BHP and Elliott Management
I recently met with the large US-based activist hedge fund, Elliott Management, that is currently targeting BHP (ASX: BHP).
Elliott Management has proposed a collapsing of BHP's dual-listing structure in the UK and divestment of its onshore oil and gas assets in the US.
We believe there is merit to Elliott Management's proposal, and if BHP were to act, it would create an opportunity for franking credits to be delivered to shareholders.
We own BHP as a market-driven investment in WAM Leaders (ASX: WLE) and Century Australia (ASX: CYA).
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Matthew has more than 20 years’ experience in the investment industry working as both a portfolio manager and analyst. Prior to joining Wilson Asset Management in 2004, Matthew gained extensive large-cap experience in his previous role within Australian Executor Trustees (now part of Equity Trustees). Matthew is the Lead Portfolio Manager responsible for WAM Leaders Limited and Wilson Asset Management Leaders Fund.
2 stocks mentioned
Matthew has more than 20 years’ experience in the investment industry working as both a portfolio manager and analyst. Prior to joining Wilson Asset Management in 2004, Matthew gained extensive large-cap experience in his previous role within...
Expertise
Matthew has more than 20 years’ experience in the investment industry working as both a portfolio manager and analyst. Prior to joining Wilson Asset Management in 2004, Matthew gained extensive large-cap experience in his previous role within...
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Jun Bei Liu: The AI winners of the ASX
Livewire Markets
Equities
How to find an ASX "super stock" early (and an example of one)
HD Capital Partners