BHP BILLITON: MOVING TO PRESERVE VALUE IN A WILTING RESOURCES MARKET
By Andrew McNulty
The decision by BHP Billiton to cut its annual production of copper, one of the key industrial metals, by 170 000 t or around 10% could be seen as a defining event for the commodities sector and for the resources producers. It is one ...
IDC WILL NEED TO DEFEND ITS EXIT ROUTE
By Andrew McNulty
Leading mining companies such as Anglo American are apparently lining up to buy into Kumba, the new mining company that is being hived off from Iscor. The boards of Iscor and the Industrial Development Corp (IDC), it seems, have rightly taken ...
RELIEF OR JUST A LAND GRAB?
By Andrew McNulty
Monex, the retail and property group, has been in disarray for a long time. Yet the planned buyout of minorities and delisting of the stock will represent an ignominious close to a chapter of this story for both shareholders and what remains of t...
PRICING EARNINGS RELIABILITY
By Andrew McNulty
Contrarians should by now be finding fertile ground in the JSE Securities Exchange's financial services sector. Never mind the peak of the bull market in April 1998, when the average earnings multiple for financial services companies touched 4...
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