BBL demerger

[benjamen]

http://seekingalpha.com/article/3193796-...ne-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

[rapidacid]

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...n-spinoff/

http://theconservativeincomeinvestor.com...plication/

[benjamen]

The vote already taken place with 98% in favor of the demerger:
http://www.bhpbilliton.com/home/investor...liton.aspx

[rapidacid]

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.

[rayray]

Did any of you guys get your South32 shares? I thought I'd have them by now.

[rapidacid]

(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.

[Kerim]

It looks from this announcement that you're looking at "on or about" May 29.

[rayray]

(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.

[DividendDream]

I got my shares 2 days ago. I owned 28 shares of BBL and received 11 shares SOUHV per the 5:2 exchange ratio.

[navyasw02]

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.

[kayboy]

(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.

[navyasw02]

(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.