Morning all
Morgan Stanley are RIO's bankers (as is Credit Suisse).
Lehman Brothers were Chinalco's bankers for the recent RIO stake.
...and I bet there are more big banks going to emerge with an eye on the prize and a message to China - see how our bank can help you get cheap equities and commodities in established markets. Look how important we are as an opinion maker. (Whilst no doubt picking up both RIO and BHP's shares cheap to on-sell to their clients in a few months at a higher price).
Jostle, jostle, jostle - pick me - not Lehman's or anyone else I'll dump RIO - there's more in being your banker than being RIO's banker. I'll do anything for a buck, and you've got trillions.
;)
slide is due to morgan stanley announcement, page-12
Add BHP (ASX) to my watchlist
 (20min delay)
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Last
$38.76 |
Change
0.310(0.81%) |
Mkt cap ! $196.6B | |||
| Open | High | Low | Value | Volume |
| $38.59 | $38.83 | $38.33 | $295.0M | 7.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2919 | $38.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.79 | 3736 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |