BHP's demerged entity will face some downward price pressures unless a way can be found to channel its shares to more natural holders

John Robertson

PortfolioDirect

BHP's demerged entity will face some downward price pressures unless a way can be found to channel its shares to more natural holders. The rationale for a dual listed structure is that there are potential BHP Billiton investors who cannot or will not invest in an ASX listed company. These same shareholders are to receive shares in the ASX listed BHP Newco. Presumably, the shares will be sold. How will BHP Billiton structure the deal to stream these shares back to the Australian market and will the Australian market have an appetite for them?


John Robertson
John Robertson
PortfolioDirect

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

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