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BHP - BHP Group

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Garpal Gumnut said:
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The brokers will be pushing it strongly over the next few days, but a further small drop is more likely until it hits support.

gg
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One day is not really enough to get excited about but it is going well today after hitting the area of likely reversal (post #2593 above). Another week will tell the tale.

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BHP W 290819.png
 
Boggo said:
From an EW/Fib view there could be a bit more downside, the (red) support line actually coincides with the min W.4 retracement of 38.2% with the 50% retracement being at $32.20. In theory the turnaround area is between those two.
All just my :2twocents worth !
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Boggo said:
it is going well today after hitting the area of likely reversal (post #2593 above). Another week will tell the tale.
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Well called so far:)
 
Quite an interesting pattern on BHP's recent chart.

High volume today heading towards completion of an inverted head and shoulders movement moving over 200d moving average.

Onwards and upwards is my guess.

And it's ex-div 6 days ago.

gg

chartdownload.png
 
And now for the Recommendations from our Brokers who are paid for this drivel.

Goldman Sachs
10 Sep 2019
Buy
Target Price $41.90
BHP Group (BHP.AX): Petroleum: Reinvest or divest? New discoveries could boost volumes 50%; upgrade to Buy
Was Neutral on 19 Feb 2019

MorningstarTM Premium
20 Aug 2019
Reduce
Fair value $30.00
Lowering our BHP Group FVE to AUD 30 on Higher Near-Term Costs.
Was Reduce on 16 Jul 2019

MorningstarTM Quantitative
10 Sep 2019
Fairly Valued
Fair value $34.46 Liquidity High
3 out of 5 star(s) rating
Was Overvalued on 06 Sep 2019

Consensus
10 Sep 2019
Hold
1 Strong Buy, 2 Hold, 1 Moderate Sell
Was Moderate Buy on 13 Apr 2018

gg
 
Upwards and onwards.

Up 0.43% today.

I reckon as I've said before that it may be in for a takeover at some stage.

One of the reasons it returned so much capital as ff to holders recently.

gg
 
In my opinion based on some insight, BHP is a very badly managed company which could do very well with a TO
They have fantastic assets due to historical reasons
With the right management and an in depth review of the workforce aka not only the headquarters,it could become the number one imho
 
qldfrog said:
With the right management and an in depth review of the workforce aka not only the headquarters,it could become the number one imho
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Given that BHP is third in global mining company earnings only to Glencore Plc at $219.75bn and ArcelorMittal at $76.03bn, they are doing a lot of things very well.
Comsec has a price target of $41.10 on BHP and as of Friday rated them a BUY.
BHP has world class assets and operates them at a high margin, so investment returns from BHP have been excellent in recent years. Unfranked yield is estimated at about 5% for the next year so that's a fair bit better than bank interest.
Reuters has an eps estimate for BHP in fy 2020 at $2.22 - about an increase of 20% over last fy.
BHP is well placed to take advantage of the EV transformation with excellent nickel and copper assets. But until then, it will also do handsomely from its petroleum and gas assets, which are mooted for significant expansion.
BHP is a much leaner company than it was in the past, with less risky exposures.
On a business as usual basis BHP will imho run well over $40/share for much of the 2020s, stretching over $50 in the latter part of the decade as its EV materials supply chain cranks up to meet emergent demand.
 
ASX announcement today
23/12/2019 8:29:13 AM Andrew Mackenzie retirement date 31 March 2020 (uploaded)

The share price is lower today no doubt on today's announcement

BHP CEO since May 2013

Oversaw the demerger of South32 Ltd in 2015.

Biggest controversy that Mr Mackenzie has had to deal with was the 2015 Mariana dam collapse in Brazil, which saw the deaths of 19 people and billions of dollars’ worth of damage.

upload_2019-12-23_13-40-7.png


Summary of revised terms of retirement for Andrew Mackenzie is included in the uploaded announcement below:

upload_2019-12-23_13-35-57.png


587
 

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Boggo said:
Follow up from post #2596 (and relevance to MCR and TLS threads).

Over $50 by the end of next year ??
My :2twocents again.

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Thanks for the charts @Boggo.
Am putting in a BUY order tomorrow at $34.60 and will leave it a few days.
If BHP tumbles more than expected I might even ratchet it down another notch.
BHP in the $35 range is an excellent price imho, but its China exposure is not at all favourable.
I had BHP pegged for sustaining +$40 this year but I can't see this being realistic unless an antiviral for COVID-19 hits the markets soon.
 
I just got my trade confirmation:
You've bought 877 units in BHP GROUP LIMITED (BHP) at a price of $33.51 per unit (not including brokerage), on trading account ****186
That took care of $30k in the trading account, so am off to the bank, literally, to withdraw more cash and transfer it in to our trading account.
Would be far simpler if CBA had decent term deposit rates, or even if banks had simpler inter-bank electronic transfer arrangements: hard to believe they do not in this day and age.
I worked out the buy price based on last year's gap, and do not doubt that BHP is likely to dip further.
However, this picks up the dollar dividend and I am pretty sure that BHP will finish this year substantially higher than present.
 
rederob said:
That took care of $30k in the trading account, so am off to the bank, literally, to withdraw more cash and transfer it in to our trading account.
Would be far simpler if CBA had decent term deposit rates, or even if banks had simpler inter-bank electronic transfer arrangements: hard to believe they do not in this day and age.
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you might want to look at NABtrade. i've been using them for a few years for the long term investment component of my portfolio, and have found them to work quite well for my purposes.

the brokerage rates are comparable (if not slightly better) than the other big institutional CHESS brokers, and you can link your brokerage account to the NAB high interest account for instant transfers in either direction that can be done at the click of a button.

currently pays 1.25% so not as good as the best retail fixed interest offerings out there, but it's still above the benchmark rate and if you're looking for a place to merely park cash while waiting for the right time to buy stocks, as opposed to deliberately maintaining a cash weighting, it fits the bill quite nicely.
 
@Trav. , Why going now in a cyclical so subject to China mood?
Risky IMHO and still so far from the 45$ a share pre GFC, with much of the ore available 13y ago gone forever.always remember a miner is selling the silverware by definition and need to always add with exploration/ finds /purchase just to keep level assets
Discard all the above if trading and not investing
 
@qldfrog BHP are currently building their South Flank mine and ore handling plant and have plenty of ore available in the region. Recent tonnes produced have been excellent even with the COVID restrictions in place. Also I am led to believe that other operators in south america have been impacted more by the COVID-19 which limits China options of finding replacement high grade ore.

Disclosure - I am employed by BHP and have the benefit of witnessing the operations at the work face.
 
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