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BHP - BHP Group

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Where to from here comrades.

I've been buying BHP from $16 all the way up to June this year.

I went for the divi return option of today. $$$$

Will BHP retrace or go up n up.

I realise it is quite an unimportant share in ASF Land, just thought I'd mention it.

gg
 
ASX 19/12/2018 4:53:00 PM Dividend/Distribution - BHP


BHP shares trade ex-dividend today.

The BHP Group Ltd share price is likely to drop today after trading ex-dividend this morning for its fully franked $1.43 per share special dividend. This special dividend is part of a capital return programme announced after the divestment of its U.S. shale assets and will be paid to eligible shareholders on January 30.

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Thanks bigdog.

re. BHP.

Minus Billiton.

Time to follow a share down waiting for that exquisite moment when it pauses and shoots up again.

gg
 
Garpal Gumnut said:
Time to follow a share down waiting for that exquisite moment when it pauses and shoots up again.
Click to expand...
You probably missed it :cautious:.
My deficient chart readings suggest that a retrace below $33 is exceptionally unlikely in the near term, and improbable for years to come unless there is another GFC-like event.
I am of the view that we are on a new commodities rollercoaster where the peak is a long way off.
BHP is one of the best exposed diversified metals miners.
I do not put oil in this mix, but do see OPEC now acting decisively to keep prices above $50/bbl.
 
Tuesday's doji star suggested a possible reversal of BHP's near term fortunes but, instead, it ushered in the rare white marubozu on BHP's chart on Wednesday - a massive 99 cent gain for the day. Unsurprisingly there was a touch of profit taking today, which lopped off a measly 9 cents.
So far BHP is up over 15% since opening in January and there is nothing on the metals horizon that suggests it cannot climb higher still as the year progresses. It's literal train wreck in the west has now been written off and costly lessons there are not likely to be repeated.
The next obvious dent to BHP's price will be when Vale gets its iron ore exports back on track, but that's not soon.
 
rederob said:
You probably missed it :cautious:.
My deficient chart readings suggest that a retrace below $33 is exceptionally unlikely in the near term, and improbable for years to come unless there is another GFC-like event.
I am of the view that we are on a new commodities rollercoaster where the peak is a long way off.
BHP is one of the best exposed diversified metals miners.
I do not put oil in this mix, but do see OPEC now acting decisively to keep prices above $50/bbl.
Click to expand...
Possibly.

But probably not.

I take your points though.

gg
 
https://www.theage.com.au/business/...boosting-bhp-rio-and-fmg-20190318-p5154s.html

Brazil's Vale ordered to stop another mine, boosting BHP, Rio and FMG

By Darren Gray
March 19, 2019

The global market for iron ore is facing more uncertainty and the prospect of tighter supply after a Brazilian court ordered the suspension of operations at another Vale mine on Friday.

The news helped ensure that Australia's three biggest iron ore producers, Rio Tinto, BHP and Fortescue Metals Group, all climbed higher on the Australian market on Monday. Fortescue rocketing up 5.4 per cent to $6.83, its highest closing price in more than two years, Rio was up 1.7 per cent to $93.17 and BHP up 1.4 per cent to $36.98.

The indefinite suspension of operations at the Timbopeba mine, which produces almost 13 million tonnes of iron ore a year, is the latest ripple to hit global iron ore supply in the wake of the horrifying dam disaster at another Vale operation in Brazil January.

The court move is on top of earlier decisions expected to cut Vale's production by tens of millions of tonnes a year.

The uncertainty has pushed up iron ore prices significantly, with a key benchmark price for the commodity closing on Friday at $US86.52, almost 15 per cent higher than its price the day before the Brumadinho tailings dam disaster.

Citi analysts, led by Paul McTaggart, director of Citi's pan Asia metals and mining research, reiterated their forecasts that the key industry benchmark price would average $US88 per tonne this year, and $US70 a tonne next year.

But added that in a "upside" case the iron ore price could average $US95 per tonne this year.

Citi has lifted its target prices on Rio, BHP and Fortescue to reflect better earnings in the wake of the disaster. It lifted its target price for Rio by almost 6 per cent to a hefty $108 a share, pushed up BHP's by almost 4 per cent to $40.50, and lifted Fortescue's by 10 cents to $6.50.

The Citi analysts also outlined a scenario under which Australia's biggest iron ore producer, Rio, could pay a whopping special dividend of $8.24 per share next year, provided the iron ore price averaged Citi's higher forecast of $US95 a tonne this year and $US80 a tonne next year.

The shockwaves from the Brazil disaster, which has killed more than 200 people and left more than 100 missing, have continued to spread around the world, adding about $36 billion to the market capitalisation of Australia's biggest three iron ore producers since the incident.

Higher iron ore prices are also translating into healthier revenue for the miners, and consequently, higher corporate tax receipts for federal Treasury coffers and a multibillion-dollar budget boost for the federal Coalition on the eve of a federal election.

"Against a backdrop of constrained demand,
we have the Brumadinho (dam) tragedy impacting iron ore supply through 2019 and into
2020. Whether supply impacts are longer lasting is unclear," Mr McTaggart said.

"We forecast benchmark iron ore prices of $US88 per tonne and $US70 per tonne in calendar year 2019 and calendar year 2020 and see risks to the upside."

