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BHP - BHP Group

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Dona Ferentes said:
bit of a difference between BHP Group’s venture capital unit and the company going after large-scale lithium extraction (BHP prefers its projects to be large, long-life and scalable).

The article was from Bloomberg and appeared over the weekend
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True, but the article you posted stated “the world’s biggest mining company has no plans to join the Lithium rush.” Whereas I’ve shown that BHP have interests in Lithium mining, even if not directly.
 
BHP SEEMS to be looking for new investment opportunities , but looking in areas where it doesn't look to have much expertise

the US shale adventure hints to me , it is buying assets hoping to acquire the expertise as it goes

i wouldn't call any BHP move into an area where it hasn't a solid history a wise investment ( after the last 5 years ) , more of a cash splash

one hand it is claiming to slim , and right-size it's business on the other hand expanding into new areas ( like potash ) since it desires to go EV ( resources ) why not REE , nickel/cobalt , ( it is already trying to expand copper exposure ) or if all else fails , just expand Olympic Dam and bite the higher costs bullet
 
BHP fell 9 per cent to $43.32 in early trading as shares traded ex-dividend. Analysts anticipate the miner to drop by more than $5 today based on Woodside Petroleum’s close yesterday of $28.99.

(Woodside’s ASX ticker code will change from WPL to WDS today to reflect the change of name to Woodside Energy Group.)
 
So, how many challenges for the accountants, in the last 30 years (ignoring the Magma's and the tilt at RIO)

out ... BHP Gold
out ... OneSteel
out ... BlueScope Steel
in ....... Billiton
out .... Billiton
out .... BHP Petroleum
 
Dona Ferentes said:
So, how many challenges for the accountants, in the last 30 years (ignoring the Magma's and the tilt at RIO)

out ... BHP Gold
out ... OneSteel
out ... BlueScope Steel
in ....... Billiton
out .... Billiton
out .... BHP Petroleum
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It's interesting you mentioned RIO, as I was thinking of that tilt of BHP's just last week.

Perhaps an upcoming challenge for the accountants.

BHP Market Cap $245,667m

RIO Market Cap $162,113m

Although the gentry in London might object.

gg
 
Dona Ferentes said:
BHP fell 9 per cent to $43.32 in early trading as shares traded ex-dividend. Analysts anticipate the miner to drop by more than $5 today based on Woodside Petroleum’s close yesterday of $28.99.

(Woodside’s ASX ticker code will change from WPL to WDS today to reflect the change of name to Woodside Energy Group.)
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i wouldn't call myself an analyst('s bootlace ) but i was thinking a $5 to $6 drop today for BHP

regarding RIO don't forget Glencore hasn't given up on snatching RIO , despite a new CEO ( at Glencore ) especcially as RIO has divested most of the bits the previous Glencore CEO found problematic
 
divs4ever said:
regarding RIO don't forget Glencore hasn't given up on snatching RIO , despite a new CEO ( at Glencore )
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RIO .... Aluminium, Copper, Minerals and Iron Ore .... Operating in 35 countries around the world (incl Mongolia, Guinea)

whilst BHP makes a virtue out of operating in rule of law countries, expensive as that may be.

..................................
and for the pretender; why only yesterday, the headline

Glencore pleads guilty to decade of bribery and manipulation​

Glencore admitted to bribery and market manipulation and said it will pay about $US1.5 billion ($2.1 billion) to settle US, UK and Brazilian probes that have hung over the commodities giant for years.
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"Bribery was built in to the corporate culture,” Manhattan US Attorney Damian Williams said at a news conference. “The tone from the top was clear: whatever it takes.” Brasil, Venezuela, DR Congo, Nigeria.
 
still looks reputable compared to some pharmaceutical companies

but apparently the new CEO is known internally as 'mini Ivan' ( that should by more than enough warning for RIO )

and such tactics used to be common in the oil and gas industry ( including fomenting civil wars and regime change in the O&G industry )
 
divs4ever said:
i wouldn't call myself an analyst('s bootlace ) but i was thinking a $5 to $6 drop today for BHP

regarding RIO don't forget Glencore hasn't given up on snatching RIO , despite a new CEO ( at Glencore ) especcially as RIO has divested most of the bits the previous Glencore CEO found problematic
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Reading analysts' analysis over 40 years, mate, anyone can be an analyst.

Getting it correct is the nub of the matter.

And very few get it correct all the time, most are just there because they can juggle the mugs.

Or are fortunate enough to be called Hamish by their doting well-heeled parents.

gg
 
Garpal Gumnut said:
Reading analysts' analysis over 40 years, mate, anyone can be an analyst.

Getting it correct is the nub of the matter.

And very few get it correct all the time, most are just there because they can juggle the mugs.

Or are fortunate enough to be called Hamish by their doting well-heeled parents.

gg
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well Hamish was never on the table when i was being named , so i am up against it there , ( and my parents were battlers to boot )

being wrong isn't so bad , as long as you take a hard long look at what went wrong ( and try not do the same thing , again )
 
eskys said:
Hi Rabbithop, thank you for your post.

Yes, you are correct but I didn't buy it for the divs. It is a good stock in my opinion. Let's see where BHP will take us in the future, good luck
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You are right but I have doubts about this merger. Wld it be ok for BHP?
I am still waiting to pickup at 40 or in the 30s if it's possible.
 
Rabbithop said:
You are right but I have doubts about this merger. Wld it be ok for BHP?
I am still waiting to pickup at 40 or in the 30s if it's possible.
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I'm also looking to add more BHP - question now is at what price is it fair value/cheap ? How low do we think BHP can perhaps drop too ? I welcome any thoughts/discussions.. thanks :)
 
around $20 for me ( the last lot i bought was $14.80 and that still had S32 and the petroleum arm in it )

so am NOT rushing for more

say the WDS spin-off is worth $4.50 per BHP share and S32 is a little over $4.50 ( that was 1 for 1 )

i reckon $29 for a 2016 BHP was a 'fair price ' ( not a brilliant $14.80 ) so yeah around $20 for what remains
 
divs4ever said:
around $20 for me ( the last lot i bought was $14.80 and that still had S32 and the petroleum arm in it )

so am NOT rushing for more

say the WDS spin-off is worth $4.50 per BHP share and S32 is a little over $4.50 ( that was 1 for 1 )

i reckon $29 for a 2016 BHP was a 'fair price ' ( not a brilliant $14.80 ) so yeah around $20 for what remains
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I see your reasoning thanks though feel that $20 is really cheap - you did well getting some below $15 as a terrific buy at that price. Well done!

I was thinking of adding more in the low to mid $30's if I get lucky it falls that low...
 
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