elephant in the room that no one wants to talk about is de beers. its worth what someone is willing to pay. they will struggle to find buyers for what i would call now a run off asset. i expect they will spin it off to shareholders who would do best to get rid on the first day of trade. nobody wants to talk about it but everyone knows. |
Yes I suspect the same too.
For sure when things went a bit nuts in China recently they would have spoken about this and when you add in the recent visit to SA there is bound to be talk of a new bid.
I think this is for sure on the radar of others too but right now there is no need to do anything. Early next year though and we may see something happen is what I think.
Good luck all 👍🏻 |
BHP can come back any time if there is a third party bid and would not have to wait the full 6 months, although I suspect they would wait until Anglo disposed of the De Beers element and South African platinum part so it's a lot tidier |
?? Trouble is its a grossly undervalued and over sold stock after a failed take-over OR the market expects another attack. I'm a long term holder and will stay with it. |
BHP walked away from Anglo on 29th May so can't come back until 29th Nov (at the earliest) |
Given the significant share movement since mid Sept does anyone think there is something going on in the background here ? |
Very possibly, Julie. But at 6am, whilst slowly recovering the will to live, I need something a little less challenging! |
News24 Business section |
Are you disputing the "news", Julie?
Or simply rubbishing the FT and the Today programme. Both of which, I agree, are questionable but have their uses.
To be fair to the BBC they weren't presenting it as "news". Their guest analyst mentioned it as part of a general discussion whilst, importantly, acknowledging the source. |
'BBC Today programme', they got it from the FT 🙄. Has "news" really come to this? |
An item in this mornings BBC Today programme.
Apparently executives from BHP have been involved in talks with South Africa's Public Investment Corporation, AAL's largest investor.
Are they preparing the ground for renewing their bid sometime next month once the six month moratorium expires? |
Starting to now lean towards there may be something in this recent move from a BHP bid perspective.
Miners doing ok today too so this one has not gone up much more compared to them but it is currently ahead for some reason. Over 2480 without strong news from China would make me feel more strongly though that something is on the cards.
Good luck all 👍🏻 |
It's that funny looking thing at the end of your leg... |
BHP laying the groundwork (addressing previous concerns) ready to make another offer when the takeover rules allow. Next 2 or 3 weeks I think, not sure on the exact timing. |
12 inches ? |
Hopefully there is but I am not so sure based on the opening today.
Good luck all 👍🏻 |
Something afoot here. |
Mike Henry could have been in South Africa for a number of reasons l hope he doesn’t bid for AAL TOO EXPENSIVE other miners could be on his Radar |
I seem to have missed this news from the 8th October. He obviously didn't think a bid was coming but perhaps whoever he sold them to did.
........................................................................................................................................................
Anglo American PLC - London-based miner - Ruben Fernandes, regional director for Americas, sells 30,000 shares at GBP24.16, worth GBP725,040, on Friday last week.
Current stock price in London: 2,295.50 pence, down 6.1% on Tuesday
12-month change: up 6.9%
By Tom Waite, Alliance News editor
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved. |
I wrote recently here that with the China stimulus news / lift in miners this could happen.
Fingers crossed there is something in it and a deal can happen at 2800+
Good luck all 👍🏻 |
Overview - BHP CEO Mike Henry met government officials in South Africa last week, fuelling speculation that the Australian miner will resurrect its failed 39 billion pounds ($50.65 billion) bid for Johannesburg-based rival Anglo American .
Now why would he do that? |
"BHP chief sparks fresh Anglo bid speculation after South Africa trip."
From the Financial Times. I don't have a subscription so I can only report the headline. |
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