BHP spun off South32 a couple of years ago. South32 was regarded...

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Huyton121

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03/04/17

19:27

Post #: 23825286
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Originally posted by TriOptimum ↑

Thanks - thought I'd combed through the Fin this morning but missed that article.

I guess that's more or less what I thought is happening. We'll just have to see how sticky the SP is at the supra-$1 level. I would be reluctant to sell below the current SP and even find the $1.20 figure mentioned in the article unappetising.

Bit of a Catch-22: SP rose because of TPG interest, TPG won't make an offer at the new levels, but SP unlikely to drop to previous .80c-ish levels unless people believe that TPG has genuinely walked away... which they apparently haven't...

Was just wondering @Huyton121 if you could clarify your point above re: BHP and South32?

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BHP spun off South32 a couple of years ago. South32 was regarded as a collection of rejected BHP projects most of which were situated in Africa. It was given no chance of success. Due to the commodity boom and good management South32 has vastly over performed BHP in recent times.

FXJ Price at posting: $1.03 Sentiment: Hold Disclosure: Held
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BHP spun off South32 a couple of years ago. South32 was regarded...

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