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AAL Anglo American Plc

2,545.50
-4.50 (-0.18%)
Last Updated: 12:36:47
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
  -4.50 -0.18% 2,545.50 424,815 12:36:47
Bid Price Offer Price High Price Low Price Open Price
2,545.50 2,546.50 2,578.00 2,541.50 2,558.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 30.84B USD 283M USD 0.2116 120.72 34.11B
Last Trade Time Trade Type Trade Size Trade Price Currency
12:36:47 AT 138 2,545.50 GBX

Anglo American (AAL) Latest News (2)

Anglo American (AAL) Discussions and Chat

Anglo American Forums and Chat

Date Time Title Posts
04/12/202410:29Anglo American - Global Mining Group1,763
10/8/202314:42ANGLO AMERICAN - 2006311
29/7/202108:30ANGLO AMERICAN - AAL6,812
19/9/201814:34Angle American-
25/7/201819:52Anglo 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
12:36:472,545.501383,512.79AT
12:36:472,545.504101.82AT
12:36:262,546.5039993.14AT
12:36:262,546.50922,342.78AT
12:36:262,546.50511,298.72AT

Anglo American (AAL) Top Chat Posts

Top Posts
Posted at 30/11/2024 08:49 by tuftymatt
Jefferies have raised AAL from hold to buy with a 2850 price target.

Explains yesterday but at the same time will make the likes of BHP sit up and take notice.

Good luck all 👍🏻
Posted at 29/11/2024 15:50 by tuftymatt
Yeah it's cleaning up its act and the likes of BHP have got to be taking notice.

DLG has been a pain trade for me, until a few days ago, and AAL has been too really so maybe there is a chance takeover news could return here very soon also 🤞🏻

Good luck all 👍🏻
Posted at 14/11/2024 16:17 by cobourg1
Graeme Evans - Interactive Investor.

Glencore
GLEN
0.52%

Shares have also fallen by a double-digit percentage in the past month, leaving the mining giant close to its low point for this year at 373p.

This is part of an ongoing de-rating for shares after it paused top-up returns so it could focus on deleverage in the wake of buying the steelmaking coal business of Canada’s Teck Resources.

Shareholders are now wondering whether Glencore will bolster dividends alongside annual results in February or opt to pursue further growth through M&A, potentially involving a deal to buy the coal business of Anglo American
AAL.

(Or they could bid for the whole lot. Glencore don't mind operating in Africa and in many ways would be more acceptable to the South African authorities than BHP who have a poor reputation. Anglo have always looked to be a good fit to me. cobourg)


.
Posted at 28/10/2024 09:41 by tuftymatt
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 👍🏻
Posted at 11/9/2024 11:09 by mattybuoy
This placing establishes a putative price for the Anglo-Plats shares, if and when they are distributed to shareholders. Assuming there will be a LSE version of the Anglo-Plats stock it looks like it might be worth around £22 a share (with GBP-ZAR = 23.3).

The respective share counts also look to imply a ratio of around 1 Anglo-Plats share per 4 AAL shares.

If this is correct bring it on please.
Posted at 30/5/2024 09:00 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 19:50 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 11:15 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 25/4/2024 10:25 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 06:42 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.
Anglo American share price data is direct from the London Stock Exchange

Anglo American Frequently Asked Questions (FAQ)

What is the current Anglo American share price?
The current share price of Anglo American is 2545.5p.
How many Anglo American shares are in issue?
Anglo American has 1,337,577,913 shares in issue.
What is the market cap of Anglo American?
The market capitalisation of Anglo American is GBP 34.11 B.
What is the 1 year trading range for Anglo American share price?
Anglo American has traded in the range of 1,650.60p to 2,813.00p during the past year.
What is the PE ratio of Anglo American?
The price to earnings ratio of Anglo American is 120.72.
What is the cash to sales ratio of Anglo American?
The cash to sales ratio of Anglo American is 1.11.
What is the reporting currency for Anglo American?
Anglo American reports financial results in USD.
What is the latest annual turnover for Anglo American?
The latest annual turnover of Anglo American is USD 30.84B.
What is the latest annual profit for Anglo American?
The latest annual profit of Anglo American is USD 283M.
What is the registered address of Anglo American?
The registered address for Anglo American is 17 CHARTERHOUSE STREET, LONDON, EC1N 6RA.
What is the Anglo American website address?
The website address for Anglo American is www.angloamerican.com.
Which industry sector does Anglo American operate in?
Anglo American operates in the FINANCE SERVICES sector.

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