Australian (ASX) Stock Market Forum

BHP - BHP Group

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Tysonboss1 said:
Humble Junior,

I guess what I was trying to say was,

When you Bought your shares in BHP, you bought part ownership into a diversified portfolio of long life, low cost producing mines. Those mines produce alot of cash some of which BHP will will pay to you every 6 months and the rest they will try and invest for you back into more projects, when they have more cash than they can invest into projects for you they will buy back shares increasing you stake in the company.

Obviously as long as they continue to earn solid cash flow, and invest this cashflow into project earning high returns on equity, and return excess cashflow back to investors ( dividends and buybacks ) the longer to hold the more value gets built up in each share, So why would you want to sell for a quick profit.
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Dear Tysonboss1
Thank you so much for the replies and sharing your thoughts about BHP.
I am in the process of making up my mind whether to trade or to invest and my initial thoughts are to invest.
I feel welcome at ASF thanks to such encouraging replies from you and Drlog.
Now I am looking forward to some good reading.
Thanks once again...
 
A friend of mine was telling me to stay away from BHP because they will have to pay the carbon tax ?

What do you guys think ?
 
A good day for resource stocks.
Whoops.
BHP is down a fraction!!!!
There is either a great fundamental buy stairing you in the face.
Or you should be seriously selling this material rally.
:run:
 
notting said:
There is either a great fundamental buy stairing you in the face.
Or you should be seriously selling this material rally.
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^ Exactly! One can make an excellent case for either argument. I'm sitting here wondering wheather I'll look back and say what a fool I was for not buying in cheap, or lok back and say how wise I was not to waste good money on a cyclical stock headed firmly down.

Can you lend me $1?

(I need a coin to toss.)
 
Last week there were a string of articles about Kloppers' tenure as chief executive officer of CEO and that funds managers were losing confidence in him due to the poor communications from BHP to the investment community.

Then Michael Pascoe writes the following article in BusinessDay online:

http://www.theage.com.au/business/bhp-billiton-in-a-dark-place-20120730-2392b.html

ETA - just seen Robert Gottliebsen's article on Business Spectator:

http://www.businessspectator.com.au...-prices-pd20120730-WNSYX?OpenDocument&src=sph

Reaching for my tinfoil hat, it looks like somebody has it in for Marius.
 
three strikes and you are out
1. Rio failed takeover
2. Potash failed take over
3. Petrol Hawk over generous price tag.
 
I worked with a BHP branch, I offloaded my BHP shares as soon as I saw the way this was leading;
Thanks god I did!
BHP is managed at the top by lunatics [at the best]. Headquarter dum and dummer everyday, permanent waste of $, resources and all competent forces leaving in drove;
The sooner this ego maniac is out, the better for BHP;
He managed single handed to f.up the biggest material boom in memory: that is quite an achievement....
 
McCoy Pauley said:
Reaching for my tinfoil hat, it looks like somebody has it in for Marius.
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The Financial Review has been relentless in its push. Where is the push coming from? Are we going to see a change at the top, followed by big write-downs and a further substantial share price drop? I wouldn't mind some BHP but I'm holding off until this plays out and they take their write-downs and announce their intentions re Olympic Dam (a huge dud project digging up a mineral that has very poor short and medium term sales prospects - don't do it BHP!) and the outer harbour (probably still worth doing, but needs careful consideration).

After all that, $25 BHP shares (wild guess!) could be an excellent buy.
 
Tannin said:
The Financial Review has been relentless in its push. Where is the push coming from? Are we going to see a change at the top, followed by big write-downs and a further substantial share price drop? I wouldn't mind some BHP but I'm holding off until this plays out and they take their write-downs and announce their intentions re Olympic Dam (a huge dud project digging up a mineral that has very poor short and medium term sales prospects - don't do it BHP!) and the outer harbour (probably still worth doing, but needs careful consideration).

After all that, $25 BHP shares (wild guess!) could be an excellent buy.
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+1.
Around 25-26$ and without the clown or one of its SA copy, would be a great buy
 
35% drop in full year profit and and open pit plans for Olympic Dam expansion put on hold, pending looking at possible cheaper options.

Not too good for SA as a state, that expansion would have been very benefical
 
prawn_86 said:
Not too good for SA as a state, that expansion would have been very benefical
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I think SA was counting on it in budget projections. Untidy. They'll have to cancel that new demountable at the Salisbury West Primary School. Weatherill got in on that infrastructure pledge.
 
Time to buy some more BHP shares once people realise a $14 billion profit is still "ok"

OD on hold... that's fantastic it was potential white elephant material anyway.

Time to sell you house in Pt Augusta.

Good Luck.
 
Why is Olympic Damn postponenment continually quoted as a sign of the end of the mining boom?
It's a fricken Uranium mine.
Uraniums been in the dog house for years.

In its statement today, BHP stressed its focus was on key commodities like iron ore, coal, petroleum, potash and copper. In late morning trade BHP was up 0.9 per cent at $34.59 a share.
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So what's new?
 
skc said:
Are you sure? There's plenty of copper and gold at Olympic Dam. The uranium is probably just a by product!

http://www.mining-technology.com/projects/olympic-dam/
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Yeah -apparently its radioactive copper. I don't know much about the Olympic Dam expansion except that BHP's share price went up when they said they were going back to the drawing board and secondly, that removal of the overburden alone was going to be a six year opperation (if my memory serves me correctly). Every man with a dog is digging up iron ore these days, but what about copper supply? There doesn't seem to be any new piles of it lying around anywhere that can just be easily dug up (Oyu Tolgoi is the most recent major development?).

Anyway, time for materials to have a rally. Demand and prices recovering somewhat and now QE4 is here.
 
skc said:
Are you sure? There's plenty of copper and gold at Olympic Dam. The uranium is probably just a by product!
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True but that is all that has been shelved, their still going in for the copper.
Not sure about the gold and silver bye products.
 
I am looking for an entry in to BHP, in one of my forays in to the market this year.

Such a mining titan gets scant comment on ASF.

The lack of volume on the increase in price over the last twelve months makes me wary about entering.

Support lines at $5 decrements are from $35 all the way down to $20.

I cannot see it advancing much further north atm, and should it do, it will hit resistance at $50.

Below is a 10 year monthly chart.

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gg
 
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