AAL.L - Anglo American plc

LSE - LSE Delayed Price. Currency in GBp
1,896.40
+13.00 (+0.69%)
At close: 4:46PM BST
Stock chart is not supported by your current browser
Previous Close1,883.40
Open1,888.20
Bid1,876.60 x 0
Ask1,876.60 x 0
Day's Range1,860.20 - 1,896.40
52 Week Range1,529.80 - 2,294.00
Volume34,095,294
Avg. Volume6,280,597
Market Cap26.173B
Beta (3Y Monthly)0.65
PE Ratio (TTM)5.93
EPS (TTM)320.00
Earnings DateN/A
Forward Dividend & Yield0.90 (4.73%)
Ex-Dividend Date2019-08-15
1y Target Est24.50
  • Is Anglo American (LON:AAL) Using Too Much Debt?
    Simply Wall St.

    Is Anglo American (LON:AAL) Using Too Much Debt?

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • Moody's

    DBCT Finance Pty Ltd. -- Moody's upgrades DBCT Finance to Baa3, outlook revised to stable

    Moody's Investors Service ("Moody's") has today upgraded the rating of DBCT Finance Pty Ltd.'s senior secured ratings to Baa3 from Ba1, and revised the outlook to stable from positive. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. DBCT is the financing affiliate of DBCT Management Pty Limited and DBCT Trust, which collectively have economic ownership of the Dalrymple Bay Coal Terminal through a long-term lease, comprising a 50-year initial and 49-year option period.

  • What Kind Of Shareholders Own Anglo American plc (LON:AAL)?
    Simply Wall St.

    What Kind Of Shareholders Own Anglo American plc (LON:AAL)?

    The big shareholder groups in Anglo American plc (LON:AAL) have power over the company. Institutions often own shares...

  • Reuters

    CORRECTED-Anglo American agrees to earlier community payout in Peru after protests

    Anglo American PLC will spend some $30 million on community projects near its Quellaveco copper project in Peru three years earlier than planned after protests threatened to disrupt construction last week, a company manager said on Wednesday. Protesters in the southern region of Moquegua blocked a road to the Quellaveco deposit last week to highlight concerns about the $5 billion mine's environmental impacts and to push for more jobs for local residents. Eduardo Serpa, Anglo American's sustainability manager in Peru, said the protests did not halt construction of the mine, which is now 25% built and on track to start operating in 2022.

  • Reuters

    Peru court orders indigenous governor of mining region to 6 years in prison

    A Peruvian court ordered the arrest of the indigenous governor of a mineral-rich southern region after sentencing him to six years in prison on Wednesday for leading 2011 deadly protests against a Canadian open-pit silver project. Walter Aduviri, 39, the governor of Puno and an indigenous Aymara leader, was found guilty in absentia by a criminal court of disturbing public order, the office of the judiciary said on Twitter. Agustin Luque, the deputy governor of Puno, was expected to replace him in office.

  • Should You Buy Anglo American plc (LON:AAL) For Its Upcoming Dividend In 3 Days?
    Simply Wall St.

    Should You Buy Anglo American plc (LON:AAL) For Its Upcoming Dividend In 3 Days?

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Anglo...

  • Thomson Reuters StreetEvents

    Edited Transcript of AAL.L earnings conference call or presentation 25-Jul-19 8:00am GMT

