Anglo American Share Discussion Threads

[pander45] 22/5/2024 13:32

Deadline extended. Subtle clue.

[pander45] 22/5/2024 13:32

You think?

[tuftymatt] 22/5/2024 13:32

£29.34 rejected so will BHP come back with £30 something next week?

That must be what has been indicated by AAL as why extended the deadline otherwise.

Good luck all 👍🏻

[halfpenny] 22/5/2024 13:30

Looks like its TAILS YOU LOST !!

[cobourg1] 22/5/2024 13:25

Give it a rest halfpenny. There is a basic fact at the bottom of all this:

- ANGLO ARE NOW IN PLAY AND THERE'S NO GOING BACK!!

If they don't go today they will go later in my opinion, with someone else. Or BHP will wait 6 months while the Anglo management prove or otherwise that they can or cannot carry out the restructuring.

[halfpenny] 22/5/2024 13:19

Heads You Win Tails you Lose!!!

Do you Feel Lucky !!

Just watching as its a big gamble as any great upside is unlikely BUT Great Falls are considerable....only tine will tell!!

Do you Feel Lucky !!
Do you Feel Lucky !!
Do you Feel Lucky !!

[pander45] 22/5/2024 13:19

Interesting now.

[ashwani01] 22/5/2024 13:19

Deadline extended to 29 May

[ashwani01] 22/5/2024 13:18

£29.34 offer rejected

[pander45] 22/5/2024 13:17

Something happening?

[halfpenny] 22/5/2024 13:14

Just look at the price falling WHY??

No deal as many sell. Further Falls 20% now expected as No Deal is likely with only a few hours to go.

2200 a support level to be tested soon as Deal is more likely off!!

Too Risky as more sell Off!!

[cobourg1] 22/5/2024 13:10

Interactive Investor stopped trading in AAL a little while ago although it's back on now. An indication of the frenetic activity that's taking place today.

IG Index will let me place a spread bet but I can't protect it with a guaranteed stop, indicating that they think there's going to be a dramatic instantaneous movement either up or down.

It's not investing, it's gambling.

[spier40] 22/5/2024 12:11

Halfpenny ,where are you getting your information from on a no deal , as for the price falling so are all the other mining shares ,I still think bhp will make another bid , its just a waiting game ,when the offer does come she has fast Anglo will rise ,I bought more on the dip to day

[tuftymatt] 22/5/2024 11:39

I still think the same price movement that happened with IDS recently can happen here on deadline day.

If not we suck it up and move on with the turnaround story.

Good luck all 👍🏻

[saltraider] 22/5/2024 11:15

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.

[halfpenny] 22/5/2024 09:45

Looks like BHP walking away as share price falls further... somebody selling before 5pm deadline offer Not made.

Is there a SHORT SELLER waiting to make a huge gain!!?

[pcok] 22/5/2024 09:38

Woodsmith is a gem of an asset but development costs are very high. Once completed 100 years plus of green legislation compliant organic product will become a mainstay of the portfolio. I for one can see the long term benefit of this investment. A problem of the London market seems to be this inability to accurately value the potential of future acceleration of income streams and instead focus on short term returns. This is a longer term prospect. I note BHP did not ask for its divestment as a condition of the bid. Maybe they are aware of the potential here other than a pure copper play.

[sundial1] 22/5/2024 07:37

Got to turn over at least $425m annual. it will only get half that when it kicks in

[sundial1] 22/5/2024 07:33

woodsmith be the white elephant. getting rid of that first which they won't, not even credible poly4

[chopp1] 22/5/2024 06:48

Well hopefully it won’t happen if as is looking likely BHP back off. I’m with L&G in this one.

[theapiarist] 21/5/2024 21:26

Certainly, chopp. Copper is what they're after. The world is experiencing a supply deficit in copper and it seems that $12,000/tonne is the starting point at which it becomes economic to develop a new copper mine, taking 5 years to reach the production stage. We are currently at $10,800. Therefore the emphasis now seems to be on purchasing existing production rather than exploration and development. However AAL is not a pure play on copper but has all the other baggage that you hinted at, which both BHP and AAL seem anxious to ditch, inevitably dragging the value down.

No one would be happier than me to see £40 or even £35. But in my opinion, it simply won't happen.

[chopp1] 21/5/2024 15:33

TheApiarist, I am fully aware of what has happened over the last two years, notably the downward spiral in commodity prices. But that is rapidly changing with copper prices now hitting all time highs amongst fear of global demand exceeding supply. And that is precisely why AAL should not sellout cheaply; they hold extremely valuable assets and if they are going to sell they should ensure they maximise the potential value, not as it is now but in the future.£35 a share is the absolute minimum they should be considering. Anything less is selling out cheap.

[penandnen] 21/5/2024 08:50

Silence is deafening here, given the excitement to crunch-time 5-00pm tomorrow. Looks like market is expecting the long-haul as AAL tries to sell its jewellery, coal and other car-boot items. Time to sit back in the deck-chair?

[cobourg1] 20/5/2024 17:07

From NewsNow search - Anglo American



Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer.

The radical plan to divest Anglo’s less profitable coal, nickel, diamond and platinum businesses followed its rejection of two all-share takeover approaches from BHP, the world’s biggest listed mining group, which had proposed a $43 billion deal on the condition that Anglo first spins off its South African operations.

“The plan outlined by Anglo American is a radical but attractive strategy to create value for long-term investors,” said Nick Stansbury, head of climate solutions at LGIM.

LGIM is among Anglo’s biggest investors with a stake of about 2%, LSEG data shows.

“The execution of this plan will be challenging for management to deliver, but we are confident in their ability to do so over time,” Stansbury added.

Under U.K. takeover rules, BHP has until 1700 GMT on Wednesday to make a binding bid for Anglo or it will be forced to walk away for at least six months. If the companies find an agreement in the meantime, an extension can be granted.

Anglo American and BHP Group declined to comment.

BHP Chief Executive Mike Henry told investors last week that Anglo shareholders must consider the benefits of a combination of the two companies and which team they think has a better track record of executing projects and delivering returns.

Henry also said he was disappointed with the Anglo board’s continued refusal to engage.

“Our discussions with Anglo American indicate that their board are acting appropriately with regards to the level of engagement they are having with BHP,” Stansbury said in an e-mailed statement.

LGIM does not see a clear reason for the Anglo board to change stance unless BHP offers a reasonable premium to the underlying fair value of Anglo’s assets, he added.