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AAL Anglo American Plc

2,499.50
294.50 (13.36%)
Last Updated: 12:11:42
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo American Plc LSE:AAL London Ordinary Share GB00B1XZS820 ORD USD0.54945
  Price Change % Change Share Price Shares Traded Last Trade
  294.50 13.36% 2,499.50 10,005,784 12:11:42
Bid Price Offer Price High Price Low Price Open Price
2,499.00 2,500.00 2,512.50 2,421.00 2,435.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 30.84B USD 283M USD 0.2116 117.77 33.33B
Last Trade Time Trade Type Trade Size Trade Price Currency
12:11:53 O 64 2,499.208 GBX

Anglo American (AAL) Latest News (13)

Anglo American (AAL) Discussions and Chat

Anglo American Forums and Chat

Date Time Title Posts
25/4/202412:03Anglo American - Global Mining Group1,229
10/8/202315:42ANGLO AMERICAN - 2006311
29/7/202109:30ANGLO AMERICAN - AAL6,812
19/9/201815:34Angle American-
25/7/201820:52Anglo American (AAL) One to Watch on Thursday -

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Anglo American (AAL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:11:532,499.21641,599.49O
11:11:392,499.501192,974.41AT
11:11:392,499.50601,499.70AT
11:11:392,499.5050012,497.50AT
11:11:392,499.501624,049.19AT

Anglo American (AAL) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by Anglo American Daily Update
Anglo American Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker AAL. The last closing price for Anglo American was 2,205p.
Anglo American currently has 1,337,577,913 shares in issue. The market capitalisation of Anglo American is £33,332,441,592.
Anglo American has a price to earnings ratio (PE ratio) of 117.77.
This morning AAL shares opened at 2,435p
Posted at 25/4/2024 11:25 by penandnen
Misses and I were a bit overweight AAL (ISAs and SIPPs total £150K cost about 80%). OK, I heard somebody say: Lucky bar-steward! That’s the good news. Bad news I sold £7K yesterday afternoon seeing a rising price and thinking: Time to cut the risk back. MY beef is: What’s the point of all these compliance guys employed in the City? They hear the whispers and do FA. We, punters, you and me, “the unwashed”, are unworthy of a “fair market”. Rant over. So, how do I get my “losses” back? Where’s the AAL price going and what strategy should I adopt to exit. We have small holdings in BHP. Complicated, I’m just going to make another cup of coffee and ‘ave a think.
Posted at 25/4/2024 07:42 by mirabeau
BHP Group Ltd ("BHP") notes the announcement by Anglo American plc ("Anglo American") in response to recent press speculation regarding a proposal by BHP for a potential combination with Anglo American.

BHP confirms that on 16 April 2024 it made a proposal to the Board of Directors of Anglo American regarding a potential combination to be effected by way of a scheme of arrangement. BHP's proposal comprises an all-share offer for Anglo American subject to the pro-rata distribution by Anglo American of its entire shareholdings in Anglo American Platinum Ltd ("Anglo Platinum") and Kumba Iron Ore Ltd ("Kumba") to Anglo American shareholders before completion ("Proposal").

Under the terms of the Proposal, ordinary shareholders of Anglo American would receive:

· 0.7097 BHP shares for each ordinary share in Anglo American; and

· ordinary shares in Anglo Platinum and Kumba (which would be distributed by Anglo American to its shareholders in direct proportion to each shareholder's effective interest in Anglo Platinum and Kumba).

The terms of the Proposal would, based on closing market prices as at 23 April 2024, being the last trading day prior to press speculation, represent:

· a total value of approximately £25.08 per Anglo American ordinary share1 including £4.86 in Anglo Platinum shares and £3.40 in Kumba shares, valuing Anglo American's share capital at £31.1 billion;

· a premium on the implied market value of Anglo American's unlisted assets2 of approximately 31 per cent;

· a premium on the implied market value of Anglo American's unlisted assets2 of approximately 78 per cent. to the volume weighted average closing price of Anglo American's shares (adjusted for the attributable volume weighted average closing prices of Anglo Platinum and Kumba) in the 90 trading days prior to and including 23 April 2024; and

· a 19% premium to the broker median net asset value of Anglo American excluding Anglo Platinum and Kumba of USD21.8 billion1,3.

