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BHP - BHP Group

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Next target $55 to $57... just my :2twocents

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i was HOPING for $40 (ish ) but we are still cum-div. and BHP has been in the mid $50's recently ...

who knows maybe the activists see BHP as the new poster child

i have a top-up price target ( cum-div )

am NOT desperate for extra WPL ( i hold BHP and WPL already ) so if i miss the target-price i will not be too upset good luck everyone
 
I plan to take the dividend, and the resulting drop, sell after XD date, take my capital losses (and use against my gains this year) and Ms. Gunnerguy buy at the price I sell, through the market.
No ‘realised’ losses between the two of us, I get the CGT tax losses to use, and Ms. Gunnerguy gets the next couple of dividends.
I plan to do the reverse for us with FMG.
Gunnerguy.
 
i hope it is a HUGE drop for you then $30 ex-div. might very well tempt me to add a few extra BHP ( especially if i miss the cum-div target )

sadly i don't have an 'other half' so i can't try your tactic this year

good luck
 
Radical idea from a chartist, bear with me. I'm thinking that BHP at $42 is worth buying for a longer term large cap portfolio. (More for the capital gains than divs. )

What do others think? It'll take six months to sort the arrangement with Woodside.

Iron ore, copper, they'll grab more nickel to process. I wonder if they're interested in buying a lithium or rare earth production facility?
 
peter2 said:
Iron ore, copper, they'll grab more nickel to process. I wonder if they're interested in buying a lithium or rare earth production facility?
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+ Potash. The historical BHP model (after the Billiton nonsense) has been big Tier 1 assets in OECD countries.

Interesting thesis... no doubt they have looked at some Li & REE projects. But are there any with scale?
 
peter2 said:
Radical idea from a chartist, bear with me. I'm thinking that BHP at $42 is worth buying for a longer term large cap portfolio. (More for the capital gains than divs. )

What do others think? It'll take six months to sort the arrangement with Woodside.

Iron ore, copper, they'll grab more nickel to process. I wonder if they're interested in buying a lithium or rare earth production facility?
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the timetable for the WPL is to take MORE than six months closer to a year if memory serves me correctly
potash seems to be the big money-trap for BHP , but are throwing extra cash at copper as well

i already hold a reasonable amount of BHP at an average of less than $30 ( bought before the S32 spin-off )

more above $40 seems too expensive to me after recent policy reversals , on shale , oil and gas assets , one might also wonder if BHP will divest the rest of the coal assets , due to 'share-holder activism ' it SEEMS that a tiny percent of the share-holders are holding the company to ransom .

if BHP keeps shedding assets , it will be BHP , Glencore will be targeting not another try at RIO

because long term holders like me will ask has BHP lost focus , if the iron price drops to $US 50 what will BHP be valued at ,

weak management doesn't inspire confidence regardless of the divs passed out ( if they don't look sustainable )

don't be completely shocked if an ambitious FMG , start challenging for that ' BIG Australian title , because BHP and RIO are melting under pressure
 
ALSO there were those that considered the complex dual listing of BHP ( BHP PLC and BHP Ltd ) , made it very difficult for a predator
now that complexity is being unraveled willingly by BHP that has to raise the chances of a takeover ( in a climate of very low interest rates )

the apparently powerful 'activists ' already admit they MIGHT lend shares out to short-sellers

please be careful
 
i started nibbling BHP July 2011 ( @ $41.60 ) and continued nibbling down opportunistically to January 2016 ( @ $14.80 ) using the cash rescued from MQG for the last parcel ( after the SYD divestment )

the BHP av. SP is roughly $29 , not counting the bonus S32 , so happy dollar-wise , but increasingly alarmed at BHP policy reversals , ( shale , Gulf of Mexico acquisitions etc. ) and the rush to trimming down the company , surely it hadn't accumulated that much dead wood , and ill-advised projects

but investing to me is L-O-N-G-term , and a BIG company like BHP would be normally consolidating and picking up little gems ( like FMG , MIN and IGO are , currently ) preparing for the next growth phase

has BHP cracked the crystal ball ??

a well run-run company is more than large divs and share buy-backs
 
divs4ever said:
i started nibbling BHP July 2011 ( @ $41.60 ) and continued nibbling down opportunistically to January 2016 ( @ $14.80 ) using the cash rescued from MQG for the last parcel ( after the SYD divestment )

the BHP av. SP is roughly $29 , not counting the bonus S32 , so happy dollar-wise , but increasingly alarmed at BHP policy reversals , ( shale , Gulf of Mexico acquisitions etc. ) and the rush to trimming down the company , surely it hadn't accumulated that much dead wood , and ill-advised projects

but investing to me is L-O-N-G-term , and a BIG company like BHP would be normally consolidating and picking up little gems ( like FMG , MIN and IGO are , currently ) preparing for the next growth phase

has BHP cracked the crystal ball ??

a well run-run company is more than large divs and share buy-backs
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I mostly agree.

