Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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The copper talk could be a red herring. The disguised target is POLY 4..Read between the lines.
No doubt BHP has examined the various outcomes from their opening bid. The structure of the offer makes it clear that there are many elements of the AAL business of no interest to BHP.
AAL management were already examining a restructure, this bid accelerates the process and may fracture the business into more bitesize pieces, allowing BHP to make a more targeted bid for the pieces it wants - it will not want diamonds, platinum or a piece of Yorkshire.
This BHP management team is a very different group to those who originated the bid for RIO. They claim to be more disciplined than the old firm - the last 6 years has shown they are, I hope it continues.
It would be strange if BHP goes for an higher offer after throwing it out just a few years ago.
Also, big three (bhp including) make big money on iron $100.
Talking about reasons to go for Anglo, this is likely an empire-building attempt in my view when it also tried to merge with RIo 10yrs ago or so.
Some CEOs dream about Caesar/Napoleon staff.
This is not about that IRON ORE mine.
Im thinking if they do eventually get AAL, they will spin off Kumba, it’s in wrong location.
BHP looks for copper in this merger.
PGMs perform poorly now mainly because of EV’s
PGMs main consumer are cars.
EVs are already in place, while hydrogen steelmaking is still years away; therefore, met coal is still very profitable, if governments do not steal the profits. This profitability may disappear though, once green steel appears in earnest.
I’m looking at increasing my RIO holding more so than RIO.
Bought GOOG & VOLVO in October.
What about FIRST QUANTUM LTD in Canada?
They have great Copper assets too, and coujd get them on cheap due to debt they carry.
An extra £10 on top of the share offer might be tempting.
Driftking27
I do hold AAL
ATB
Driftking27.
AAL deal may not happen!!
I'm more than happy to set BUY orders all the way down.
If you like BP gl ...fill ya boots
BHP COULD NOT PAY ENOUGH FOR AAL. POLY4 IS BETTER THAN A GOLDMINE AND THE LONGIVITY OF THE SUPPLY BEGGERS BELIEF.
You’re wasting your time with setting an order.
Try buying 1/3 of your possible total cost your prepared to buy in BP, and top up with the 2/3 if and when it drops 10%. It will happen, as stocks don’t always go up for ever.
This is not environment for orders.
Best of luck.
Buy order set 2245p
Thanks fromage.
2% or so down on a takeover offer - I'll take that any day when you consider that this market can knock 10% off your share price just for mediocre results.
Reasonably hopeful that BHP won't overpay for Anglo.
Or that BHP up their offer. The risk is they end up overpaying in a bidding war.
@ drfiter : "have just calculated my dividend (72c)payout versus what was paid and yes it’s 30% less"
30% less than what? 72 US cents was the full dividend with no WHT and that equates to GBP 0.562983 at the prevailing conversion rate (as in the RNS) and that is what I received in the UK.
Yes, me too. It does seem too big a drop given that AAL will refuse. I hope.
Added this morning 2280p
Happy to add more if there's any further retracement/increased offer
gla
Have not the BoD got better things to do.
Thanks for bringing this to light. I only pay attention to that DWT if buying shares on other indexes.
Bought more on Feb, and have just calculated my dividend (72c)payout versus what was paid and yes it’s 30% less
Reported on Bloomberg
If you reinvested in London, yes, no matter where the original shares were bought, dividends from the new shares will not have WHT.
So does that mean that if the shares were bought originally on LSE that any dividends arising since reinvested in BHP are exempt from the WHT?
India's sponge iron producers seek duties to curb iron ore exports:
https://twitter.com/Reuters/status/1770352239271379106
In reading evikings message again slowly. That matches what I thought. Unless you own shares bought on the ASX you won't be paying WHT.
Or at least that's my understanding of it
Does this not depend on the listing for the BHP shares?
If you're a UK resident but have bought the London listed shares is there still a WHT? That seems like a bit of a rip.
For BHP shareholders that are not Australian tax residents, Australian withholding tax will not apply to the dividend. You should always obtain appropriate professional advice relevant to your circumstances. BHP dividend statements and Woodside holding statements are expected to be despatched in mid-June 2022