Yeah I think they are still interested too now.
I suspect some unofficial conversations will take place to see if it's worth making an approach again though. I know that's not how it should work but we all know that's how it does work. If the signs are good then in comes an offer which gets rejected. The second offer then comes in and gets accepted is how I would suspect it goes this time round.
Good luck all 👍🏻 |
“We made an approach to Anglo American earlier this year … we thought there was an opportunity here to create something unique and special, a bit of a sort of a ‘one plus one equals three’ opportunity.
“Unfortunately, Anglo American shareholders had a different view, and they thought there was more value in the plan that their management wanted to execute. And so they moved on. And quite frankly, so have we.”
There are two tell tale signs that he wasn't being entirely (or even slightly) candid: '...was an opportunity here' would have been '..was an opportunity there' if it was over, and any time someone says 'quite frankly' or 'to be honest' they're about to lie! |
Paper talk now that BHP have left an offer on the table.
Let's see what next week brings and maybe adding at 2375 is worth a look if we get a pullback.
Good luck all 👍🏻 |
 Agreed, Julie.
"BHP Group Limited (BHP) notes the press reports of comments made by BHP in response to questions at its Annual General Meeting on 30 October 2024 regarding Anglo American plc (Anglo American).
BHP clarifies that these comments were not intended to be a statement to which Rule 2.8 of the UK City Code on Takeovers and Mergers (UK Code) applies, nor intended to carry any other consequences under the UK Code.
The UK Takeover Panel Executive has confirmed that the comments made will not be treated as a statement of intention not to make an offer in respect of Anglo American for the purposes of Rule 2.8 of the UK Code.
BHP remains bound by the Rule 2.8 restrictions set out in its announcement dated 29 May 2024 which apply for six months from the date of that announcement, subject to the reservations set out in that announcement."
No more or less than the bog standard Foreign Office response that they were obliged to issue.
To admit that the rumours have validity would be in breach of the UK City Code. |
That did cross my mind when I saw the opening price today in a negative market. If we see a break and hold of 2480 I will be more confident though.
Good luck all 👍🏻 |
I don't believe it for one second! Negotiating ploy. |
Glad I waited as the comment from the BHP CEO has really put the nail in the coffin when it comes to them bidding for AAL again.
Good luck all 👍🏻 |
Looks like you may have to loosen your wallet any time soon, Tufty!
Here's hoping. |
Interesting to see the share price knocking on the door of the recent high that was triggered by the China stimulus news.
With everything having gone a bit flat on that front I am starting to wonder more and more about this recent tick up being bid connected. Who knows but I will add on a break and hold of 2480.
Good luck all 👍🏻 |
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? |
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