1718 days ago
The counting of the votes went on late into the night but the numbers are out and Sirius Minerals (SXX) will now be taken over at 5.5p per share in a rescue bid by Anglo American (AAL). The vote came in two parts…
1779 days ago
The talks are advanced but it looks odds on as if Sirius Minerals (SXX) will get bought out at 5.5p per share by Anglo American (AAL). I guess that explains the very strong share price over the past few days, not that there is ever any insider dealing in London.
3146 days ago
I refer to Malcolm's article earlier on Anglo American (AAL) HERE where I fear his numbers are not correct. More generally I discuss what a high dividend yield means: is it too good to be true? Usually the answer is, sadly, yes.
3198 days ago
Strange missives from Whitman Howard the broker employing the world's Number 1 Mining analyst Roger Bade. It all started with an "unusual" note he published on Anglo American (AAL) which was emailed to clients on 16 February:
Anglo American (AAL) - Reiterated SELL
4297 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from TradingResearch Point on the Anglo American. It is a compelling read and not the sort of analysis you get in a broker note. Good stuff Sam.
Results from Anglo American (AAL) today are a handful. In a 40 page statement you have to wade through a lot of paperwork to find the salient points. Perhaps when you are reporting a headline loss of $1.49 billion – your first loss in a decade – you really are not that minded to make life easy for commentators., but this will not be the last headline loss, whatever the company says and the shares – at £20.47 – remain materially overvalued.
The results for calendar 2012 are terrible, no wonder Cynthia Carroll stood down as CEO. The net loss for 2011 compared to a net profit of $6.17 billion in 2011. If one strips out exceptional items the underlying profit was $6.16 billion – that was still a fall of 44% on 2011 with the company blaming this largely on lower metals prices.
What pushed the company into the red were a series of writedowns
4328 days ago
I wrote a strong buy note on Aquarius Platinum (LSE:AQP)on Christmas Eve urging investors to buy at 55p. Well ho, ho, ho and a Merry Christmas to you all. I hope that you filled your stockings. I mean boots with that hot share tip. The shares are now 71.75p Why? Thank Anglo American (LSE:AAL) which today announced that it was mothballing some of its platinum output. The platinum price has already rallied strongly since Christmas ( ho, ho, ho once again) and this news is very positive indeed.