Senior resources analyst with Morningstar, Mathew Hodge, said there was considerable uncertainty surrounding what would happen in Brazil, and this uncertainty was benefiting the Australian iron ore producers.

"Who knows exactly how it’s all going to play out in terms of the liability and licensing and all the rest of it. But the longer it drags on, it’s definitely positive for these big (Australian) miners,” Mr Hodge said.
 
BHP is only $4 shy of it's all time record high.
What's different this time?
  • A slower build into present highs in a subdued global economy - the rush in 2008 was instead frenetic.
  • BHP has a smaller shareholder base after $billion buybacks.
  • Its resource base has shed lesser value assets
  • It's operations are considerably leaner and using world-best technologies - a silly mistake caused the recent massive Pilbara derailment and no doubt it will cause more system fail-safe features to be programmed into autonomous operations.
  • It's yielding over 4% returns at present high, not including franking credits.
I cannot see too many obstacles to $45 being hit this year although its push to $50 is not yet obvious.
 
The only situation that may push BHP to $45 are
1. Another GFC to push the price down.
2. Some time after a t/o bid from RIO.

I hold and will buy again after 1. occurs.

gg
 
I am new to gann & trying to learn it, in the process i got some videos course by various authors. I thought it a good idea to share it with all, hence, I have created youtube channel "Learn to Trade". First 3 video have been uploaded from 7 part video series course by Myles Wilson Walker "power of hexagon". I have decided to Upload 6 Hours Training Video by "Michael Jenkins" & "Wd Gann Master Time Factor" by myles wilson walker once i reach 1000 subscribe.
pm me if having problem finding newly born channel on youtube.
 
sumit_jha said:
I am new to gann & trying to learn it, in the process i got some videos course by various authors. I thought it a good idea to share it with all, hence, I have created youtube channel "Learn to Trade". First 3 video have been uploaded from 7 part video series course by Myles Wilson Walker "power of hexagon". I have decided to Upload 6 Hours Training Video by "Michael Jenkins" & "Wd Gann Master Time Factor" by myles wilson walker once i reach 1000 subscribe.
pm me if having problem finding newly born channel on youtube.
Click to expand...
Well done @sumit_jha and welcome to the forum with your third posting.
Please consider putting a link of your YouTube Channel and more importantly make sure you are posting those lessons within rights conferred and not breaching copyright provision.
Our ASF reported has burnt its finger on some copyrights issue and though YouTube is a different kind of beast with postings all kinds and all corners, I thought to bring your attention.
Good luck
 
Garpal Gumnut said:
The only situation that may push BHP to $45 are
1. Another GFC to push the price down.
2. Some time after a t/o bid from RIO.

I hold and will buy again after 1. occurs.

gg
Click to expand...
Hey GG. That is a bit cruel mate to see GFC to come just to make you rich purchasing BHP price down. Thankfully you have not wished a tailing dam to collapse like Vale .
 
BHP Poised to Cut Jobs as Streamlining Plan Progresses

BHP Group Ltd. will cut jobs in a continuing effort to reduce bureaucracy under a previously foreshadowed streamlining strategy, a person familiar with the matter said.

It is unclear how many jobs will be lost or when the reductions will begin, the person said, requesting anonymity because the move isn’t public. The changes come less than six weeks after the mining giant announced a major shake-up of its senior management, with the promotion of three women to key positions on its executive leadership board and the appointment of a chief transformation officer.


Earlier Saturday, The Australian newspaper reported that the mining giant would target more than 700 white-collar jobs which would be cut as soon as next week. More...
 
Ann said:
BHP Poised to Cut Jobs as Streamlining Plan Progresses
More...
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Not necessarily having a go at you Ann, but why is it that so many here simply lift articles and offer no comment.
I am more interested in how others here, ie those who are invested, react to this news.
From my perspective it's a minimum $50m annual savings which chips into to a bigger dividend pool for we investors.
 
rederob said:
Not necessarily having a go at you Ann, but why is it that so many here simply lift articles and offer no comment.
I am more interested in how others here, ie those who are invested, react to this news.
From my perspective it's a minimum $50m annual savings which chips into to a bigger dividend pool for we investors.
Click to expand...

I thought about making a comment but I am trying to study a book of candlestick charting patterns as well as talk here and look for interesting articles elsewhere. I just found it and slapped it up, but seeing you ask....

What I was thinking about saying is they appear to be doing an Al Dunlap much like John King is doing over a MYR. It will be interesting to see how it goes. Well, is my thought.
 
Whether you use Technical or Fundamental Analysis you have to buy low or at least on a runup.

This applies to all stocks.

I’ve had my franked buyback from BHP which puts my Super Fund into doublydigit yearly gain but I’m not going to add until it falls.

Just my opinion outwith of any tech performance, upper management brain farts or changes in government.

gg
 
Garpal Gumnut said:
Whether you use Technical or Fundamental Analysis you have to buy low or at least on a runup.
This applies to all stocks.
Click to expand...
True.
But you were hoping for another "buying" low back in January, and BHP is now over $6 higher.
Not being critical, just making the point about when the run was well underway, and the question about when to buy into it.
 
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