-
02-03-2015, 03:34 PM
#141
No there are far more shares issued than that.
$176Bln MC divided by say $34 = 5.17 Bln shares on issue & value equates to $9Bln.
Am I missing something?
Nice rally today mostly on China rate cut.
Looking to get short again here. ;-)
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
-
02-03-2015, 03:45 PM
#142
A person of variable height
Originally Posted by Daytr
No there are far more shares issued than that.
$176Bln MC divided by say $34 = 5.17 Bln shares on issue & value equates to $9Bln.
Am I missing something?
Nice rally today mostly on China rate cut.
Looking to get short again here. ;-)
Half year report (plus commentary) says 5,317 Million on Page 43
Best Wishes
Paper Tiger
Last edited by Snow Leopard; 02-03-2015 at 03:46 PM.
Reason: more than the report
om mani peme hum
-
02-03-2015, 04:24 PM
#143
Thanks for clearing that up - for me, Tiger.
-
26-03-2015, 09:04 PM
#144
Here's the demerger proposal. Note that shareholders will retain their BHP shares and receive an equal number of shares in the new company.
http://www.bhpbilliton.com/home/inve...s/default.aspx
-
28-03-2015, 02:42 PM
#145
So are they raising equity at the same time to put cash into the new company? Any dilution?
Cheers Daytr
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
-
28-03-2015, 05:02 PM
#146
I havn't read the 196 page shareholders' circular in full either but it doesn't appear that South32 - or BHP -will be raising any new capital. Other sources suggest that South32 will not be overburdened by a disproportionate share of the current group's borrowings but of course, the new board will have its own ideas on future business developments and possibly acquisitions? I guess we'll have to wait and see but the demerger needs to be voted on first to become a reality. Most of the big insto shareholders are "said" to be warm to the proposal at this stage but are, naturally, not making any commitments at this stage.
I see that there will be a voluntary sale facility for South32 shares for shareholders holding less than 10,000 BHP shares. Which probably includes most of us! At this stage, I intend to keep mine - aluminium, nickel, zinc etc may make a comeback some time!
-
29-03-2015, 09:36 AM
#147
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
-
02-04-2015, 11:57 AM
#148
-
27-04-2015, 08:43 AM
#149
I wonder how much of the 23% increase in April's iron ore price will "stick"?
http://www.theage.com.au/business/mi...26-1mteaa.html
-
30-04-2015, 02:47 PM
#150
According to an article in today's NZ Herald, the spin-off of South32 will be treated as a dividend in the hands of NZ shareholders of BHP to the extent of 70cps.
May be time to re-assess this company's suitability for my portfolio.
http://www.nzherald.co.nz/transtasma...ectid=11440027
Last edited by macduffy; 30-04-2015 at 02:48 PM.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks