Tag Archives: Citigroup Inc.
Gold Gains on Investment Transactions, May ‘fight’ for Record
Gold gained in London on signs of increased demand from investors to protect their assets. The price for immediate delivery-precious metal touched $ 1,254.73 an ounce yesterday, its highest level since June 28 and within 1 percent of the all-time high. Gold at the 10 companies on the exchange-traded products.
“Gold will struggle at this level,” said David Thurtell, analyst at Citigroup Inc. in London, said. “It is technically the most traded commodity in the world. People look at the current record level just below that and try to sell.” (more…)
BHP Purchase would be better for investors than Potash Deal, says Citigroup
BHP Billiton Ltd investors would increase free cash flow per share gain from a stock repurchase program of own shares than the proposed acquisition of Potash Corp. of Saskatchewan Inc., Citigroup Inc. said.
Buy potash for an assumed $ 145 per share, compared with the current hostile bid from BHP’s $ 130, would be “dilutive” Citigroup analysts led by Richard Heath Jansen said in a report in London yesterday. When comparing a stock purchase of equal value to the deal and Potash funded on the same credit terms, free cash flow per share is higher in the purchase of own shares, said Jansen. Free cash flow is cash from operating activities after capital expenditures left. (more…)
