I guess they feel there is quick cash to be made with their ideas.
'Elliott is demanding BHP ditch its UK-Australia dual-listing by downgrading the local listing, demerge the underperforming US petroleum business and increase share buybacks, under a strategy to unlock a claimed $US46 billion in value and deliver a 48.6 per cent increase in returns.'
Read more: http://www.copyright link/business/mining/bhp-billitons-stalker-elliott-lands-in-australia-20170501-gvwsu8#ixzz4kdIR7l6N
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I should note that BHP did spin off S32 for investors, so it isn't quite as bad as the above stats imply if you factor in the $2 float of that company. The divestment of the last few years has cost them headline earnings. Though, the stats still point to a lot of shareholder wealth destruction over the last 10 years.
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Last
$43.40 |
Change
-0.160(0.37%) |
Mkt cap ! $220.1B | |||
| Open | High | Low | Value | Volume |
| $43.11 | $43.56 | $43.09 | $248.4M | 5.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5716 | $43.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.41 | 4801 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |