Anglo is AngloAmerican which, as you say, is just another name for DeBeers. Same board of directors, same vested interests, and similar incestuous cross-shareholding. No-one should underestimate the power that these folks wield. I don't think their intention is to screw people --- just to prevail and endure, like a dynasty. If a few ants get crushed underfoot, well ..... all for a good cause. I had a book (can't lay my hands on it) about Anglo called South Africa Inc. As GM used to say, what was good for GM was good for the US, so Anglo used to say, what was good for Anglo was good for South Africa. Now that Anglo is "officially" emigrating to London I presume that dictum still holds good for the rest of us!!
My analysis is a set of arithmetical, multiple linear regression models against many independent variables, particularly currencies -- and POG. Fundamentals look lousy for both Anglo and Debeers so, I guess, that would explain why the shares are so cheap. In fact, a few weeks ago, DeBeers was down to about R7 --- which it was in 1987 before the market crash. It's risen a bit since then. I'm not recommending that anyone buys them, I was merely passing a remark.
I still feel, in fact hope, that POG will fall some more, say to $270. I haven't sold short! My reason is that if there is not a decisive sell-off at the "bottom", the ensuing price rise will be feeble. As it is, POG seems to have entered a $305-285 trading range and, to get out will require a dramatic event, like a "terminal" sell-off.
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