    Half Year 2019 Anglo American PLC Earnings Call

  • Indian Billionaire's Anglo American Trade Is a Gold Mine
    Bloomberg

    Indian Billionaire's Anglo American Trade Is a Gold Mine

    (Bloomberg Opinion) -- Indian billionaire Anil Agarwal may be calling off his charge at Anglo American Plc – but he, his adviser JPMorgan Chase & Co., and the hedge funds that financed him can at least console themselves with the profits they made. The only people who were exposed to any real risk in the adventure look to have been Anglo’s shareholders.Agarwal acquired a roughly 20% stake in 2017, shelling out barely any cash himself. The shares were acquired almost entirely from hedge funds who had borrowed them from other investors, with JPMorgan acting as broker. In return, the funds received an unusual bond issued by the billionaire’s investment vehicle, which would be repaid in the Anglo shares he had acquired. Notably, the structure limited the tycoon’s exposure to the ups and downs of Anglo’s share price.Both sides have done well out of this. First, Agarwal. He has had to pay roughly 420 million pounds ($521 million) of coupons on the bonds. If his Anglo shares went up a lot – as they did – the terms allowed him to keep nearly 10% of his holding on redemption, which was announced on Thursday. On Friday, he sold that residual holding for almost 520 million pounds.His 100 million-pound profit looks to be a 24% gain. But the internal rate of return will be much higher because he didn’t have to shell out of those coupons on day one.The hedge funds weren’t taking much risk either. Having borrowed Anglo shares and sold them to Agarwal, their profit came from the coupon. The Anglo shares received on redemption would – broadly – cover their short position in the miner’s stock. Like the billionaire, the hedge funds would have put down very little capital in the trade. Their main risk was that the coupons wouldn’t get paid. But it would have astonishing if Agarwal had defaulted.JPMorgan’s fees aren’t clear. But the huge amount of ancillary banking activity here – effectively the stage management of the whole operation – is a fee in itself.That leaves Anglo’s rank-and-file shareholders. The stock price has risen 76% since Agarwal popped up, so they seem well-rewarded. Some of them will have also received fees for lending out their stock. But of all the protagonists they were the only ones with direct exposure to the share price.What’s more, they have suffered a period of uncertainty when it was unclear what Agarwal, with his massive holding, really wanted. They will be relieved that the register is losing an unpredictable force. Their returns are the most deserved.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Billionaire Anil Agarwal sells Anglo stake
    Reuters

    Billionaire Anil Agarwal sells Anglo stake

    Indian billionaire Anil Agarwal, the biggest shareholder in mining company Anglo American, said on Thursday he was divesting the nearly 20% stake he has held since 2017. Agarwal began buying into Anglo American through a JP Morgan mandatory convertible bond in March 2017 and announced he was buying a second tranche in September 2017, taking his holding in the mining group to a total of 19.3%. On Thursday, Agarwal said in a statement the targeted returns had been achieved "even sooner than expected" and Anglo American's share price had nearly doubled since he began his investment.

  • An Intrinsic Calculation For Anglo American plc (LON:AAL) Suggests It's 28% Undervalued
    Simply Wall St.

    An Intrinsic Calculation For Anglo American plc (LON:AAL) Suggests It's 28% Undervalued

    Today we will run through one way of estimating the intrinsic value of Anglo American plc (LON:AAL) by projecting its...

  • Reuters

    Miner Anglo American to use only renewable energy in Chile by 2021

    Anglo American Plc said on Wednesday it would use only renewable sources to power its mine operations in Chile beginning in 2021, thanks to a deal the global miner signed with the Chilean subsidiary of Italian energy giant Enel . Renewable energy supplied by Enel Chile will power Anglo American's flagship Los Bronces copper mine, as well as its El Soldado and Chagres operations, the company said in a statement. Global miners are increasingly seeking innovations to boost efficiencies, lower costs and reduce use of water and non-renewable energy at mines.

