Anglo American Share Discussion Threads

[tuftymatt] 30/10/2024 16:01

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 👍🏻

[theapiarist] 29/10/2024 09:56

Looks like you may have to loosen your wallet any time soon, Tufty!

Here's hoping.

[tuftymatt] 28/10/2024 09:41

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 👍🏻

[roguetraderuk] 24/10/2024 20:16

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.

[tuftymatt] 24/10/2024 12:24

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 👍🏻

[casket1] 24/10/2024 08:52

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

[hopefulalways] 24/10/2024 08:48

?? 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.

[casket1] 24/10/2024 08:43

BHP walked away from Anglo on 29th May so can't come back until 29th Nov (at the earliest)

[casket1] 24/10/2024 08:37

Given the significant share movement since mid Sept does anyone think there is something going on in the background here ?

[theapiarist] 21/10/2024 13:02

Very possibly, Julie. But at 6am, whilst slowly recovering the will to live, I need something a little less challenging!

[juliemara] 21/10/2024 09:47

News24 Business section

[theapiarist] 21/10/2024 08:18

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.

[juliemara] 19/10/2024 19:03

'BBC Today programme', they got it from the FT 🙄. Has "news" really come to this?

[theapiarist] 18/10/2024 12:09

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?

[tuftymatt] 18/10/2024 12:07

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 👍🏻

[casket1] 18/10/2024 08:21

It's that funny looking thing at the end of your leg...

[wet your knot] 18/10/2024 07:51

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.

[neilyb675] 18/10/2024 07:43

12 inches ?

[tuftymatt] 18/10/2024 07:24

Hopefully there is but I am not so sure based on the opening today.

Good luck all 👍🏻

[pander45] 17/10/2024 15:10

Something afoot here.