I saw that too Toggs, and I dunno...
Barclays have just writtendown $B2.7, UBS $B14.4, HSBC $B7.5 and Citi $B19.9
http://blogs.wsj.com/marketbeat/2008/01/18/writedowns-surpass-100-billion/
BHP want $B70 to fund the 'merger'. With writedown numbers like this (and more to come) I think we can agree that credit is going to be harder to get and more expensive....
Why wouldn't BHP wait??? Other people have already covered the risk/reward to BHP of walking away now. I bet they've already done the numbers that cover the likely price the'd pay in say 6 months time, 12 months time....
cheers
Lekki
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Last
$39.35 |
Change
0.240(0.61%) |
Mkt cap ! $200.0B | |||
| Open | High | Low | Value | Volume |
| $39.13 | $39.43 | $39.06 | $123.2M | 3.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2700 | $39.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.36 | 1550 | 6 |
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| Last trade - 12.31pm 17/07/2025 (20 minute delay) ? |
| BHP (ASX) Chart |