The Proposal is non-binding and subject to customary conditions including completion of due diligence to the satisfaction of BHP. Anglo American has been offered reciprocal due diligence on BHP.

In addition to allowing Anglo American shareholders to realise an immediate and substantial premium over the current value of their Anglo American shares, the combination would deliver further ongoing value for Anglo American shareholders.

· The combination would bring together the strengths of BHP and Anglo American in an optimal structure. Anglo American would bring its assets and long-term growth potential. BHP would bring its higher margin cash generative assets and growth projects along with its larger free cash flows and stronger balance sheet.

· The combined entity would have a leading portfolio of large, low-cost, long-life Tier 1 assets focused on iron ore and metallurgical coal and future facing commodities, including potash and copper. These would be expected to generate significant cash flows and the combined entity would have the financial capacity to support value adding growth projects at the optimal time, while continuing BHP's commitment to shareholder returns.

· The combination would also deliver meaningful synergies, including from sharing best practice, creating procurement, operational and marketing synergies and eliminating duplication, which would enhance profitability and value for Anglo American shareholders.

· The combined entity would retain BHP's global listings on the ASX, LSE, JSE and NYSE and Anglo American shareholders would be able to benefit from the BHP's monthly share trading liquidity of approximately US$10 billion.

· The Proposal would provide Anglo American shareholders with the benefits of directly holding their interests in Anglo Platinum (78.6%), the world's leading PGM miner, and Kumba (69.7%) as shareholders, including enabling direct access to the future value generation and dividends of Anglo Platinum and Kumba. Additionally, Anglo American shareholders would gain the ability to calibrate their relative exposures and determine their optimal shareholding levels in Anglo Platinum and Kumba.

The combination is consistent with BHP's strategy including its focus on long term fundamental value and its capital allocation framework and would be attractive to BHP's shareholders. The benefits to BHP shareholders would include:

· increasing BHP's exposure to future facing commodities through Anglo American's world class copper assets;

· complementing BHP's iron ore and metallurgical coal portfolios with Anglo American's high quality iron ore operations in Brazil and metallurgical coal assets in Queensland, Australia;

· providing Anglo American's value adding copper growth options and increased geographic diversification of operating footprint; and

· delivering meaningful synergies.

Anglo American's other high quality operations including its diamond business would be subject to a strategic review post completion.

In addition, Anglo American has a deep pool of talented people who would continue to make a valuable contribution to the successful operation of Anglo American's assets within the combined group. BHP also believes the combination would also be attractive to communities where greater financial strength could support further development.

BHP is committed to its capital allocation framework and maintains a disciplined approach to mergers and acquisitions.

This announcement does not amount to a firm intention to make an offer and there can be no certainty that an offer will be made. There is no certainty that any form of agreement or transaction will be reached or concluded.

As stated in the announcement made by Anglo American on 24 April 2024, in accordance with Rule 2.6(a) of the Code, BHP must, by not later than 5.00 p.m. on 22 May 2024, either announce a firm intention to make an offer for Anglo American under Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies (see below in Important Notices). This deadline can be extended with the consent of the UK Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code.

Pursuant to Rule 2.5 of the Code, BHP reserves the right to vary the form and/or mix of the offer consideration and vary the transaction structure. BHP also reserves the right:

· to amend the terms of any offer (including making the offer on less favourable terms and/or at a lower value):

· with the agreement or consent of the Anglo American Board; or

· following the announcement by Anglo American of a Rule 9 waiver pursuant to the Code; or

· if a third party announces a firm intention to make an offer for Anglo American at a lower price and/or on less favourable terms than contemplated under the terms of this proposed offer; and/or

· if Anglo American announces, declares, makes, or pays any dividend or any other distribution or return of value to shareholders, to make an equivalent reduction to its proposed offer; and/or

· to implement the proposed offer by means of a takeover offer as opposed to a scheme of arrangement.

