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I might buy BHP, however ill wait till the dust settles, i bought in to AAL for woodsmith, whoever gets control ill buy into that, just took the easy money off the table
It's a steal, Woodsmith well on way plus Quellaveco copper mine producing. BHP trying a low ball offer, as a holder in BHP too I'd be disappointed if they hadn't.
Not selling either.
I'll hold on. £30 would be nice. My average (not counting the Thungela bonus) is about £18, so even today's price would be good, but there is underlying value (Wordsmith, anybody?) which could make the (not that long ago) highs of £40 closer to fair value.
Sorely tempted to do the same as you guys but resisted the temptation. Also wanted to buy into L&G but couldn't see anything in my portfolio I wanted to sell. Might do in a few days as other dividend payments are coming up.
Re AAL, expect it to fall tomorrow (2-3%?) as we wait for news but think a bid will be made and accepted at some point so will hold.
Same here Roxi, bought in at £18.50 odd, sold earlier today just over £25.
Very happy with 8ncrease for a few months hold.
Flipped the cash straight into post exdivi Lgen for longterm divi hold top up.
very pleased.
I've taken the current Sp value, guys, happy that I've made £7.50 profit for each share i bought at £18, now got a decent wedge to invest in some of y other shares I'm involved in, might just split it up equally amongst those.
happy days , nice profit going into other stocks with great potential.
£28 give or take is my estimate, BHP will probably keep buying up to that level, at least I hope.
BHP appear to be buying lots knowing they are going to have to put in a bigger offer by which time they'll only be dealing with 3 or 4 of major shareholders. A sweet deal for the men in charge and its all sorted !
£28-£30 seems to be the realistic range that financial analysts are talking about. Anything less probably is not worth the hassle. Given the cyclical nature of miners, AAL could easily be nudging £40 again in a couple of years’ time, especially with Woodsmith online.
It seems unusual that there are zero messages but a huge volume being traded. Assume its mostly BHP ?
LSEprices way behind the curve ?
£ 1 Million buy gone through, beginning to warm up nicely now.
I wouldn't sell now. £25 is a safe base, the upside from here looked looks very promising. I think BHP are continuing to buy and the big holders are saying £25 is not enough so it should continue to rise. For once it looks like a safe bet !
What's the best investment strategy for us investors, given that the share price is already £25? Sell now and if/when the bid is rejected buy back in? What's the upside of holding?
Are BHP building a big holding but under 30% to push the vote in favour of accepting a miserly offering. It seems to be working, they are hoovering up share at £25 and the shareholders are giving them away. I guess the price will begin to rise as they buy up 15-20% or so and quick profit takers depart. I also guess it depends on what percentages are in 'safe' hands !
Track11; is that your way of saying you agree with me? if I understand you correctly and BHP are trying to steal.
-- Per bloomberg - their offering 31.1 billion for anglo, current market cap is 33.35+ billion
On this point, hard to see where is 31% premium.
If it's the premium "over the implied value of Anglo's unlisted assets" (--BHP) that language implies that if Anglo were to list those assets separately, they must've been trading cheaper than the AAL altogether as of yesterday -- 2,140.
It's also a complete upside down: parts are cheaper than the sum.
Spent not sent
Woodsmith is such a potential cash generator and have they sent a few billion on it already. It will be such an efficient low cost operation that I am sure £25/share will look cheap in two years as the Woodsmith potential comes into focus.
The first major shareholder to dismiss the offer as 'unattractive and opportunistic'. Expect others to reinforce this message.
BHP may find their managerial and strategic competence under fire. My bet is on a significantly improved offer to stave this off.
Just sell the day before the transaction is due to complete.
Then you can buy back the components you want to keep.
The transaction fees in the scheme of things are neither here not there.
My only reservation about the merger is the prospect of holding shares in the spin-off companies, which makes portfolio housekeeping a bit messier. Also, if and when the time comes to sell, it means more transaction fees.
I note BHP are down today which may indicate its unlikely they’ll increase the offer in the event £25 is rejected but at least the market is aware now of how undervalued Anglo American and to a wider extent the mining sector is still!