Sign up for our free daily newsletter


Get the latest news and some fun stuff
in your inbox every day

South32 unbundling

There seems to be some confusion around the unbundling sale of South32. This happened when we elected that very option, electing to sell the shares rather than accepting them (the South32), when BHP Billiton unbundled them over a month ago. The average price achieved by the people managing the program (Goldman Sachs) was 1938.80 ZA cents. Current price of South32? 1625 ZA cents, you basically get a whole 355 cents more, which is a good outcome. Plus these sales were brokerage free, most importantly however, seeing as the percentage was so small, on a relative basis, it was the right thing to do. The value, at the higher sale amount, is roughly 8.1 percent of the current value of your BHP Billiton shares. That is good news.


Other recommended stocks     Other stories about BIL