funds to complete the mine. Anglo’s deal would rescue the company from potential administration and ensure Sirius’ shareholders recoup at least some of their investment. What is the Woodsmith Mine project Anglo American is looking to purchase from Sirius Minerals? London-listed Sirius owns the £3.2bn ($4.19bn) project under the subsidiary trading name of York Potash. The Woodsmith project is considered to be the world’s largest-known deposit of high-grade polyhalite – a mineral used in fertiliser, although it’s currently lacking the same investor appeal as the more commercially-viable potash. Plans for two 1.5km shafts at the operation and extensive underground tunnel shafts would make it the first deep pit mine to be built in the UK for several decades, and one of the biggest. Under previous guidelines, Sirius anticipated the mine would reach a production capacity of 13 million tonnes (Mt) a year by 2026 and 20Mt by 2029 – creating 4500 direct and indirect jobs. It has proven and probable ore reserves of 280Mt, with estimated resources of 2.66 billion tonnes. Sirius has already pumped more than $1bn into the Woodsmith Mine, but Anglo believes a further $3bn to $4bn will be required to bring it forward to the operations stage. The firm was forced to bring forward a review last September after failing to complete a bond issue required to unlock a $2.5bn lifeline package from American investment bank JPMorgan Chase – which meant Sirius had to accept Anglo’s offer. Anglo American’s offer to purchase Sirius Minerals If the deal goes through, it would mark Anglo’s return to the fertiliser mineral market, having offloaded its previous assets in the sector in 2016. The offer of acquisition values Sirius at 5.5 pence per share – representing a premium of 34.1% to the share price at the close of play on 7 January, when the two parties made the initial agreement. anglo american sirius takeover Sirius Minerals’ Woodsmith polyhalite mine in North Yorkshire, UK (Credit: Sirius Minerals) Anglo’s CEO Mark Cutifani said in January the UK-based mining giant’s offer would provide certainty to Sirius’ shareholders and employees, while bringing the North Yorkshire polyhalite project’s potential “closer to reality”. He added: “We intend to bring Anglo American’s financial, technical and product marketing resources and capabilities to the development of the project, which of course would be expected to unlock a significant and sustained associated employment and economic stimulus for the local area. “The addition of the project supports our ongoing transition towards supplying those essential metals and minerals that will meet the world’s evolving needs – in terms of the undoubted need for cleaner energy and transport, and providing infrastructure and food for the world’s fast-growing and urbanising population.” Why Sirius Minerals’ shareholders believe Anglo American’s offer is a “mockery”; Odey Asset Management, a London-based hedge fund that owns a 1.29% economic in Sirius, said the 5.5 pence per share offer was not satisfactory and seems “to make a mockery of both internal and external audits at Sirius”. In an open letter on 18 February, Odey claimed Anglo could afford to pay more without damaging its investment case and added it would only vote in favour of a bid at 7 pence per share or more. It highlighted Sirius’ most recent accounts in September show an equity value of £893.1m ($1.15bn) – about 120% above Anglo’s $527m offer. But Sirius, which is set to run out of money by the end of March, has said the deal is the best option available to its investors. The deal needs to receive the go-ahead from 75% of Sirius’ shareholders – some of whom are local investors that have put their life savings into the project – at a special meeting on 3 March for Anglo to complete the takeover.
la forge: HSBC downgraded its stance on Anglo American and Rio Tinto on Thursday, saying sector valuations were no longer cheap following a strong run in the share prices. "The strong share price performance and normalising valuations, along with an average declining near-term earnings profile leads us to re-evaluate our views on the UK diversified miners," it said. "Copper is trading around fundamental support levels following a circa 8% recovery to nearly USD6,200/t (USD2.80/lb) and we believe upside is limited as positioning has already moved and we see the market transitioning to surplus from 2021e. "While we see near-term iron ore price support, we maintain our view of reducing market tightness in the coming years and for prices to revert back towards marginal cost levels in the mid-USD60s." The bank downgraded Anglo American and Rio to 'hold' from 'buy', cutting the price targets to 2,300p from 2,350p and to 4,630p from 4,725p, respectively. It said Anglo and Rio are the two best-performing global diversified miners, up around 30% year-to-date in US dollar terms. HSBC reckoned the shares are fairly valued at current levels, hence the downgrade. "Our over 10% average forecast annual iron ore price decline in 2020/21e leads to a declining earnings profile, particularly at Rio, and resulting in lower free cash flow generation as capex spending also rises. "Anglo's more diversified asset base and favourable platinum group metals exposure provides for a more stable earnings profile. These companies are in top shape with robust balance sheets and we expect shareholder returns to remain a key feature. However, we see limited near-term catalysts and upside from current levels."
