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BHP - BHP Group

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2007 i was very pre-occupied with other stuff

it wasn't until very late 2010 i took any notice of the stock market , so 2011 and later for me , everything before that was something i MIGHT have read about ( i didn't even stop work to watch 9/11 on TV that night )
 
If BHP had any kind of competence in it's corporate culture it should be trading at $200 having paid 6 to 7% ff dividend for the last 25 years and still be paying it.
The missed opportunity is so huge it boggles the mind
FMG, believe it or not, put both RIO and BHP to shame with it's lower grade IO over that time in terms of price appreciation and relative div payouts. So has the mino GRR and MIN.
Australia has been the lucky country ever since it was no longer a convict colony. That's all that has carried both BHP and RIO for this time, luck.
Unbelievable when BHP made that offer, RIO under the behest of the dumbest person to ever knot a tie, swallowed a 'poisoned pill' by paying US$38bn for the Canadian aluminum producer Alcan! Even though anyone with a brain larger than a pea could see the BHP take over was NEVER going to be approved by the legislators. Dick Evans, former CEO of Alcan, said in the WSJ that the decision to buy was "the worst decision ever and was the largest metals and mining transaction in the history of the world at the time and at the high point in the commodity cycle.” at a 65% premium.
But wait, there's more -
RIO then had to do a massively dilutional capital raising at the peak of the financial crises to get it's consequential debt under control at I think it was 29 per share and handed 1/3 of it to it's biggest customer - Chinese Communist Party!
Then RIO wrote down the value of Alcan to, I kid you not, $US10bn and sold it just before Aluminium prices rocketed through the roof.
Someone should make a comedy film out of it. Maybe call it 'Dumb and Dumber 3.
RIO would be trading at about AU$500 and still paying a10% ff div, if it were not for these imbeciles that they actually go out and head hunt from the US!!

 
They were gifted the best ore in the world, best coal, etc etc and slowly year after year, waste the benefits, rape the seams and waste resources we as Aussie own.
Worse, get sucked by any half a clue foreign opponent, even sold off the whole empire for a minor miner from SA: Billiton letting alpha males with harder skin takeover the whole top and medium management, a slaighter for these aussies born in the lucky country facing war trained corporate warriors..
But now the woke ate back, female status more than competence, lgbt , woke agenda dropping s32, petroleum and coal soon.i worked there as a contractor when they were under SA takeover..and left in disgust
 
qldfrog said:
28 dollars or so and i would take a small parcel, but always careful
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my BHP owe me just under $29 ( on average ) but they still included S32 and the petroleum arm , and my last parcel was bought in January 2016 ( so have gotten 5 plus years of divs out of them so far )

yeah i will probably keep what i have ( and don't participate in the DRP ) but i don't see compelling value at the moment
notting said:
FMG, believe it or not, put both RIO and BHP to shame with it's lower grade IO over that time in terms of price appreciation and relative div payouts. So has the mino GRR and MIN.
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yes i hold MIN ( 'free-carried' ) and GRR and had a nice run with TMM ( Tasman Mining ) but the top ten shareholders took it private in a 'friendly take-over ' ) , i am late to the party with FMG .. i held RIO for a while but don't plan on returning anytime soon

maybe BHP just dreams too big ( for it's own good )
 
Or just incompetence?
Fmr scares me with its green washing sorry plan..rio better than bhp but also too heavy iron
Honestly, i favor s32 and wds plus a few coal play ifeally outside west.but i also need diversification
 
Rabbithop said:
Maybe as low as $25 but don't think it will be that low of $10 if Global economy tank.
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and if global market tanks?
But for some minute fertiliser output and coal, none of BHP production is critical in a depression stage
I should put a remark here:
maybe BHP could only go to 20 bucks and not lower but that $20 may not buy you a loaf of homebrand bread at woolies then......
 
Lol think you guy's are dreaming saying stuff like BHP going down to $10 or $20 - no chance unless the global market's completely sh*t themselves with diarrhoea & we have a -50% crash from here

P.S. If somehow a "worst case scenario" eventuates.. then I hope BHP goes on a big value "shopping spree"
 
We can only hope Global markets won't be having the massive gastro attack, the pain will be enormous for all to bear. Whatever sp it spirals down, there will always a buyer who sees the price is right.
Friday was one of those days for me, sold 1 with a pot of gold, bearing in mind of a global downturn, buy in WDS with the pot only to see I loss 8cts per share within the hour, it hurts but that was the price I was willing to buy in...ahh...such luck sucks.
 
for me i am more likely to grab some more rather than 'back up the truck ' unless BHP makes a major individual blunder ( considering recent moves were NOT seen as admissions of past blunders by the share-holders , apart from the Brazil tailings dams debacle )

i would see it as a major market meltdown and BHP wouldn't be the only abandoned gem for example $20 for either BHP or WES would have me thinking deeply , each has their attractions .

could the markets drop another 50% ?? sure , but let's see if there are many reasons for a market to resist such a drop ( say underlying values of assets , are there growth headwinds or tailwinds , are there new geopolitical risks ( or breakthroughs )
 
qldfrog said:
Or just incompetence?
Fmr scares me with its green washing sorry plan..rio better than bhp but also too heavy iron
Honestly, i favor s32 and wds plus a few coal play ifeally outside west.but i also need diversification
Click to expand...
yes i see the 'green' sales pitch ' ( for both BHP and FMG ) and that is one reason i am NOT rushing to bulk up

am not a big WDS fan although the BHP spin-off handed me a few and i already held some , i want to see how the integration goes , maybe it is 'transformational ' in a good way

am still watching S32 ( even though i hold a few , partly from the BHP demerger and some purchased ) i was hoping for ' a mining consolidation cycle ' about now giving S32 some second tier acquisition opportunities ( where the acquired staff might be seen as an asset not a liability )

for diversity how about CSR .. makes a few bricks , has exposure to aluminum , exposure to property ( ownership and development , and building materials ) would benefit greatly if it could cut energy costs ( i hold CSR 'free-carried' , partly inherited partly purchased in 2012 @ $1.68 and $1.28 ) would probably need them to be sub $2 to be attractive ( i participate in the DRP )
 

Vale-BHP nearly double offer in mine disaster settlement

The collapse of a dam at the Samarco mine complex in 2015 killed 19 people and severely polluted the Doce River with mining waste.
www.mining.com

Samarco and its owners, Vale SA and BHP Group, agreed to almost double their offer in compensation for a 2015 mine waste disaster in Brazil, according to people with knowledge of the matter who asked not to be named because the discussions are private.

The mining companies raised the proposal to more than 100 billion reais ($19 billion) after Brazilian authorities showed disappointment to the 52 billion reais ($10 billion) offered. The new value is closer to a 155 billion reais public civil action for reparation used by prosecutors as a benchmark.

​


Officials said last week the two sides were still far from a final settlement, and would undertake the necessary measures to obtain reparation if the companies did not bring to the negotiation table a “minimally worthy” offer to repair the collapse that killed as many as 19 people and contaminated waterways in two states.
 
'doubled ' would seem to be a drop in the ocean given 7 years of inflation in Brazil

i am very disappointed that this matter hadn't already been settled satisfactorily it had immense PR value if they had done so ( much more than the 'green-washing' crap )
 
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