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AAL Anglo American Plc

2,429.00
3.50 (0.14%)
Last Updated: 08:10:14
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo American Plc LSE:AAL London Ordinary Share GB00B1XZS820 ORD USD0.54945
  Price Change % Change Share Price Shares Traded Last Trade
  3.50 0.14% 2,429.00 14,187 08:10:14
Bid Price Offer Price High Price Low Price Open Price
2,428.00 2,430.00 2,439.50 2,428.50 2,439.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 30.84B USD 283M USD 0.2116 114.63 32.44B
Last Trade Time Trade Type Trade Size Trade Price Currency
08:09:07 O 554 2,429.40 GBX

Anglo American (AAL) Latest News (2)

Anglo American (AAL) Discussions and Chat

Anglo American Forums and Chat

Date Time Title Posts
03/7/202414:16Anglo American - Global Mining Group1,604
10/8/202315:42ANGLO AMERICAN - 2006311
29/7/202109:30ANGLO AMERICAN - AAL6,812
19/9/201815:34Angle American-
25/7/201820:52Anglo American (AAL) One to Watch on Thursday -

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Anglo American (AAL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:10:292,430.00852,065.50AT
07:10:292,430.00531,287.90AT
07:09:072,429.4055413,458.88O
07:09:042,429.001363,303.44AT
07:08:582,429.501002,429.50AT

Anglo American (AAL) Top Chat Posts

Top Posts
Posted at 03/7/2024 09:20 by Anglo American Daily Update
Anglo American Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker AAL. The last closing price for Anglo American was 2,425.50p.
Anglo American currently has 1,337,577,913 shares in issue. The market capitalisation of Anglo American is £32,442,952,280.
Anglo American has a price to earnings ratio (PE ratio) of 114.63.
This morning AAL shares opened at -
Posted at 17/6/2024 21:43 by cobourg1
I tried to post a video from the IG Index site but I couldn't get it to work, presumably because it is protected in some way.

The gist was that because it takes about 16 years to develop a copper mine into production the million tons per year of copper from Anglo are still very attractive to BHP (and others), so BHP could be back in five months time, especially as the rationalising measures which Anglo are taking will make a takeover simpler and more attractive. The interviewee also thought that five to ten percent on the last offer price wouldn't be off putting for BHP, what they want is the ore. We also should remember that if there is another bid BHP are allowed to get back in immediately.

The multi-analyst consensus target is for about £29 pounds per share, so presumably they are expecting the takeover to resume or Anglo to be successful in boosting the share price, which I personally am doubtful about, but then I'm a pessimistic old sod.

But you all know this already, don't you? Perhaps somebody doesn't.
Posted at 30/5/2024 10:00 by casket1
I think AAL's own proposals will strengthen the share price long term, possibly after a bit of movement following BHP walking away, although if AAL lose some of the "chaff" then I do think there is a further possibility of BHP coming back in 6 months+
Posted at 22/5/2024 20:50 by cobourg1
I won't say where this is from as I am probably infringing copyright and heading for Parkhurst. Let's just say that it is reliable.

......................................................................................

Sometimes the old ways are the best. Mike Henry’s method of adding incremental sweeteners to a lowball starting proposal to buy Anglo American Plc won’t win any awards for originality in mergers and acquisitions. But the chief executive officer of Australian miner BHP Group Ltd. has finally got his rival to engage on a potential £39 billion ($50 billion) deal. If a transaction happens, as seems increasingly possible, it will reflect the weakness of Anglo’s defenses more than the ingenuity of BHP’s tactics.


Henry’s latest proposal once again requires Anglo to stage a mini-breakup before merging what’s left of the company with BHP. Anglo would first hand its shareholders majority stakes in two South African miners it currently owns. Then its investors would swap their Anglo shares for BHP stock at a premium. On the revised version of this idea, Anglo shareholders would just get more BHP stock.

BHP values the pitch at £31.11 per Anglo share, based on its recent share price and that of the stakes to be carved out. That’s a 41% premium to where Anglo shares closed on April 24 before Bloomberg News reported BHP’s ambitions. A decline in the suitor’s stock on Wednesday afternoon has already dragged the putative value on offer lower — but it’s still a serious price.

Anglo has dismissed this while also simultaneously granting time for talks. The language of the rejection is in some ways like its previous rebuttals: BHP’s requirement that Anglo shrinks prior to a takeover adds complexity and delay. That makes it hard to know precisely what value Anglo shareholders might receive once any deal completes. But there’s one big shift. Anglo is — rightly — no longer saying BHP’s proposal significantly undervalues the business.

(NOTE THE PRECEDING SENTENCE - Cobourg )

Engaging with BHP, despite the absence of what Anglo deems an acceptable offer, makes sense for the target. BHP is in the ballpark; a proposal around this price without the do-the-splits condition would have been extremely hard to swat away. And Anglo’s new strategy, laid out last week, already includes the separation of Anglo American Platinum Ltd., one of the two listed stakes that BHP itself wants jettisoned. The objections around complexity and uncertainty can be met with a further improvement on price — either by adding cash or more stock. And the riskiness could be reduced by making a transaction conditional on carving out just the platinum business, consistent with Anglo’s own strategy. BHP has been mischievous in labeling the share ratio for its pitch “final.” The fact is it can amend that if doing so would see Anglo recommend a transaction, or if a counterbidder surfaced.