I got in around that time with BHP at $18 and sold out for all those delicious capital gain franked profits a few years ago.

I'll buy in again at $24.

I'm not greedy.

gg
 
Garpal Gumnut said:
I mostly agree.

I got in around that time with BHP at $18 and sold out for all those delicious capital gain franked profits a few years ago.

I'll buy in again at $24.

I'm not greedy.

gg
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you might not be waiting for long either if China raises the Bamboo Curtain to Australia , who knows what riches await in Afghanistan , and Mongolia has been under-explored as well , Australia could have new rivals ( and China it seems has been stock-piling 'strategic reserves ' )

there are already suggestions that China is not buying new US ( Federal or municipal ) debt which is mainly funded by their trade surplus

i reduced the BHP holding by about 44% in 2016 and so far haven't regretted that

maybe some extra luck is coming to us both
 
I have prepared some notes and diagrams for BHP outlining the important Minor and Major Cycles .

The first significant Date is the 24th September which is indicated as Main Low on the Curve . This is an important Date as it is 90 Deg in time from the 21st June Low and also 180 Deg out from the 22nd March Low marking this as important area where two intermediate Cycles converge . I will be watching this Date carefully and looking for a higher bar the following day . The next important date is the 4th October but at this point I am watching to see if the 24th September -/+ 1 holds and if it does not I will have a Time stop in place and exit the trade , anyway here are the notes .

We are also just past the 1 1/2 year long term Cycle out from the 13th March 2020 Low so we could be looking at a significant area with three differing Cycle lengths aligning on that Date .

Also of particular interest is The Square of the High calculation which Gann often used in his trading to determine Tops and Bottoms . The 3oth July Top came in at 54.55 and we have balanced that period in time running at approx 56 days into the anticipated Low . So far the time period down at 56 days has overbalanced all of the previous time periods and so has the price ( 15.32 ) is just a present range calculation and is not important . The next important price level to monitor is around 37.50 so if price holds above this level on the Cycle date it could also be a strong technical indication of Low around this time . If the 24th September does turn out to be Low the trend could run up till around the 29th October where Main Top is indicated and this is a significant point as it is just past the 90 Deg Cycle out from the 30th July Top which could mark the beginning of an important move .

In the second part of the Notes I have outlined some Minor Swings but it is important to recognise that the primary trend is indicated as up so these Minor swing points may or may not present themselves as a good opportunity but here they are anyway 1- 4th October Minor Top 14th October Minor Low and the 18th October could be Minor Top but the Main trend should be up till the 29th October. These Minor swing points could either turn out to be top or bottom so it would be prudent to only trade in the direction of the prevailing trend and if one of those dates sets up as a good counter trend low opportunity you may enter in the direction of the trend and if they come in as Minor Top they may present an opportunity to take some partial profits along the way . The Main trend could either run up 14% or 16% off September Lows . Make sure you have stops in place and allow the market some time to demonstrate that it is making Top or Bottom .

https://studentofgann.com

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BHP are not giving up the fight for Noront, fired back a counter offer within the five day grace period.
Taken with the rumour that they are talking/in discussions with Robert Friedland, is this the start of a pivot of sorts by the big lumbering miner?
New tactics for a new age.....sort of.
 
Noront really must be considered a prize they don't want Wyloo (Twiggy Forrest) to win.
Was Nickel really up over 5% overnight to USD/T 21102 (@4:54am)?
 
Has BHP been beaten up enough yet to make it look like long-term value? It's been ugly 3 months.

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Sold out this morning after the announcements surrounding mergers with Woodside energy.
Like others, I was looking at the possible buyback and franking dividends.
Now not so sure if that will happen anytime soon.
So on a day when I had a sea of red, I took the green bits on offer from BHP.
Mick
 
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