Australian (ASX) Stock Market Forum

BHP - BHP Group

Jump to new
i still haven't seen if the Vale JV is back in full operation , the potash projects don't seem to be producing , copper in South America is under some extra political risk , the oil and gas has been given away , and there will be pressure to give up coal , BHP chose not to expand Olympic Dam , it SEEMS that cost reductions is the main short-term path forward for BHP

it will be interesting to see if BHP starts shedding directors
 
no i never studied at University and my dad hung around till i was 14 and i lost faith in the unions by 17

i would have dumped the ALP decades ago if i was Albo ( they only like you if they think you can get THEM elected )
 
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
Click to expand...
Oh Whoa! What a drop in price.
 
Rabbithop said:
Oh Whoa! What a drop in price.
Click to expand...
Look at the eay they sold most non iron coal via s32,even coal is mostly joint venture. A dinosaur too heavy on its dying end .
went shale gas at the top sold back at the bottom..
hardly made any SP progress during a generational commodity boom.
Offloading to Woodside probably in worst timing again.
Too big to win.
In my view a failure more interested in following the latest woke trend and release flashy PR and TV ads than doing proper business.
$20 a share would be right i think .and that's taking inflation on board
 
Rabbithop said:
Oh Whoa! What a drop in price.
Click to expand...
Hi divs4ever & Rabbit,
My input is prob not needed - BUT my style of TA suggests that the "Sheep within this Share Trading Industry" will push BHP down to it's next support level @ abt $36.00 - However I would need to redo my TA if & when BHP gets to that $36.00 Level.
A Lower SP is then possible IMO

20220526 0910hrs BHP Chart.png


Cheers .
 
DrBourse said:
Hi divs4ever & Rabbit,
My input is prob not needed - BUT my style of TA suggests that the "Sheep within this Share Trading Industry" will push BHP down to it's next support level @ abt $36.00 - However I would need to redo my TA if & when BHP gets to that $36.00 Level.
A Lower SP is then possible IMO

View attachment 142174

Cheers .
Click to expand...
Good morning Dr. Your contribution is most welcoming to me. My mind is going round n round like a Merry Go round or is it A Dizzy Confusing Round. If I sell off today, I will be on loosing streak..worse A Stark naked Runner...Holding it...Not going to make a Difference..
Buying More to dilute...may have a unsatisfying taste in my mouth n the whole body....so there you go...Either way...I am a Streaker in the field giving others a Good Laugh... what do you think my wise Doc and the other Wisemen looking at the Stars Direction leading to The Birth.
 
Rabbithop said:
Good morning Dr. Your contribution is most welcoming to me. My mind is going round n round like a Merry Go round or is it A Dizzy Confusing Round. If I sell off today, I will be on loosing streak..worse A Stark naked Runner...Holding it...Not going to make a Difference..
Buying More to dilute...may have a unsatisfying taste in my mouth n the whole body....so there you go...Either way...I am a Streaker in the field giving others a Good Laugh... what do you think my wise Doc and the other Wisemen looking at the Stars Direction leading to The Birth.
Click to expand...
Not sure what you're drinking M8 - But Ya Gotta Stop it - you're giving everybody a headache. ;);)
 
Rabbithop said:
Oh Whoa! What a drop in price.
Click to expand...
but if the global economy trips ....



remember the climate change agenda is looking to cripple manufacturing , so BHP would only have potash as an acceptable commodity ( and potash isn't a profit-maker , yet )

and compared to 2015-2016 BHP is a much smaller company ( but allegedly more cash-efficient ) ( and the BIGGER BHP was a $20 ( ish ) share back then )

and the Vale JV still isn't making money ( for BHP )
 
qldfrog said:
I think the parallel matching BHP is these old British estate owners selling their silverware, then a block of land here and there, until even their worn carpets can not hide the rotting floorboards of the collapsing castle.
Too harsh?
Click to expand...
maybe ( too harsh )

now the timing of the cost-cutting is impeccable IF we are not in a 'super-cycle '

but are we ??