Anglo could, of course, have been much more definitive and shut the door completely. To stay in the game, BHP would then have had to make a hostile offer that, under the UK Takeover Code, would have had to come today. Doing so would have meant bidding for all of Anglo with no fiddly breakup plan — something BHP is clearly loath to do.

Nevertheless, Anglo hasn’t lost all its negotiating power by keeping BHP’s dreams alive. BHP needs an Anglo board recommendation for the two-stage transaction it so covets to succeed. Anglo can extract a higher price for giving its assent — its duty to its shareholders means that must now be its singular job.
Posted at 22/5/2024 12:15 by saltraider
Hmmm ... halfpenny ... I don't see much of a fall in AAL's share price just as yet. Certainly, nothing to warrant your remark "as share price falls further".

It's OK to see if there's money to be made in a fall in AAL's share price if BHP does not raise its bid. But it's a bit much to think you can talk the share price down by trying to worry a bunch of PIs on an ADVFN who together probably hold a vanishingly small fraction of a percent of the company.
Posted at 04/5/2024 07:13 by 84stewart
IMHO Aal shareholders wouuld be crazy to accept this offer sell @£26 with 100% shares than except 2% less shares @£22 no brainer BHP cannot in my option offer too much more as it will dilute the share price further with extra shares ,same goes for glen,Rio And anyone else who bids, paper is rubbish cash is king.
Posted at 25/4/2024 11:25 by penandnen
Misses and I were a bit overweight AAL (ISAs and SIPPs total £150K cost about 80%). OK, I heard somebody say: Lucky bar-steward! That’s the good news. Bad news I sold £7K yesterday afternoon seeing a rising price and thinking: Time to cut the risk back. MY beef is: What’s the point of all these compliance guys employed in the City? They hear the whispers and do FA. We, punters, you and me, “the unwashed”, are unworthy of a “fair market”. Rant over. So, how do I get my “losses” back? Where’s the AAL price going and what strategy should I adopt to exit. We have small holdings in BHP. Complicated, I’m just going to make another cup of coffee and ‘ave a think.
Posted at 25/4/2024 07:42 by mirabeau
BHP Group Ltd ("BHP") notes the announcement by Anglo American plc ("Anglo American") in response to recent press speculation regarding a proposal by BHP for a potential combination with Anglo American.

BHP confirms that on 16 April 2024 it made a proposal to the Board of Directors of Anglo American regarding a potential combination to be effected by way of a scheme of arrangement. BHP's proposal comprises an all-share offer for Anglo American subject to the pro-rata distribution by Anglo American of its entire shareholdings in Anglo American Platinum Ltd ("Anglo Platinum") and Kumba Iron Ore Ltd ("Kumba") to Anglo American shareholders before completion ("Proposal").

Under the terms of the Proposal, ordinary shareholders of Anglo American would receive:

· 0.7097 BHP shares for each ordinary share in Anglo American; and

· ordinary shares in Anglo Platinum and Kumba (which would be distributed by Anglo American to its shareholders in direct proportion to each shareholder's effective interest in Anglo Platinum and Kumba).

The terms of the Proposal would, based on closing market prices as at 23 April 2024, being the last trading day prior to press speculation, represent:

· a total value of approximately £25.08 per Anglo American ordinary share1 including £4.86 in Anglo Platinum shares and £3.40 in Kumba shares, valuing Anglo American's share capital at £31.1 billion;

· a premium on the implied market value of Anglo American's unlisted assets2 of approximately 31 per cent;

· a premium on the implied market value of Anglo American's unlisted assets2 of approximately 78 per cent. to the volume weighted average closing price of Anglo American's shares (adjusted for the attributable volume weighted average closing prices of Anglo Platinum and Kumba) in the 90 trading days prior to and including 23 April 2024; and

· a 19% premium to the broker median net asset value of Anglo American excluding Anglo Platinum and Kumba of USD21.8 billion1,3.

The Proposal is non-binding and subject to customary conditions including completion of due diligence to the satisfaction of BHP. Anglo American has been offered reciprocal due diligence on BHP.

In addition to allowing Anglo American shareholders to realise an immediate and substantial premium over the current value of their Anglo American shares, the combination would deliver further ongoing value for Anglo American shareholders.

· The combination would bring together the strengths of BHP and Anglo American in an optimal structure. Anglo American would bring its assets and long-term growth potential. BHP would bring its higher margin cash generative assets and growth projects along with its larger free cash flows and stronger balance sheet.

