Australian (ASX) Stock Market Forum

BHP - BHP Group

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JohnDe said:
Las night I put set up several low bids thinking that their would be a drop. Caught nothing, my bids were too low, though I did have one at $45 but pulled it this morning. Ow well.

Anyone else think that the SP will drop below $45 before climbing next month?
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At the mercy of the general market at the moment. A lot of people running for the door. On the way down, 42.50-44.00 ish should be some support, but when the heard is running, it's hard to stop. Might be an excellent opportunity coming up for those with spare $$.
 
Rabbithop said:
I put it at 41..still watching
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Could go very deep if the general market has a proper correction - XAO to 7200 ish for eg.

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Sean K said:
At the mercy of the general market at the moment. A lot of people running for the door. On the way down, 42.50-44.00 ish should be some support, but when the heard is running, it's hard to stop. Might be an excellent opportunity coming up for those with spare $$.
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Sean K said:
Could go very deep if the general market has a proper correction - XAO to 7200 ish for eg.

View attachment 136437
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Yeah, that's what I'm thinking. BHP's unification is another unknown; will that and the possible price drop cause an influx of buyers next month?

My bids are between 44-43, Rabbithop might be onto something :)
 
i won't say NEVER but am unlikely to add more before they unload the WPL shares

the current holding is liable to leave me with an uncomfortable amount of WPL

unless WPL literally plummets after the deal i am unlikely to add more except via the DRP ( where i participate 100% )

but it is a crazy market , anything could happen
 
It will be interesting to see whether BHP falls below $40 over the next few days or not.

The ADR's cut back most of their losses on the NYSE just on the close.

The Australia Day holiday is going to leave many who are highly geared and those holding options a bit out on a limb tomorrow.

gg
 
The UK court has issued the court order sanctioning BHP’s unification, meaning the scheme will become effective at 9pm (GMT) on 28 January.

It follows last week’s news that BHP shareholders voted in favour of the unification.

Unification is expected to complete by 31 January 2022 (Melbourne time).
 
Garpal Gumnut said:
It will be interesting to see whether BHP falls below $40 over the next few days or not.

The ADR's cut back most of their losses on the NYSE just on the close.

The Australia Day holiday is going to leave many who are highly geared and those holding options a bit out on a limb tomorrow.

gg
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Only my opinion, it will. So should holders grab more or dump it?
 
i will probably watch

i really need it to be much lower ( and would be gambling the enlarged WPL when the demerger happens will be a better run company )

needs to shed at least another $10 for me

i would rather be stalking something like FMG currently ( or EVN or NST )
 
It doesn't take the ghouls and clippers long to look for 'their' angle

Morgan Stanley analysts ... looked at 10 past stock unifications and found nearly half of them did buybacks, while 70 per cent of them did mergers and acquisitions in the six months on either side of the unification move.

In BHP’s case, the analysts reckon the company could raise $US17 billion ($23.8 billion) in net debt while still staying investment-grade credit and $US24 billion ($33.6 billion) in equity, without needing shareholder approval (assuming a 0 per cent discount to the 25 January close).
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Of course, the WPL petroleum asset deal is already slated to go ahead.
  • for a buyback, and BHP using its entire US$16 billion franking balance, which MS reckons would cost it $US40 billion, and result in a $US3.36 per share special dividend.
  • Based on a simple market capitalisation filter in future facing commodities, the hypothetical extra capital would put IGO Limited, Nickel Mines Limited, Oz Minerals and Chalice Mining within BHP’s M&A budget.
 
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