UK 17:52 Friday, 30 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
When I penned my observations on Anglos American (AAL) the mining giant last week, my favourable impression of the company and its shares was partly based on the assumption that the management would be disposing of its old, inefficient and troublesome platinum mines that have hung about the company’s neck like a ton of bricks. Now we have reports that the company plans to sell off three shafts in the Rustenburg area of South Africa, further confirming my ‘good value’ estimation at the then share price of 1514p. Last seen the Anglo American share price was 1583p; up 4.5% in about a week and intimating a further challenge to recent one year share price resistance, at just above 1600p (have a look).
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