In theory, and it is only a theory, New Billiton could outperform New BHP after it is set free from its parent, the soon-to-be demerged BHP Billiton. However, if that is the case it is likely to only be for short-bursts during a long turn of the commodity price cycle. The problem with New Billiton is that while the team spruiking the spin-of Fare arguing that it contains "a high-quality portfolio with a competitive position in each of its commodities" the portfolio is obviously not regarded as good enough for its present owner. No amount of high-pressure sales talk can escape the reality of the asset bundle going into New Billiton being a grab-bag collection of cast-offs.
展开▼
机译:从理论上讲,这只是一种理论,在其新母公司即将脱离合并的必和必拓公司被释放后,New Billiton的表现可能会超过New BHP。但是,如果是这样的话,很可能只是在大宗商品价格周期漫长的短暂爆发中。 New Billiton的问题在于,尽管团队嘲笑Fare争辩,认为其中包含“在每种商品中都具有竞争地位的高质量投资组合”,但该投资组合显然对其现有所有者而言不够好。大量的高压销售谈话都无法逃脱进入New Billiton的资产捆绑的现实,这些资产捆绑了被遗弃的人。
展开▼