US$20bn in Lost Market Cap Looks Hard to Justify: Recommend Long Rio; Short BHP
INVESTMENT VIEW:Â We believe Rio Tinto Ltd (RIO AU) shares are oversold versus Bhp Billiton (BHP AU) and recommend a pair trade: long Rio; short...
919 Views
Elliott's Proposals Test BHP's Metal
A little over a week ago, Elliott Advisors (HK) Limited issued a number of proposals via an open letter to the board of BHP Billiton Limited (BHP...
746 Views
Dismantling the Dual-Listed Structure Unlikely to Add Value to BHP
U.S.-based activist investor Elliott has proposed three initiatives with the goal of unlocking value for BHP Billiton shareholders. First, Elliott...
394 Views
Solid Second Quarter for Fortescue; AUD 2.80 Fair Value Maintained
Fortescue’s fiscal 2017 second-quarter iron ore shipments of 42.2 million tonnes were broadly in line with recent periods and our expectation. We...
233 Views
Buoyant Prices and Solid Production Should Lift BHP Billiton's Fiscal 2017 Earnings
We maintain our AUD 18.50 per share fair value estimate for BHP Billiton. First-half fiscal 2017 production was broadly in line with our...
319 Views