Aggregate and asphalt company Tarmac is on the block, with $6B USD being the estimated price. Not bad for $315M USD in earnings. This is 20x earnings. Tarmac is owned by Anglo, and its valuation is good for both Anglo and for any potential takeover bidder for Anglo. The more lean and focused they make the company, [...]
Entries from August 2007
August 4, 2007
Coal: everyone wants it
Anglo Coal is a very boring business, but it would fit so well for 3/4 the companies who would be interested in Anglo. Anglo Coal is tied into South Africa firmly, since 37% of the coal business is from mine mouth coal mines directly servicing power plants owned by Eskom. These are great little operations [...]
