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Gold/Mining/Energy : BHP -- Ignore unavailable to you. Want to Upgrade?

To: Hartly who wrote (69)	9/3/1998 7:52:00 AM
From: Goanna	Read Replies (1) \| Respond to of 87

I made some enquiries today. Predator(s) are not in any hurry. The longer BHP takes to appoint a CEO from outside Australia the lower the share price goes, the lower the takeover price. Steel prices are still heading south, oil prices are depressing, the $A is at record lows and commodities are all looking sick. Nothing to help the share price do anything but fall. BHP was the first Aussie company to have an AU$2 billion profit but this year analysts estimates of profit are ranging from $800 to $1.2 billion with the $A having fallen from US$0.78 to US$0.58 in the last year, making a takeover by US or UK companies much cheaper.