Anglo has a plan to beat BHP Group, is it any good? (#587)

JSE Direct with Simon Brown

Anglo-American vs. BHP Group

• Anglo-American rejects BHP Group's offer, unveils its own restructuring plan.
• Anglo-American to divest De Beers, Anglo-American Platinum, coking coal in Western Australia, and reduce spending on UK fertilizer businesses.
• Focus on high-quality iron ore and copper assets.
• Discusses shareholder likelihood of accepting Anglo-American's plan over BHP Group's offer.
• Discussion on lab-grown diamonds and potential impacts on the market.

Market Insights

• Tencent's positive results impact Naspers and Prosus.
• NASDAQ and S&P close at all-time highs.
• Analysis of South African market trends, influenced by gold stocks, Naspers, Prosus, Richemont, and Rand strength.

[caption id="attachment_42112" align="aligncenter" width="849"] Top40 close 15 May 2024[/caption]

• Discussion on upcoming elections' market impact.
• NHI bill signed, causing sell-off in healthcare stocks.
• US imposing more tariffs on China, strategic implications discussed.

Company Highlights

• Positive financial results from Calgro M3* and Raubex.
• Calgro M3 reports good numbers, discusses share buybacks and future prospects.

[caption id="attachment_42113" align="aligncenter" width="849"] Clagro M3 close 15 May 2024[/caption]

• Raubex impresses with strong financial performance, diversification strategies.

Preview of forthcoming corporate earnings announcements and economic data releases.

Notable events include Richemont*, Palo Alto, Netcare, Astral, Famous Brands, Coronation, UK and US inflation data, FOMC minutes, and Nvidia results.

* I hold ungeared positions.

Simon Brown