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+--- Thread: BBL demerger (/showthread.php?tid=1196)
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BBL demerger - benjamen - 05-19-2015
http://seekingalpha.com/article/3193796-bhp-billiton-no-spin-off-boost-as-south32-starts-trading-as-a-standalone-company
BBL is spinning of a new company called South32. As a BBL stockholder, I should be getting shares in the new company. I do not yet see these new shares in my account. Has anyone else gotten the new shares yet or know whe
RE: BBL demerger - rapidacid - 05-19-2015
Tim covered it a while ago. I don't think it has gone to vote yet so it's probably going to be a quarter or two until you get the new shares if it passes.
http://theconservativeincomeinvestor.com/2015/03/19/south32s-aluminum-assets-after-the-bhp-billiton-spinoff/
http://theconservativeincomeinvestor.com/2015/04/10/bhp-billitons-south32-spinoff-a-potential-tax-implication/
RE: BBL demerger - benjamen - 05-19-2015
The vote already taken place with 98% in favor of the demerger:
http://www.bhpbilliton.com/home/investors/news/Pages/Articles/Shareholder-Support-for-Demerger-of-South32-by-BHP-Billiton.aspx
RE: BBL demerger - rapidacid - 05-19-2015
Oh nice ... I haven't received any shares in my account yet ...
Quote:The global miner was the biggest laggard for the Monday after its spin-off South 32 settled down at A$2.050. Shares in the A$11 billion ($8.81 billion) spin-off first traded at A$2.13 - the lower end of the A$2.00 to A$3.00 range forecast by analysts - when it made its debut at midday in Australia. South32 shares will also list on exchanges in the U.K. and South Africa later in the day.
RE: BBL demerger - rayray - 05-21-2015
Did any of you guys get your South32 shares? I thought I'd have them by now.
RE: BBL demerger - rapidacid - 05-21-2015
(05-21-2015, 08:26 AM)rayray Wrote: Did any of you guys get your South32 shares? I thought I'd have them by now.
Nothing in TD Ameritrade yet.
RE: BBL demerger - Kerim - 05-21-2015
It looks from this announcement that you're looking at "on or about" May 29.
RE: BBL demerger - rayray - 05-21-2015
(05-21-2015, 11:10 AM)Kerim Wrote: It looks from this announcement that you're looking at "on or about" May 29.
Okay, thank you. I was on their site the other day and somehow missed it.
RE: BBL demerger - DividendDream - 05-22-2015
I got my shares 2 days ago. I owned 28 shares of BBL and received 11 shares SOUHV per the 5:2 exchange ratio.
RE: BBL demerger - navyasw02 - 05-22-2015
Is BBL still worth buying now that the demerger is done? I had it on my watch list and missed my chance to buy earlier.
RE: BBL demerger - kayboy - 05-23-2015
(05-22-2015, 07:06 PM)navyasw02 Wrote: Is BBL still worth buying now that the demerger is done? I had it on my watch list and missed my chance to buy earlier.I bought 150 shares in Feb.There's a lot of moving parts to the de-merger and I'm going to wait for a while until everything shakes out. I've read the financials and listened to some of the conference calls. Management seems top notch and since I have no Materials exposure, and they are the best of the Materials stocks, along with Rio Tinto, and maybe a few "lesser knowns". I'm going to hold and maybe add a few shares, here and there. I feel commodities and materials can be very volatile. I like the dividend, it was $1.24 in March (dividend distributions are made twice a year). The last price was $43.73 and M* rates it 4stars, whtatever that means.
RE: BBL demerger - navyasw02 - 05-23-2015
(05-23-2015, 03:02 PM)kayboy Wrote:(05-22-2015, 07:06 PM)navyasw02 Wrote: Is BBL still worth buying now that the demerger is done? I had it on my watch list and missed my chance to buy earlier.I bought 150 shares in Feb.There's a lot of moving parts to the de-merger and I'm going to wait for a while until everything shakes out. I've read the financials and listened to some of the conference calls. Management seems top notch and since I have no Materials exposure, and they are the best of the Materials stocks, along with Rio Tinto, and maybe a few "lesser knowns". I'm going to hold and maybe add a few shares, here and there. I feel commodities and materials can be very volatile. I like the dividend, it was $1.24 in March (dividend distributions are made twice a year). The last price was $43.73 and M* rates it 4stars, whtatever that means.
Thanks for the info. I like the dividend too, but I was holding out until later since it is only twice a year and now looks like I missed out on this split. I need a materials stock so I'll keep watching this one.