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Let's hope so, they are a better bet
Glencore up 3% maybe they are next in the ring ??!!!!!
So somebody else must have done a massive 41 million buy ... ?
Maybe a big spike in to the closing bell with an aftermarket RNS or one first thing in the morning..who knows , but time is slowly running out and someone will have to make a bid soon if they want to put a rival bid in !!!!
The bid needs to be £30 minimum to be accepted I think...anything less will be a no no .....
….although BHP’s sp hasn’t budged, so maybe not. (Glencore is up too).
I wonder if the cat is out of the bag re BHP’s revised offer. 28p?
Yes you're right half asleep that time in the morrning ......
I'm quite new to trading but even I knew that 's an uncrossing trade Soton.
UT
And a massive 41million sell at 16:35:29......
Quite a bit of money spent at full price after hours.RNS first thing ?
Yep , A 4m 1m 1m and a few small larger trades .........................something heard on the grapevine maybe ???????? GLA.
There seems to be some very large buys reported? I could be mistaken though.
12 days left for formal revised offer from BHP. Just wanted to post something :)).Sid.
Chisler, my serious answer is that you cannot value a basket case. If you want to try, use the following as a helpful template:
https://www.smh.com.au/business/companies/bhp-s-60b-bid-forces-anglo-american-to-confront-its-own-shortcomings-20240501-p5fnyl.html
The company's sp never recovered with any stability following the Financial Crisis, with shareholders eventually left sitting on near complete capital wipe out by the end of the 2015 commodity crash. At which point the previous CEO humiliatingly announced that he intended to break up the company and sell it as fire wood. He was serious about doing it too. Then commodity prices unexpected recovered vertically in 2016, hence he was able to back track out of that, and eventually he left touting himself as a genius when the share price had an extraordinary double-up bubble moment in early 2022 thanks to a pandemic followed by a war. The screaming exit point was at £35 then (and if you held on all the way to £41.50 you were a genius or a very lucky fool).
My view is if you hold this share then pray - hard - that BHP returns with an increased bid and if it does take it and run. I do not see anyone else bidding foreseeably. Find somewhere else to put your money to chase any remaining upside you are owed / hoped for.
GrowUp...could you indulge me with youre mcap value of Anglo.
chisler
O.k.
Thank you for pointing that out.
I will try to be more careful in the future.
kindest regards
chisler
Yes,
and F.T. published jango Davison views in the F T Weekend.
chisler
Chisler, putting the two words in question in quotes does not alter what you made out. You plainly made out that the FT itself described the bid in those terms. Again for the FT to express an opinion in such terms would be in my view quite extraordinary, hence why I called you out. The FT quoting someone expressing such a view is just not remotely the same.
Just to be clear re the previous post, I see an FT article dated 3 May which quotes someone named Django Davison, a partner and portfolio manager at Hosking Partners, as having, "described BHP's offer as 'comedy' and 'offensive' to the South African Government". He is then quoted again in the next paragraph expanding the basis for his view as to why it is offensive in that sense. I am not an FT subscriber but I have done searches on Google and on the FT website itself and get no result for any article on BHP/Anglo on 4/5 May.
Rob Rose and Monica Mark...Johannesburg,
and
Lukanyo Mnyanda.....london..
reported the article in black and pink.
and i used ""
chisler
Chisler, I have already addressed this in a post below - I stand to be corrected, I very much doubt I will be because I have just searched again. Please post an accessible link for non-subscribers, or provide a direct quote, of an FT article where the FT ITSELF describes the bid as "comedy" and "insult", as opposed to quoting a fund manager expressing an opinion in those terms. There is a world of difference.
Thats 4th and 5th may....forgive my sausage fingers...
chisler
GrowUp ...page 15 saturday/sunday F..T. dated 4th , 3th may 2o24.
hope that helps.....dont know how the hell you missed it ....its a full page.
chisler