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Strategies & Market Trends : Value Investing
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To: bruwin who wrote (75664)5/19/2024 8:26:21 PM
From: E_K_S  Read Replies (1) of 78947
 
Australian miner looking to buy Anglo American set to decide if it is willing to up its £34bn offer

The Australian miner looking to buy Anglo American will this week decide if it is willing to up its £34billion offer.

Melbourne's BHP has until 5pm on Wednesday to make an offer for the FTSE-100 rival.

Anglo's board has snubbed two bids so far – the first at £31billion – and said they had 'significantly undervalued' it.

The suitor is set to make a decision early this week about tabling an improved offer after a weekend of talks described as 'on a knife edge', according to the Sunday Times.

Anglo American Plc ADR (NGLOY) my #8 position in the portfolio w/ buys in 2006, 2001 & 2004. Always paid a pretty good dividend which is a variable dividend based on production & gold prices. Div yield at/near 3%

NGLOY stock price All Time High was in 3/2022 at/near $27.50. (that's 50% higher from the current price)

BHP my #2 position in the portfolio w/ original buy 7/2001; 4.8% annualized return (based on purchaser price & Friday's close) but does not include the dividend.

perplexity.ai
  • Over the past 13 years, the median dividend yield for BHP was 4.94%.
  • The highest dividend yield over the past 13 years was 13.69%, and the lowest was 2.38%.

Looks like the price has to be 30%-50% higher for NGLOY to consider the offer from BHP.
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