( just because you can see the abyss , doesn't make it automatic you will fall into it )

so we can see the abyss , we can see the 'super-cycle ' partly created by collapsing economies , which is the path to the future
 
Rabbithop said:
If I sell off today, I will be on loosing streak..worse A Stark naked Runner...Holding it...Not going to make a Difference..
Click to expand...
I am not sure what you are working off but based on Woodside’s share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum was US$23.4 billion. At that valuation, subject to change, the in specie dividend would have been US$4.62 with US$1.98 of franking credits being distributed per BHP share (US$10.0 billion of franking credits in total).
As Woodside's price subsequently declined, and I believe Woodside's valuation will be based on its closing price of 24 May, then I expect about 7% less than the above would be realised, or around AU$8.85.
I don't claim my maths are good, but I added more BHP beforehand to take advantage of the in specie dividend and, more importantly, BHP's
next one as it's still well ahead of inflation, interest, and most other company's offerings.
While that thinking was financially mercenary, I also realised that very few company's will be able to buy out the best miners with strong exposure to "green" minerals. I also see BHP as taking ESG seriously, and therefore believe it will continue to be in greater favour with investment houses than some of its lesser industry peers.
 
Last edited:
rederob said:
I am not sure what you are working off but based on Woodside’s share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum was US$23.4 billion. At that valuation, subject to change, the in specie dividend would have been US$4.62 with US$1.98 of franking credits being distributed per BHP share (US$10.0 billion of franking credits in total).
As Woodside's price subsequently declined, and I believe Woodside's valuation will be based on its closing price of 24 May, then I expect about 7% less than the above would be realised, or around AU$8.85.
I don't claim my maths are good, but I added ,ore BHP beforehand to take advantage of the in specie dividend and, more importantly, BHP's
next one as it's still well ahead of inflation, interest, and most other company's offerings.
While that thinking was financially mercenary, I also realised that very few company's will be able to buy out the best miners with strong exposure to "green" minerals. I also see BHP as taking ESG seriously, and therefore believe it will continue to be in greater favour with investment houses than some of its lesser industry peers.
Click to expand...
Good back of the envelope stuff, @rederob. Return to basics. Some of the other chat has been wide of the mark.
 
rederob said:
I am not sure what you are working off but based on Woodside’s share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum was US$23.4 billion. At that valuation, subject to change, the in specie dividend would have been US$4.62 with US$1.98 of franking credits being distributed per BHP share (US$10.0 billion of franking credits in total).
As Woodside's price subsequently declined, and I believe Woodside's valuation will be based on its closing price of 24 May, then I expect about 7% less than the above would be realised, or around AU$8.85.
I don't claim my maths are good, but I added more BHP beforehand to take advantage of the in specie dividend and, more importantly, BHP's
next one as it's still well ahead of inflation, interest, and most other company's offerings.
While that thinking was financially mercenary, I also realised that very few company's will be able to buy out the best miners with strong exposure to "green" minerals. I also see BHP as taking ESG seriously, and therefore believe it will continue to be in greater favour with investment houses than some of its lesser industry peers.
Click to expand...
well i saw an estimate the completed merger would double the asset value of Woodside ( WDS ) now your BHP entitlement ( if you were holding at the time ) is divided , every 5.5( something ) BHP earns you one WDS share

so what is a WDS share worth ( as compared to the current share price )

i was ALMOST tempted to add more BHP before the demerger , but i am not WDS's biggest fan ( by a long way ) now maybe WDS picks up some quality BHP former staff , and WDS will get an energy boost to go with the asset boost , and maybe not

however my 'acceptable price' ( for the uncertainty taken ) didn't appear , and will now watch and wait , to see what happens with WDS ( will their share price slide 'enough ' )

BTW ( IMO ) BHP's recent acquisitions hasn't been a long glowing list of achievements , and good luck trying to pick the winners in ' the Green experiment ' ( apart from copper and maybe nickel )
 
Top