The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
£ 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!
I don't want platinum. I want to be selective and have more BHP shares.
An all share offer that uses elements of the existing business to put finance the deal is beyond cheeky, its opportunistic and exploitative of existing shareholders. They will need to do much better than this offer and I suspect they know that.
That sounds more plausible. A £25 offer is cheeky, to say the least. Can’t blame them for trying, but it’s a no from me.
The joys of listing on the FTSE, get hugely devalued and then snapped up on the cheap.
The only point in buying UK stocks these days is the chance they get bought out for higher than you paid.
“We would be surprised if this is BHP’s final offer,” “We estimate that a price of at least £28/sh would be necessary for serious discussions to take place, and a takeout price of well above £30 per share would be the outcome if other bidders were to get involved.”
Hold here guys. £25 is too low. Other big miners could be lining up here to get Anglos copper mines
What bid, what have I missed? And what’s fake diamonds got to do with the value of real diamonds? Fake diamonds don’t retain value, theyre for poor people who want to remain poor!
As usual I sold half my holding yesterday for 2150 just before this news came out!. Average was 2242 so I made a £150 loss on sale. Was this a big mistake? Should I rebuy based off this news?
I have seen a few details of the bid, it's lovely. Very happy to hold a lot of shares in here. Best of luck to everyone!
No.... separate news suggests AAL are trying to divest the de Beers diamonds franchise, hardly surprising with the rise of synthetic diamonds...
Just the dia.ond mines not whole company
Very lucrative buying the recent dips in the £16/17 £18 range