"There is an option to take shares, they would however be subject to a five year lockup and they would not be listed on any stock exchange. At the end of the five year period, they would be convertible on a one for one basis to an AB InBev share. If you elect for the … Continue reading SABMiller, 44 quid init mate?
"Gazing across at the commodities complex, you can see a train wreck. Since the market highs in April, Anglo American is down 42 percent, Glencore is down 66 percent, both slumping as a result of lower commodity prices and their debt piles, BHP Billiton is "only" down 27 percent, Sasol 20 percent, whilst Lonmin is … Continue reading Good Riddance Third Quarter
"It would have served me better to sit on the cash for 4 years, earn interest and then when the market halved in value I could have bought it then and I would have tripled my money today instead of just doubling it. That sounds great in theory except that you have no idea when … Continue reading Bottoms Up