This announcement is being made by BHP without prior agreement or approval of Anglo American.



Footnotes

1. The number of fully diluted Anglo American shares assumed excludes shares held by Tarl Investment Holdings Limited, Epoch Investment Holdings Limited, and Epoch Two Investment Holdings.

2. Anglo American's unlisted assets comprises the entirety of Anglo American's assets excluding its shareholdings in Anglo Platinum and Kumba. The premia are based on the value of BHP's share consideration offered versus Anglo American's share price less Anglo Platinum's and Kumba's attributable share prices.

3. Net asset value is based upon a median of the six brokers which disclose SOTP, including Anglo Platinum and Kumba, alongside latest reported Anglo Platinum and Kumba net cash balances as of 31 December 2023.



Authorised for release by Stefanie Wilkinson, Group Company Secretary.
Posted at 09/4/2024 00:31 by philanderer
Daily Telegraph , Questor tip update...


Questor says: Keep digging deep for Anglo American (BUY)

Ticker: AAL

Share price at close: £21.55
Posted at 05/3/2024 10:29 by fuji99
One shoud check the share price on 31st of December. I also feel some kind of consolidation may start in this sector as the UK stocks in particular, are well undervalued (A few approaches for Currys; today Spirent taken over). Many years ago it was BHP targeting RIO. AAL with its precious and rare metals could be a smaller fish to swallow. (Market Caps: BHP = 115B, RIO = 82B, AAL = 23B).
Posted at 12/2/2024 11:31 by 1knocker
I hope you are right!

I thought that at £30+, and at many (much lower) prices since. The share price is currently lower than my most recent (and lowest) top up price, and the prospective dividend is not exactly attractive as a % of my cost of purchase of the holding.

I console myself that we have seen £35 or whatever the top was, so perhaps we shall see a price high enough to make me all square again one day (though on an inflation adjusted price that would need to be a lot higher than my average purchase price). I fear I shall need to be very patient though.

Ought I to sell out and look to recoup my losses elsewhere? Search me. This market has me flummoxed.
Posted at 11/12/2023 07:56 by factsandfigures
Anglo American plans to reduce iron ore and copper output in the near term to lower costs, as it tries to boost its share price.

AAL shares have already slumped by over 30% this year .

After the production, capex, and costs guidance on Friday, shares of Anglo American – which produces copper, nickel, platinum group metals, and diamonds, among others – fell heavily on the London Stock Exchange.

Year to date, Anglo American’s shares has lost 36%, compared to an 11% share price increase for Rio Tinto and a 5% rise in BHP’s share price so far this year.
Posted at 08/12/2023 18:52 by 1knocker
I don't get this. Rio and BHP, and indeed Blackrock World Mining IT are holding up. I don't see this as so different as to explain the difference in share price movement.

I am down 37% here, but still over 80% up on the other three, and well up on Glencore too. That reflects different purchase dates, but it does make me wonder whether I should take some profits in those, or whether this a buying opportunity in AAL.

I bought AAL, along with Cameco and Yellowcake, because they looked well placed for the green (electric) revolution. Uranium has done well for me, AAL (to put it mildly) 'not so much'.

I am baffled, so on the basis 'when in doubt do nothing' I have neither bought nor sold today. I can't recall a time when I was less confident of how to be positioned.

I had hoped for enlightenment here, but no such luck. You all seem as uncertain as I am! All I have extracted from today's posts is that any share, however far it falls, can fall further!
Posted at 08/12/2023 14:04 by fuji99
Could this be specific to Anglo or to the sector as a whole ? If it's the whole sector that suffers, AAL share price may follow when the likes of RIO and BHP for example flag up similar difficulties.
Posted at 08/12/2023 13:20 by fuji99
The US job report in the next 10 minutes will decide on the next market direction and possibly on AAL share price recovery or stagnation.
Posted at 14/8/2023 13:05 by vas007
Now AAL share price is taking the .p..ss
Anglo American share price data is direct from the London Stock Exchange

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