Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 13,719
- Reactions
- 10,372
Cheap at the price really, BHP guilty as sin.
I'll be buying more tomorrow.
gg
View attachment 175930
Cheap at the price really, BHP guilty as sin.
I'll be buying more tomorrow.
gg
Waiting patiently for price drop to $40
i wouldn't be super-excited @ $40 ( no backing up the truck for me )I was going to buy BHP today but the market was down and I was greedy. I tend to agree with @Rabbithop that it is a buy at $40, ex divie and t/o of Anglo depressing the price.
The high for the year was $50 or thereabouts and the low is around $42 as it is today. I enclose a 12 mo. daily with an RSI and a 5 year weekly with a 50m SMA. I guess these decisions are what you pay financial advisers for to lose your money. Its a big bet.
View attachment 176014
View attachment 176015
gg
i tend to agree , i think if we see 40 that 38 is probable and i see 40 as probable . Lot of outgoings forseeable re BHP in next period or 2 . I think this takeover is dead in the water now also . Re this tailings dam thing BHP time to pay the piper is soon and given the SH class action the size of that is yet to be determinedi wouldn't be super-excited @ $40 ( no backing up the truck for me )
but maybe a smallish parcel , i could do
Earnings revisions are falling away in last month and i see Goldman has withdrawn coverage in last couple weeks . Stormy weather ahead ( sorry Captain ;-) ) .... I think next earn report will shine a light on the road ahead on Aug 27th with an operating update on July 17th possibly giving some into . The 2 key dates going forwards outside any class action updatesMight help some , might hinder others . BHP had some 'oneoff' costs effect EPS this year . This class action also has that potential going forwards and that may be reflected in shareprice at some stage once it actually hits the courts (media ) . I believe this class action is going to make returns slim until a resolution , of course if it all works out for BHP and no liability is found returns will all come back in a rush , this is when i will likely hold BHP for a year or so but untill then i will be in and out as circumstances dictate using my systematic approach . good luck to all . View attachment 173649
I am so happy not to hold.BHP Group provided Revised proposal for Anglo American.
The Revised Proposal reflects the Company's transaction structure set out in the Initial Proposal.
Under the Revised Proposal, the Company has increased the number of shares that would be received by Anglo American shareholders.
i hold BHP
hmmm
increased dilution
how will the market take that
.. and Anglo still thinks the offer is too low , i wonder what Anglo shareholders think
but by divesting the coal , doesn't that make it more attractive to GlencoreIn a swipe at BHP, Mr Wanblad said he had wanted to wait until after the South African elections on May 29 before announcing his restructure of the company, which will require South African government approval for a demerger of its platinum and diamond mines.Anglo American to sell Queensland coal in big shrink, spurning BHP
Anglo American will sell or shut everything except its copper, iron ore and potash mines as part of a strategy to dodge BHP’s advances.www.afr.com
London-listed Anglo said last week that it would break itself up as it tried to convince shareholders that it had an attractive future as a standalone group after rejecting two offers from BHP.
Under the radical plan, Anglo would hive off its De Beers diamond and South Africa-based Anglo American Platinum businesses as well as its coking coal assets. The group would instead focus largely on its iron ore and copper assets, which are coveted by BHP.
“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, which is a top 10 investor with slightly less than 2 per cent of Anglo’s stock.
“We agree the execution of this plan will be challenging for management to deliver on, but we are confident in their ability to do so over time.”
BHP’s second all-stock proposal valued Anglo’s shares at £27.53 and the company at £34bn, up from approximately £25 a share, or £31bn, in the first approach.
Under UK takeover rules, BHP has until 5pm on Wednesday to lodge a formal offer or walk away, giving the board of the world’s largest miner hours to make a last-ditch effort to bring Anglo to the negotiating table.
Stansbury of LGIM, which also holds almost 1 per cent of BHP shares, said that the pair of proposals from BHP “are far from reflecting fair value for the business. For a takeover offer to be attractive an offer would need to be at a reasonable premium to fair value.”
as a BHP holder , i still fail to see what the big urgency is ,
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?