Anglo American (AAL)

Sector:

Mining

Index:

FTSE 100

2,400.00p
   
  • Change Today:
      14.50p
  • 52 Week High: 2,773.50
  • 52 Week Low: 1,670.20
  • Currency: UK Pounds
  • Shares Issued: 1,337.58m
  • Volume: 3,063,946
  • Market Cap: £32,102m
  • RiskGrade: 209

BHP deploys team to SA to woo officials over Anglo deal - report

By Michele Maatouk

Date: Thursday 02 May 2024

LONDON (ShareCast) - (Sharecast News) - BHP has reportedly deployed a team of senior executives to South Africa as it ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American.
Bloomberg cited people familiar with the matter as saying that executives have already begun conversations with key stakeholders, focusing on explaining the detail of the existing $39bn proposal - currently back on the drawing board after it was rapidly rejected by its target - and its benefits.

BHP's proposal includes a plan for Anglo to spin off its Johannesburg-listed platinum and iron ore units before an eventual takeover of the remaining assets.

According to Bloomberg, BHP's team aims to engage with President Cyril Ramaphosa's administration among other key stakeholders, laying out the exact detail of the multi-stage deal, plus the benefits of returning control of Amplats and Kumba to South Africa, with more of their cash flow likely to stay close to home and a larger free float on the Johannesburg Stock Exchange.

South Africa's state pension fund controls 8.4% of Anglo's shares - only BlackRock owns more.

Mining Minister Gwede Mantashe told Bloomberg on Wednesday that BHP had not yet contacted his department to explain its plans.

Also the ANC's national chairperson, he has said that he "wouldn't support" the deal as currently outlined. The minister has criticized BHP for divesting its South African assets in 2015 through the creation of South 32, only 14 years after its merger with Billiton.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Anglo American Market Data

Currency UK Pounds
Share Price 2,400.00p
Change Today 14.50p
% Change 0.61 %
52 Week High 2,773.50
52 Week Low 1,670.20
Volume 3,063,946
Shares Issued 1,337.58m
Market Cap £32,102m
RiskGrade 209

Anglo American Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.37% below the market average3.37% below the market average3.37% below the market average3.37% below the market average3.37% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
13.6% below the market average13.6% below the market average13.6% below the market average13.6% below the market average13.6% below the market average
38.69% above the sector average38.69% above the sector average38.69% above the sector average38.69% above the sector average38.69% above the sector average
Income
30.39% below the market average30.39% below the market average30.39% below the market average30.39% below the market average30.39% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Growth
87.9% below the market average87.9% below the market average87.9% below the market average87.9% below the market average87.9% below the market average
79.66% below the sector average79.66% below the sector average79.66% below the sector average79.66% below the sector average79.66% below the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 11
Sell 0
Strong Sell 1
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Anglo American Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Aug-24 14-Mar-24
Paid 27-Sep-24 03-May-24
Amount 42.00¢ 41.00¢

Trades for 31-Oct-2024

Time Volume / Share Price
17:30 2,126 @ 2,397.78p
16:11 829,876 @ 2,410.00p
16:57 8,000 @ 2,411.96p
16:35 3,301 @ 2,400.00p
16:35 346 @ 2,400.00p

Anglo American Key Personnel

Chair Stuart J Chambers
CEO Duncan Wanblad
Finance Director John Heasley

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