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Well how long will it take until that phase?
From reports over the weekend BHP would just cancel or sell off this so I get the feeling too much is being placed on it, even from Anglo management.
If this is/will be the cash cow everyone in Anglo seem to think why wouldn't other miners want it?
At moment it seems like a money pit unfortunately
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!
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.
I can't see in the BATS reports but does anyone here have a rough idea of what revenue the company gets from tobacco sales in the UK?
Given the likely ban of people born from 2009 there will be no affect now but interested if anyone has an idea on how much of a market this is for us?
From what I can tell Imp doesn't break down by country their revenue, so given what seems a likely ban on people born 2009 onwards being able to smoke in the UK, does anyone have a reasonable estimate as to the hit Imp will take (If we don't do a New Zealand)?
Yes but also very understandably undervalued.
IDK if we'll see £1 again until there's some kind of caseation in hostilities, even if it ends up a Korea non-ceasefire ceasefire.
Until then, whilst I am invested here, I can completely understand why others see too much risk to get involved.
Of course the dividend has already been taxed once already, when the company registered their profit before dictating how much of it to hand out in div so double taxation
At this price buybacks make more fiscal sense then dividend and I am sure part of the reason the dividend has been cut is the buybacks but also because it's a good reason to have more cash to put on reinvesting or paying down debt later on which seems a wise move.
For me it's good news about the sale, sensible decision on buybacks as it gives impression the company thinks the shares are cheap, sensible cut of the dividend meaning there is more money to put where the board feels is best ( whether that's to pay debt, invest more in company, pay extra dividend or something else).
Let's see if the can do as good a job restructuring and simplifying the business as Aviva seem to be doing.
Yes correct
0.5b Euro due 2029 and 0.75b Euro due 2032
It's fairly common way for companies to get their hands on extra cash, they had 8b Dollars in the bank at the end of the year and their tangible assets are valued at 30b compared with the current 24b market cap so yeah I won't be selling either.
OR it could have bought Rim, or Nokia like Microsoft did and lost a killing.
Easy to pick the right decisions with hindsight
BeBold I was in Hotel Choc which received a 374p per share offer from Mars off 139p per share price the day before.
Then I've also been in Blue Prism which got basically the same price it was at once the rumours had started but before any offers.
A lot depends on how hard a company wants the acquisition, how quickly they want to close up the deal and how much the current major shareholders want out.
Also if the acquiring company is public I expect the bid would be lower as they need to show to their own shareholders that it's a good deal for them whilst a private company has no such concern.
Either way the current market cap is basically the same as the tangible asset value so very little downside risk buying here.
Https://www.proactiveinvestors.co.uk/companies/news/1041160/bt-openreach-to-cede-ground-to-altnets-says-barclays-1041160.html
Openreach value £30b
BT value £10b
Looks like quite the misprice
Https://www.watermagazine.co.uk/2024/01/12/costain-awarded-landmark-new-contract/#:~:text=Costain%20has%20been%20appointed%20by,water%20sector%20for%20the%20company.
Actually the share price often lies
It's why some people are able to make so much money in the stock market and others sell and buy at the wrong times.
If you can't handle the ebbs and flows just put money in a tracker and you'll still do well over the long term but maybe you aren't cut out for individual stocks.
UK's GDP is where it was in 2007 but as long as you are happy in your ignorance.
I'm not sure why anything is up today but everything seems to be and as they say a rising tide raises all boats, presumably with those that have dropped the most of late rising the greatest.
Possibly people 'assuming' the looking at the 3 merger means it's more likely and trying to buy in before the news but otherwise I guess just take it as a pleasant surprise
If you are getting your current affairs from the daily mail you might have bigger problems :)
Came here for a deal, but looks like the bugger is holding up so far.
BT's current market cap is £12b whilst Open reach alone was valued a year or so ago at around £20b when there was talk of a spin of so seems massively undervalued compared to the sum of its parts.
From what I see, the price of a stock is very seldom 'right', it's either moving too high on overenthusiasm or too low on fear.
Anglo I think is the second, a mix of lower prices, reduced revenue, and likely, concerns that the platinum metals division will more than half as catalytic converters become obsolete has made people overly fearful of this stock.
There is also of course the issue that a lot of the market is pretty cheap, and the lure of the US markets touching or breaking new highs, AND the amount of money sitting in bonds and 5%-6% interest accounts , gives you a situation to do your own research, and if you think there are misprices around, to make a nice gain over the coming years.