maywillow: INVEZZ Anglo American Marked “Buying Opportunity” By BoA’s Merrill Lynch October 13, 2019 The mining industry is known for keeping a cyclical pattern in the financial markets. Britain based multinational mining company, Anglo American (LON:AAL), has been under pressure for quite some time. But the latest developments in the stock market represent that the other side of the cycle is finally starting to emerge. An Overview Of The Anglo American Stock Since 2016, when the share price for Anglo American hit rock bottom at around 220 level, financial analysts have been waiting for optimism in its stocks. A recent analysis of the charts, however, has pointed at a changing scenario. Currently trading at 1,923 level, LON:AAL is starting to challenge the yearly high of 2,100 that was touched back in July of 2019. But the optimism is no longer confined to that. According to an estimate by Merrill Lynch, a prominent name in the league of investment management companies, that operates under the Bank of America (BoA), it has been forecasted that the share price of Anglo American can hit the 3,100 level mark by the end of the year. The stock has officially been labeled as a “Buying Opportunity” by Merrill Lynch. On the other hand, corporations like Rio Tino, and BHP have been marked underperforming by the Bank of America’s Merrill Lynch, while Glencore has been highlighted as neutral with a potential for sideways trading in the days to come. Anglo American Anticipated To Present Further Upward Rally Apart from the rising interest for the investors in LON:AAL stocks, the simplest explanation to the price hike, as per the financial experts, is the cyclic trend of the mining industry. Now that it has successfully gone through the downward side of the cycle, the share price has now started to present the upward end that is likely to stay for a while. The controlling stake that Anglo American has in the Platinum group was also reported as another factor that may have contributed to the current price hike and is expected to continue to do so. While Platinum has underperformed in the market for quite some time due to the complications regarding its oversupply, such concerns have been long settled as represented by the rally that has brought its price up by 200% since 2016. The Swiss multinational investment bank, UBS Group AG, has also supported the claims of a further rally in Anglo American stock. The senior analysts at UBS have opinionated that LON:AAL could make a new yearly high in the next few months. Michael Harris Michael Harris I began trading in my early 20's and since then have combined my knowledge and love of the industry to become a news writer. I am passionate about bringing insightful articles to readers and hope to add some value to your portfolios!
ariane: Sharecast Broker tips: RBS, Anglo American, BHP, Kainos rbs gogarburn building Analysts at Berenberg lowered their target price on retail bank The Royal Bank of Scotland from 340p to 280p on Wednesday after management conceded that the lender was now unlikely to achieve a 12.0% return on tangible equity by 2020. Berenberg said that despite a challenging environment, RBS' strategy was delivering "profitable growth, meaningful cost reductions and substantial capital returns". But the German bank pointed out that for many investors, this was simply "not enough". In particular, Berenberg said many were struggling to look beyond the current margin pressure, which had prompted RBS' board to accept that it would most likely be unable to meet its return on tangible equity targets in time. The broker's analysts reduced their full-year 2020-21 EPS estimates for RBS by approximately 6%, mainly driven by lower net interest margins, compounded by lower expected buybacks. Berenberg's 2019 estimates, on the other hand, did rise modestly, but only reflecting non-operational effects. "Following these adjustments, we believe consensus EPS estimates remain 4-6% too low," said Berenberg. However, while disappointing, Berenberg believed the share price reaction to the news had been "too severe", particularly considering RBS' double-digit dividend yield. "We believe RBS is able to deliver a double-digit dividend yield, alongside share buybacks of circa £3.0bn over three years. However, these prospective returns are being ignored," they wrote. Berenberg, which reiterated its 'buy' rating on the group despite the target price cut, highlighted that RBS' efforts to bolster returns and offset revenue headwinds saw operating costs fall by roughly £170.0m during the first half. Guidance from the lender that full-year restructuring costs should be towards the lower end of the previously guided range of £1.2bn-1.5bn provided the analysts with further comfort. Deutsche Bank revised its ratings on London-listed miners on Wednesday as it said stocks were due a rebound after the summer selloff. "Like most cyclical sectors, mining corrected sharply through the summer months," it said. "Risk appetite has collapsed and global growth fears are back at the forefront. While uncertainty and macro risks are high, we see scope for a tactical rebound on a six-month horizon." DB added that iron ore prices have reset to more realistic levels and valuations are now someway below its mid-cycle targets. "Our mining valuation composite is now sending a clear buy signal; buying at current valuation levels has yielded an average six-month return of 23% and the sector has moved up in relative and absolute terms on every occasion," it said. "The pervasive fear in the market is that we enter a 2015 type slowdown which saw negative China and global steel demand for several quarters. While we expect a deceleration in China steel demand in the year ahead (2% in 2020 from 5% in 2019) we think a 2015 style slowdown is an overly pessimistic scenario." The bank said Anglo American remains its top pick. "The business is well diversified, valuation compelling and, at the current share price, the market is getting the 30% growth by 2022E almost for free." Deutsche upped its stance on BHP Group to 'hold' from 'sell', cutting the price target to 1,750p from 1,900p following the recent share price correction. "Our view that BHP lacks structural growth drivers is unchanged, however, capital discipline is holding and dividend levels should remain robust through the cycle," it said.
foxy22: Hsbc raises share price to 2640
maywillow: they should have started the buybacks today perhaps
foxy22: Clearly we are not alone in seeing further upside for Anglo....We feel that the only means by which we can seeArgawal gaining control of Anglo is thro an all cash offer,so the question then comes:what price ought to tempt anglo shareholders to part with their stock?We see a strong argument for this to be at least double todays share price ....Bernstein research
crossing_the_rubicon: ”Anglo/Vedanta – slow cooker” Dividends could double without hurting investment plans Some recipes regularly deliver profits for investors. Rising earnings, plenty of excess cash flow and a dash of bid potential should make miner Anglo American a tasty confection. The share price has risen nicely this year, ahead of peers Rio Tinto, Glencore and BHP. Yet the stock persistently trades at a valuation discount, today 15 per cent lower on a price-to-forward-earnings basis. Optimists claim it needs more time in the oven. Hope does not win bake-offs. Higher dividends might. As for dividends, Anglo offers a yield of 3.6 per cent. It has avoided handing out more than 40 per cent of earnings. The other miners have done better, and all offer higher yields. Anglo has the money. Available cash flow after payouts has averaged $3.3bn annually. If Anglo wants to build up bid defences, announcing a chunky special dividend next results time would be more productive than employing a batch of investment banks. hTTps://
foxy22: Look at original piece in telegraph on sundayDefinately t/o attempt coming....should excite share priceHow high do u think aal could go
cheshire pete: andrewhbruce, Inv. Chron 15 to 21/3, p.26, short article noting that not all short positions spell bearishness. AAL unusual with Volcan and refers to delta hedging by bond holders rather than a bet against the share price.
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