RE: $15BN to spend12 Mar 2021 06:26
BP, ha, ha, but the thing is it would be both.
If we had 40 shareholders with 1% each, management with 20% and the rest made up of retail investors, it would indeed be a 'diverse book' (btw, it's time we started referring to it by its proper description i.e a diverse share register). But we don't. We have four shareholders with 40% and not only that, but three shareholders who appear to have worked together and the other one who will almost certainly support BHP when the chips are down.
This is not a diverse register - quite the contrary, it's a weakness, as was demonstrated in December.
Anyway, it would be a very short and boring book, wouldn't it?