Ann: Revised Proposal for Anglo American plc, page-15

  1. 17,742 Posts.
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    Muppets.

    Classic pro-cyclical investment mentality.

    They never do this sort of thing when it is most opportune to do so from a shareholder value maximisation standpoint, namely at the bottom of the cycle when the commodity sector is hated and assets are cheap.

    I struggle to find an ASX100 company that - over many decades - misallocated shareholder capital as poorly as the various incarnations of BHP management has.

    Like reformed alcoholics walking past the bar, they just can't help themselves.

    .
 
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