Australian (ASX) Stock Market Forum

BHP - BHP Group

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Dona Ferentes said:
It doesn't take the ghouls and clippers long to look for 'their' angle



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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AFR:
Screen Shot 2022-01-27 at 4.17.32 pm.png
 
plenty of shares changed hands on Friday , and BHP was right up there in the most actives list

how much more to come tomorrow ??

it might be something freaky ( like most of the XJO down except for BHP , or the opposite , with short-sellers thinking it is over-bought )
 
It is very very hard for me fighting the very bad taste left after working for BHP for years.
On paper sector etc i would run to buy a significant share but it was by far the worst managed big corporate i ever worked for. A highlight of wasted opportunities,backward thinking and act, PR focus and woke pretend.maybe it has changed but how could i give my money to these clowns ?
They have the lease, some of the best assets but gosh ..
I had a much much better feeling on Rio ,FMG , or even the minor miners.
Any afr member currently working within or with BHP able to give me an anonymous update?
 
qldfrog said:
It is very very hard for me fighting the very bad taste left after working for BHP for years.
On paper sector etc i would run to buy a significant share but it was by far the worst managed big corporate i ever worked for. A highlight of wasted opportunities,backward thinking and act, PR focus and woke pretend.maybe it has changed but how could i give my money to these clowns ?
They have the lease, some of the best assets but gosh ..
I had a much much better feeling on Rio ,FMG , or even the minor miners.
Any afr member currently working within or with BHP able to give me an anonymous update?
Click to expand...
Thank you for the inside info..it's valuable to the outsiders. I was in 2 minds to buy more.
 
Sean K said:
Can you share a snippet of it here?
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Yeah, sure. There are some images and graphs that go along with it but here is the start:

LIKE SO MANY Australians stranded in London, BHP has finally been able to return home. On 31 January 2022, BHP announced that the unification of its corporate structure had been sanctioned by a UK Court. This puts to an end a 20-year-old arrangement in which an Australian company and a British company gave the appearance of a single BHP. The arrangement had been put in place following BHP’s merger with Billiton in 2001.

As part of this arrangement, BHP shares had been listed on both the ASX (known as ‘Ltd shares’) and the London Stock Exchange (known as ‘Plc shares’). Under the unification agreement, all BHP shares will now be listed on the ASX. BHP Chairman Ken MacKenzie said the unification transaction would cost between US$350 million and US$450 million to complete. (And you thought your Qantas flight home was expensive.)

What makes this interesting is that the high likelihood that the dual listing would come to an end had the effect of making BHP the most shorted stock on the ASX, with close to 18% of its equity sold short. To understand why this was the case, it is first necessary to understand the differences between the Ltd shares and the Plc shares.

shortinghat.com

BHP and the amalgamation arbitrage - Shorting Hat

BHP is the most shorted stock on the ASX, with close to 18% of its equity sold short.
shortinghat.com shortinghat.com
 
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Brokers reckon there were hundreds of different investors employing hundreds of trading strategies on January 28, and in the days before and after, which together created the big bang.

The strategies were mostly around one commonly used theme in M&A transactions; long the target, short the acquirer. In this case, it was to go long the Plc shares and short the ASX listed Ltd, to capture the available spread between the pair.

As January 28 neared, the spread narrowed but so too did the timeframe, promising pumped up returns for fast money funds.

The shorters (and indeed their prime brokers) could go extra hard, knowing that there was guaranteed to be huge liquidity aftermarket on January 28, as index funds and index huggers bolstered their BHP Ltd positions.

For once, they didn’t have to worry so much about a short squeeze or the days to cover ratio.
 
Report for the half year ended 31 December 2021
This statement includes the consolidated results of BHP for the half year ended 31 December 2021 compared with the half year ended 31 December 2020.
This page and the following 76 pages comprise the half year end information given to the ASX under Listing Rule 4.2A and released to the market under UK Disclosure and Transparency Rule 4.2.2R and should be read in conjunction with the 2021 BHP Group annual financial report.
The results are prepared in accordance with IFRS and are presented in US dollars.
US$ Million Revenue from continuing operations up 27% to 30,527 Revenue from discontinued operations up 104% to 3,257
Total revenue up 32% to 33,784
Profit after taxation from continuing operations attributable to the members of the BHP Group up 108% to 8,471
Profit/(loss) after taxation from discontinued operations attributable to the members of the BHP Group up 606% to 972
Profit after taxation attributable to the members of the BHP Group up 144% to 9,443
Net Tangible Asset Backing: Net tangible assets1 per fully paid share were US$10.59 as at 31 December 2021, compared with US$10.26 as at 31 December 2020.
1 Net Tangible Assets includes right of use assets with a carrying value of US$2,754 million as at 31 December 2021.
Dividends per share: Interim dividend for current period (record date 25 February 2022; payment date 28 March 2022) US 150 cents fully franked Interim
dividend for previous corresponding period US 101 cents fully franked Dividend

Reinvestment Plan Any eligible shareholder who wishes to participate in the dividend reinvestment plan, or to vary a participation election, should do so by 28 February 2022 or, in the case of shareholdings on the South African branch register of BHP Group Limited, in accordance with the instructions of your CSDP or broker. Any former BHP Group Plc shareholder who previously made an election to participate in the BHP Group Plc dividend reinvestment plan will need to make a new election if they wish to participate in the dividend reinvestment plan. Full terms and conditions of the dividend reinvestment plan and details about how to participate can be found at: bhp.com

the very short version

DYOR

i hold BHP ( but don't participate in the DRP )
 
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