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BHP - BHP Group

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Telamelo said:
Anyone tempted to "top up" more today at a discount? Not complaining prior to going ex-dividend tomorrow so thank you seller's :)
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i did look at possibly selling sep/oct 35.67/36.12 puts today, happy to take delivery at that 36'ish level, seems to have found some good support there towards the end of last year + this july. IVs on offer (mid 30s for oct contracts, high 30s for sep) looked decent, but it was a bit too far OTM for my liking today. if it falls by more than the div tomorrow i might sell them then.
 
BHP goes ex tomorrow.
Anyone with half a brain who has held onto this through the building insanity in China, will sell tomorrow after getting their franked dividend.
Should take and absolute spanking especially if US markets are week tonight.
US markets may be deceptively OK due to end of month overbalancing so next few days. BHP - bad!
 
notting said:
BHP goes ex tomorrow.
Anyone with half a brain who has held onto this through the building insanity in China, will sell tomorrow after getting their franked dividend.
Should take and absolute spanking especially if US markets are week tonight.
US markets may be deceptively OK due to end of month overbalancing so next few days. BHP - bad!
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Maybe, But Iron ore prices are up over night.

If its down by less than its dividend plus franking I would take that as an up day.
 
Rabbithop said:
Waiting for 35 to top up.?
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Value Collector said:
Maybe, But Iron ore prices are up over night.

If its down by less than its dividend plus franking I would take that as an up day.
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To claim additional franking credit's - must hold BHP for at least 45 day's anyway.. so till at least 15th October '22

P.S. I'm happy to add more if BHP does happen to drop to $35 or lower as any company making $31B in profit & paying an 11%+ yield plus boosted by big franking credit's is a no brainer imo lol
 
Telamelo said:
To claim additional franking credit's - must hold BHP for at least 45 day's anyway.. so till at least 15th October '22

P.S. I'm happy to add more if BHP does happen to drop to $35 or lower as any company making $31B in profit & paying an 11%+ yield plus boosted by big franking credit's is a no brainer imo lol
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If you buy today, is it not ex div?
Not sure of date
 
Telamelo said:
Yeah frog ex-dividend date is today 01st Sep & record date is tomorrow 02nd Sep (as divvy gets paid 22nd Sep)
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My understanding and a quick search, but check accuracy if it may apply to you.

When you are not entitled to claim a franking tax offset?


If you have more than $5,000 in franking credits from a single parcel of shares.
 
Telamelo said:
To claim additional franking credit's - must hold BHP for at least 45 day's anyway.. so till at least 15th October '22

P.S. I'm happy to add more if BHP does happen to drop to $35 or lower as any company making $31B in profit & paying an 11%+ yield plus boosted by big franking credit's is a no brainer imo lol
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yes you have to hold for 45 days, to get franking credits.

But if you were had already exceeded that 45 days, you would have been better off selling this morning rather than yesterday, or if your planning on buying and holding for 45 days you would have been better to buy yesterday.
 
How bad would China's growth have to be hit for BHP to break down through these support levels?

Screen Shot 2022-09-02 at 10.51.32 am.png
 
Sean K said:
How bad would China's growth have to be hit for BHP to break down through these support levels?

View attachment 146290
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China or our ( trading ) relationship with China ??

some of our defense alliance partners are getting more than a little crazy

and if we really mess things up we might lose India as a potential replacement customer

BHP has broken $15 before and that was still carrying what was to become S32 and the petroleum arm , so you would have to be half-prepared to see $10 in the global economy went NASTY
 
Telamelo said:
Thanks Sean for highlighting chart.

Compared to say the likes of FMG - BHP is diversified enough to withstand any "temporary bad news from China" imo
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but FMG has displayed single-minded focus in recent years and a solid reputation , FMG might be able to pick up replacement clients more easily . ( extra funding as well )
 
divs4ever said:
harsh , but fair , for a business that needs long-term focus BHP has been making a few U-turns in the last few years
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The last few years?
This is a company that was trying to buy RIO and spent 450m in failing to do so in 2007 at $139.00 per share.
In 2008 after their pathetic attempt failed due to government blocking it RIO was trading at $38 something.
They really know there stuff!!
 
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