BHP Group Ltd

BHP Unification:  It's "Flowfront" Against Post-Merger Capital Structure Expectations

Event-Driven
444 Views, 12 Jan 2022 13:00
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EXECUTIVE SUMMARY
  • The endgame approaches o the BHP Unification trade. S&P announced the S&P/ASX upweight would be one-shot, as expected. Regulatory approvals are in. SARB has set BHP SJ as "domestic."
  • Proxy advisors are FOR. Most large shareholders who have been vocal are for. Pendal Group is against saying it gives value to UK line shareholders (which I think weird)
  • Some flows net out - MSCI/FTSE World holders of PLC receive the Limited line - but index and non-index flows will be large and the arb may be messy. 
detail (10-minute read)
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HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL") BACKGROUND I have 20+yrs experience in A... 

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