Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Well I held when it was over 40£ because I believed with the new acquisitions of copper mines at the time,(excuse the pun) that Anglo was going to be a gold mine for me in dividends alone.
So IF and that's a big IF there is a bidding war.....How much do you think the share price could rise too,,,,,Would £35-£40 be unrealistic?
There are a couple of articles in The Sunday Times regarding further possible Anglo takeover scenarios. The prospect of a Glencore all-share merger with Anglo, without the conditions that complicate BHP’s offer, sounds particularly attractive.
Glencore is the predator to watch as Big Aussie stalks Anglo American
https://archive.ph/iSHFP
Inside BHP’s Anglo American bid: the £31bn tug of war over copper
https://archive.ph/mbhwu
Hopefully RIO will show their hand here as they seem to be sat on the sidelines with all the recent mining M & A's (this one, Glen/Teck, BHP/Oz minerals, Newmont/ Newcrest), these are all driven by trying to acquire instant access to copper without the need of building a mine from scratch (pressumbly for the next bull run over the next 5 year period), but none of them seem keen to start any brownfield/shovel ready mine developments.... but prefer to buy operational mining projects instead...
"Considering" is the important part! 🤔
They will, they'd never make their best offer 1st time out, they will have probably 2 revised offers under wraps.
The interesting thing will be if someone else shows their hand, say Rio Tinto, then the bids could explode.
Obviously this is just my opinion but I don't believe anything will be considered under £30 a share.
Your link doesn't seem to work, try this one!
https://www.reuters.com/markets/deals/bhp-consider-improved-anglo-proposal-after-bid-was-rejected-bloomberg-news-2024-04-27/
Interesting read..... https://www.reuters.com/markets/deals/bhp-consider-improved-anglo-proposal-after-bid-was-rejected-bloomberg-news-2024-04-27/....... Thoughts anyone.....
Typically, the mega-merger deal playbook goes like this. An initial offer is rejected. The suitor returns with a higher bid, which may also be turned down. Sometimes, other bidders throw their hats into the ring, a final offer wins through, or the deal gets shot down and the target’s share price dives.
With Elliot accumulating, the biblical propecy seems apt.
President and CEO, of Rule Investment Media LLC, Rick Rule discusses the financial and strategic aspects of BHP Group Ltd’s £31 billion all-stock offer for Anglo American PLC.
Anglo American PLC (LSE: AAL) has turned down an all-stock offer of £31 billion from BHP Group Ltd (LSE: BHP, ASX: BHP), labelling the bid as ‘opportunistic’ and significantly undervaluing the company. The proposal was criticized for its complexity and the uncertainty it would bring. https://youtu.be/HzJunBPo7zI?si=5JZVEZcy_-YdPDXc
https://www.share-talk.com/rick-rule-a-comprehensive-analysis-of-bhps-all-share-bid-for-anglo-american/
Given we are now well above the offer price from BHP it's hard not to feel there's at least one more bid, either from BHP or someone else on the way.
IDK the rules but surely BHP can't short the stock and then walk away from their offer as that would be market manipulation so seems more likely they are trying to buy shares below their next offer price so they get the company a little cheaper overall.
I'll be holding for now, only up 10% or so so anyone who's up huge I can't criticise taking some profit but I expect at least one more jump here if not more.
Good luck!
Jamglas, looks like your holding that extra day has done you proud, good call there.
Nudged past £27 for a few minutes today. Let’s hope it’s a sign of things to come. Surely an offer of £28-30 can’t be far off - and it may not be from BHP.
As I have mentioned on various other boards when a bid situation arises, stock exchange rule 8.3 is implemented which means that any organisation holding more than 1% of a target company's stock is required to declare it and any subsequent changes. As a PI it is useful because it means the big boys are playing poker with their cards face up. For anyone who wants to try to understand what is going on this page
https://www.londonstockexchange.com/stock/AAL/anglo-american-plc/analysis
is invaluable.BUT, be aware that ALL is not always as it seems, major investors use swaps,CFD's options,any ruse they can think of to conceal their plans and motivations.
For sad geeks like me, it is great fun and I'll probably bore you with my interpretations(whether accurate or not?) over the next few weeks, feel free to ignore .....
There might be some selling into the close of business today. Personally, what with the
now rotation back into commodities, why would you do that.
The weekend could hold all sorts of positive scenarios.
This has bidding war written all over it. Speculate to accumulate!
I’ve just read Elliott have just disclosed a large holding. The yanks are all over this, same as
yesterday increased buying pre market opening.
Activist Elliott Builds $1 Billion Anglo American Stake Bloomberg
Or perhaps BHP have come straight back with £28.
I would say the yanks taking positions.
I wonder of Rio or Glencore have pitched in with a counter bid.
Sharp spike upwards last five mins, more news???
Https://www.ft.com/content/afe3c68d-1b77-4a2f-9055-22c72f06c48d
Once you read the RNS regarding advisors, it’s stated that Goldman’s are acting for Anglo,
goggling the chap a very big player in acquisitions, so as with DS Smith it appears the best
move is to sit on one’s hands and see what the ‘well paid’ advisors come up with.
Seems fairly obvious to just keep the share in the bottom drawer, and let value materialise.
I can't get away from you spitfire44 lad
I am of the same opinion but I am frustrated by the lack of a completion date and the price paid by AAL to FRASER.. Did he pocket the lot or donate it to charity? Certainly nothing was returned to shareholders. Had to write off £ 15,ooo. WOODSMITH should be in production by now.