For BHP to have looked at the Anglo takeover seriously they must see something over the horizon other than JUST the price of copper. It's more likely a global agenda to pursue the green agenda with alternative energy. It wouldn't make sense to take out Anglo for just the 'copper price', but it would make sense if the volumes of copper expanded due to the green agenda.
BHP would have more insight and assurances from vested interests i.e. Blackrock, Vanguard and State Street as to where they will be allocating their funds in the future. And there is also the push for the big to just get bigger so fewer companies own all the assets rather than just disperate companies owning small market share of commodities it will be the bigger ones that have pricing control.
It's really Anglo that is under pressure now, if BHP walk away they (Anglo) will have stranded assets that no-one wants to own or be able to readily dispose of.
I'm still 50/50 on this one as I believe BHP has more insight than me why it is a worthy consideration even though their reputation says otherwise.
Register date: 15 March 2024
Issuer capital (IC): 322 085 974
Top 10 shareholders
City
15-March-2024
% IC
15-December-2023
% IC
1
1.
Anglo American South Africa Investments Pty Ltd
Johannesburg
224 535 915
69.71
224 535 915
69.71
2
2.
Industrial Development Corporation
Johannesburg
41 498 615
12.88
41 498 615
12.88
3
3.
Public Investment Corporation
Pretoria
8 713 428
2.70
8 753 608
2.70
4
4.
T. Rowe Price Associates, Inc
Baltimore
3 369 772
1.00
3 901 771
1.20
5
5.
Acadian Asset Mgt.
Boston
2 256 230
0.70
2 244 680
0.70
6
6.
BlackRock Institutional Trust Company, N.A..
San Francisco
2 052 718
0.60
2 535 846
0.80
7
7.
Robeco Institutional Asset Management B.V.
Rotterdam
1 459 154
0.50
1 487 978
0.50
8
8.
Ninety-One SA (Pty) Ltd
Cape Town
1 381 770
0.40
1 330 195
0.40
9
9.
Fairtree Asset Management (Pty) Ltd
Cape Town
1 285 230
0.40
1 341 888
0.40
10
10.
Sanlam Investment Management (Pty) Ltd
Cape Town
1 225 327
0.40
1 091 082
BHP Price at posting:
$44.23 Sentiment: Buy Disclosure: Held
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