  • Australian Thermal Coal Leaves Investors Cold
    Bloomberg

    Australian Thermal Coal Leaves Investors Cold

    (Bloomberg Opinion) -- When you’re in the business of buying and selling, timing is everything.That’s the costly lesson facing BHP Group, which is looking at options to divest its thermal coal assets according to a report Thursday by Thomas Biesheuvel of Bloomberg News that cited people familiar with the matter.Arch-rival Rio Tinto Group raised $2.7 billion selling mines in the Hunter Valley north of Sydney to Yancoal Australia Ltd., in a process that started in 2016. BHP could get far less: Macquarie Group Ltd. estimates $1.6 billion. That’s despite the fact that BHP’s Mount Arthur and Cerrejon mines, in the Hunter Valley and Colombia, post roughly the same Ebitda as as the ones Rio Tinto sold. BHP has had good reasons to keep operating these mines. They’ve produced several years of good earnings, for one. Mount Arthur has probably been even more profitable than it looks on paper, thanks to its ability to utilize tax losses that will now be running low.Still, it will be galling to sell at a discount when the long-term price for the high-energy coal mined in the Hunter Valley is now about a third higher than the $63 a metric ton level at the time Rio Tinto’s deal was announced.What’s changed? More or less everything.Back in 2016, coal was still the lowest-cost way of delivering new generation in most major markets. The slumping price of wind and solar generation since then has changed the game. Thermal coal will fall to 11% of U.S. generation by 2030 from the mid-20s at present, S&P Global Ratings wrote in a report Wednesday; outside of Spain and Germany, most European coal-fired plants will be retired by 2025.North Asian markets supplied by Mount Arthur look like an exception, with Japan, South Korea and China making up about 80% of Australia’s thermal coal exports. The first two countries are rare cases where falling renewables costs have failed to undercut the black stuff.Even there, though, the picture is dimming: Japan’s coal-fired capacity will go into to decline starting 2023, and actual demand should fall faster since its most recent plants use fuel more efficiently, according to a report this week by the Institute for Energy Economics and Financial Analysis, a research group opposed to fossil fuels. South Korea now has taxes on coal amounting to $60 a ton and imports will fall by half by 2040, according to the International Energy Agency.The group of potential buyers looks thin, too. Anglo American Plc, which has a one-third stake in Cerrejon alongside BHP and Glencore Plc, doesn’t seem in the mood for bulking up. The Japanese trading houses that have historically been major investors in Australia’s mining industry, meanwhile, have been quietly divesting strategic coal stakes for several years. What does that leave? Glencore, despite a promise in February to cap coal output, shouldn't be ignored. In that announcement, the commodities trader noted it may still buy out some minority stakes, which seems to anticipate a deal on Cerrejon. Glencore could also, in theory, get rid of its South African operations and replace them with Mount Arthur, keeping total output within limits and swapping in a more profitable mine. That would depend on finding a buyer for those South African mines, though, and there’s enough turmoil in that country’s coal and energy sector as it is.China is another possible buyer for Mount Arthur. The pit is adjacent to Yancoal’s existing operations, suggesting possible synergies. Still, 2019 isn’t the best year to be doing this. Since February, the country has been holding up shipments of Australian coal for ill-defined reasons that have a whiff of geopolitics about them. Any Chinese business looking for government approval to buy an Australian coal mine will have to reckon with that.Beyond that, there’s even the possibility that smaller local miners will have a go. In the old days, the idea that a relative minnow like Whitehaven Coal Ltd. could absorb a pit the size of Mount Arthur would have seemed absurd, but at Macquarie’s estimate of a $600 million price tag it’s not impossible. Based on BHP’s latest results, a buyer could pay off that sum in 18 months or so and run the mine for cash, assuming rehabilitation costs weren’t too high. Still, how times have changed. Back when Rio Tinto was hawking its coal assets, the company could plausibly argue that it still saw a bright future for the stuff. Nowadays, BHP is warning that it could be “phased out, potentially sooner than expected,” even as it’s trying to tempt buyers. Those M&A bankers are going to have their work cut out to get a good price.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Are Anglo American plc’s (LON:AAL) Returns Worth Your While?
    Simply Wall St.

    Are Anglo American plc’s (LON:AAL) Returns Worth Your While?

    Today we are going to look at Anglo American plc (LON:AAL) to see whether it might be an attractive investment...

  • Anglo American plc (LON:AAL): Immense Growth Potential?
    Simply Wall St.

    Anglo American plc (LON:AAL): Immense Growth Potential?

    Looking at Anglo American plc's (LON:AAL) earnings update in December 2018, the consensus outlook from analysts appear...

  • Brief Commentary On Anglo American plc's (LON:AAL) Fundamentals
    Simply Wall St.

    Brief Commentary On Anglo American plc's (LON:AAL) Fundamentals

    Attractive stocks have exceptional fundamentals. In the case of Anglo American plc (LON:AAL), there's is a company...

  • Is Anglo American plc's (LON:AAL) High P/E Ratio A Problem For Investors?
    Simply Wall St.

    Is Anglo American plc's (LON:AAL) High P/E Ratio A Problem For Investors?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at Anglo...

  • Reuters

    REFILE-UPDATE 3-Major miners reveal tailings dam data, action plans following disasters

    Global miners BHP Group, Anglo American Plc and Glencore Plc revealed details on tailings dams, months after ethical investors sought the information following a second deadly dam disaster in Brazil. BHP, which operates 67 tailings facilities, said on Friday it has set up a tailings taskforce to further improve its focus on internal dam management and boost safety. The world's biggest miner added that a review undertaken to assess the management of tailings facilities following the 2015 Samarco disaster, which killed 19 people, had identified no immediate concerns regarding dam integrity.

  • How Much Are Anglo American plc (LON:AAL) Insiders Taking Off The Table?
    Simply Wall St.

    How Much Are Anglo American plc (LON:AAL) Insiders Taking Off The Table?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...