· The combined entity would have a leading portfolio of large, low-cost, long-life Tier 1 assets focused on iron ore and metallurgical coal and future facing commodities, including potash and copper. These would be expected to generate significant cash flows and the combined entity would have the financial capacity to support value adding growth projects at the optimal time, while continuing BHP's commitment to shareholder returns.

· The combination would also deliver meaningful synergies, including from sharing best practice, creating procurement, operational and marketing synergies and eliminating duplication, which would enhance profitability and value for Anglo American shareholders.

· The combined entity would retain BHP's global listings on the ASX, LSE, JSE and NYSE and Anglo American shareholders would be able to benefit from the BHP's monthly share trading liquidity of approximately US$10 billion.

· The Proposal would provide Anglo American shareholders with the benefits of directly holding their interests in Anglo Platinum (78.6%), the world's leading PGM miner, and Kumba (69.7%) as shareholders, including enabling direct access to the future value generation and dividends of Anglo Platinum and Kumba. Additionally, Anglo American shareholders would gain the ability to calibrate their relative exposures and determine their optimal shareholding levels in Anglo Platinum and Kumba.

The combination is consistent with BHP's strategy including its focus on long term fundamental value and its capital allocation framework and would be attractive to BHP's shareholders. The benefits to BHP shareholders would include:

· increasing BHP's exposure to future facing commodities through Anglo American's world class copper assets;

· complementing BHP's iron ore and metallurgical coal portfolios with Anglo American's high quality iron ore operations in Brazil and metallurgical coal assets in Queensland, Australia;

· providing Anglo American's value adding copper growth options and increased geographic diversification of operating footprint; and

· delivering meaningful synergies.

Anglo American's other high quality operations including its diamond business would be subject to a strategic review post completion.

In addition, Anglo American has a deep pool of talented people who would continue to make a valuable contribution to the successful operation of Anglo American's assets within the combined group. BHP also believes the combination would also be attractive to communities where greater financial strength could support further development.

BHP is committed to its capital allocation framework and maintains a disciplined approach to mergers and acquisitions.

This announcement does not amount to a firm intention to make an offer and there can be no certainty that an offer will be made. There is no certainty that any form of agreement or transaction will be reached or concluded.

As stated in the announcement made by Anglo American on 24 April 2024, in accordance with Rule 2.6(a) of the Code, BHP must, by not later than 5.00 p.m. on 22 May 2024, either announce a firm intention to make an offer for Anglo American under Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies (see below in Important Notices). This deadline can be extended with the consent of the UK Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code.

Pursuant to Rule 2.5 of the Code, BHP reserves the right to vary the form and/or mix of the offer consideration and vary the transaction structure. BHP also reserves the right:

· to amend the terms of any offer (including making the offer on less favourable terms and/or at a lower value):

· with the agreement or consent of the Anglo American Board; or

· following the announcement by Anglo American of a Rule 9 waiver pursuant to the Code; or

· if a third party announces a firm intention to make an offer for Anglo American at a lower price and/or on less favourable terms than contemplated under the terms of this proposed offer; and/or

· if Anglo American announces, declares, makes, or pays any dividend or any other distribution or return of value to shareholders, to make an equivalent reduction to its proposed offer; and/or

· to implement the proposed offer by means of a takeover offer as opposed to a scheme of arrangement.

This announcement is being made by BHP without prior agreement or approval of Anglo American.



Footnotes

1. The number of fully diluted Anglo American shares assumed excludes shares held by Tarl Investment Holdings Limited, Epoch Investment Holdings Limited, and Epoch Two Investment Holdings.

2. Anglo American's unlisted assets comprises the entirety of Anglo American's assets excluding its shareholdings in Anglo Platinum and Kumba. The premia are based on the value of BHP's share consideration offered versus Anglo American's share price less Anglo Platinum's and Kumba's attributable share prices.

3. Net asset value is based upon a median of the six brokers which disclose SOTP, including Anglo Platinum and Kumba, alongside latest reported Anglo Platinum and Kumba net cash balances as of 31 December 2023.



Authorised for release by Stefanie Wilkinson, Group Company Secretary.
Posted at 11/12/2023 07:56 by factsandfigures
Anglo American plans to reduce iron ore and copper output in the near term to lower costs, as it tries to boost its share price.

AAL shares have already slumped by over 30% this year .

After the production, capex, and costs guidance on Friday, shares of Anglo American – which produces copper, nickel, platinum group metals, and diamonds, among others – fell heavily on the London Stock Exchange.

Year to date, Anglo American’s shares has lost 36%, compared to an 11% share price increase for Rio Tinto and a 5% rise in BHP’s share price so far this year.
Posted at 08/12/2023 14:04 by fuji99
Could this be specific to Anglo or to the sector as a whole ? If it's the whole sector that suffers, AAL share price may follow when the likes of RIO and BHP for example flag up similar difficulties.
Posted at 08/12/2023 13:20 by fuji99
The US job report in the next 10 minutes will decide on the next market direction and possibly on AAL share price recovery or stagnation.
Anglo American share price data is direct from the London Stock Exchange

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