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Interesting development if rumour reported below is factual

On September 19, news publication Bloomberg reported that BHP Group Ltd. (NYSE:BHP) was considering a bid of nearly $6.7 billion for the purchase of Australian mining firm OZ Minerals (OZL). The offer is more than $1 billion higher from the previously reported figure of $5.6 billion.

Meanwhile.. OZL gives green light to $1.7 Billion Copper project

https://finance.yahoo.com/news/oz-minerals-gives-green-light-230658322.html?.tsrc=rss
 
Telamelo said:
Interesting development if rumour reported below is factual

On September 19, news publication Bloomberg reported that BHP Group Ltd. (NYSE:BHP) was considering a bid of nearly $6.7 billion for the purchase of Australian mining firm OZ Minerals (OZL). The offer is more than $1 billion higher from the previously reported figure of $5.6 billion.

Meanwhile.. OZL gives green light to $1.7 Billion Copper project

https://finance.yahoo.com/news/oz-minerals-gives-green-light-230658322.html?.tsrc=rss
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i would still rather hold OZL as a stand-alone share , rather than share the profits with the BHP board , first
 
There is a recent & current proposal by the Treasury and the Government to disallow franking credits associated with capital raisings by Australian companies. Worse still, they are considering making the legislation retrospective.

This means that investors will be hit by huge tax bills for capital raisings that have been carried out, in good faith, in the past. Investors in companies like BHP, CBA, WBC etc. will all be severely and negatively affected.

I therefore urge ALL investors to strongly oppose this measure, the details of which can be found in the link below. The link contains an email address which can be used to voice your concerns/disapproval
(prior to deadline 5th October 2022).

https://treasury.gov.au/consultation/c2022-314358
 
Telamelo said:
There is a recent & current proposal by the Treasury and the Government to disallow franking credits associated with capital raisings by Australian companies. Worse still, they are considering making the legislation retrospective.

This means that investors will be hit by huge tax bills for capital raisings that have been carried out, in good faith, in the past. Investors in companies like BHP, CBA, WBC etc. will all be severely and negatively affected.

I therefore urge ALL investors to strongly oppose this measure, the details of which can be found in the link below. The link contains an email address which can be used to voice your concerns/disapproval
(prior to deadline 5th October 2022).

https://treasury.gov.au/consultation/c2022-314358
Click to expand...
Instead of sending an email which has as much effect as a cow belch on CC, i would encourage your entourage to think twice before voting left or far left..sorry green at the next elections.
Retrospective laws btw are the domain of banana republics, kindergardens and despots and somzthing this country is quite fond of it seems
 
Telamelo said:
There is a recent & current proposal by the Treasury and the Government to disallow franking credits associated with capital raisings by Australian companies. Worse still, they are considering making the legislation retrospective.

This means that investors will be hit by huge tax bills for capital raisings that have been carried out, in good faith, in the past. Investors in companies like BHP, CBA, WBC etc. will all be severely and negatively affected.

I therefore urge ALL investors to strongly oppose this measure, the details of which can be found in the link below. The link contains an email address which can be used to voice your concerns/disapproval
(prior to deadline 5th October 2022).

https://treasury.gov.au/consultation/c2022-314358
Click to expand...

Do you mean the Tax Payer Alert (TA2015/2) on the subject matter and issued by the ATO in May 2015 wasn't sufficient warning to cause companies to exercise some caution about this matter?
 
Telamelo said:
There is a recent & current proposal by the Treasury and the Government to disallow franking credits associated with capital raisings by Australian companies. Worse still, they are considering making the legislation retrospective.

This means that investors will be hit by huge tax bills for capital raisings that have been carried out, in good faith, in the past. Investors in companies like BHP, CBA, WBC etc. will all be severely and negatively affected.

I therefore urge ALL investors to strongly oppose this measure, the details of which can be found in the link below. The link contains an email address which can be used to voice your concerns/disapproval
(prior to deadline 5th October 2022).

https://treasury.gov.au/consultation/c2022-314358
Click to expand...
BHP is in a great position minting cash from their assets. They've generated operating cash of $75 billion in the past 3 years, while only spending $22 billion of that on investments and most of the rest going to dividends. I can't see BHP having a problem with this, but I could be mistaken.

I don't have an issue with the government slamming corporations which pay special dividends out of capital raisings. It's a crazy stupid corporate/legal/tax exercise. Do it right - pay dividends out of your genuine profits.

But just don't touch regular dividends.
 
Market rebounded last night so i expect BHP to do well today.
Not convinced yet it is the rebound.
While the BOE has capitulated and is in QE again, so running toward a pound collapse, i am of the view we have still a couple of months of pain before we run into hyper stagflation and cyrrency collapse.knowing that a war could solve it all....
 
qldfrog said:
Market rebounded last night so i expect BHP to do well today.
Not convinced yet it is the rebound.
While the BOE has capitulated and is in QE again, so running toward a pound collapse, i am of the view we have still a couple of months of pain before we run into hyper stagflation and cyrrency collapse.knowing that a war could solve it all....
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I am with you qldfrog. More bumps on the journey to end of the year.
 
Oct 3 (Reuters) - BHP Group Ltd (BHP) lifted its long-term demand forecast for steel as a global shift towards the decarbonisation of power generation will boost requirement of the commodity, the world's largest listed miner said on Monday.

The Melbourne, Australia-based miner raised its forecasts for steel consumption by 2%, or 42 million tonnes, for 2030 and by 4%, or 76 million tonnes, for 2050, based on surging demand for wind and solar farm equipment.

"Steel consumption in power will triple from today with demand from wind and solar 5 times bigger," BHP said in slides presented to analysts on a tour of its Western Australian iron ore operations.

The world's steel production grew 3.8% to 1.95 billion tonnes in 2021, according to the World Steel Association.

BHP Group is one of the biggest iron ore producers in the world. Iron ore, the most important raw material in steel manufacturing, brought in nearly half of the miner's fiscal 2022 revenue.

The forecast upgrade comes in the backdrop of a global push towards decarbonisation of power generation.

Renewable energy's cost efficiency and competitiveness have spurred massive investments as well as favourable policies across the global.

Clean energy investment is expected to exceed $1.4 trillion in 2022, accounting for almost three-quarters of the growth in overall energy investment, the International Energy Agency said in its World Energy Investment 2022 report released in June.

((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))
 
Macquarie has confirmed an "Outperform rating on BHP with target price of $45.00 retained".

Forecast for FY23:

Macquarie forecasts a full year FY23 dividend of 261.05 cents and EPS of 347.79 cents . At the last closing share price the estimated dividend yield is 6.76%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.10. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 518.4, implying annual growth of N/A. Current consensus DPS estimate is 363.4, implying a prospective dividend yield of 9.4%. Current consensus EPS estimate suggests the PER is 7.4

Forecast for FY24:

Macquarie forecasts a full year FY24 dividend of 307.37 cents and EPS of 409.12 cents . At the last closing share price the estimated dividend yield is 7.96%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.43. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 425.3, implying annual growth of -18.0%. Current consensus DPS estimate is 309.2, implying a prospective dividend yield of 8.0%. Current consensus EPS estimate suggests the PER is 9.1.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
 
Telamelo said:
Macquarie has confirmed an "Outperform rating on BHP with target price of $45.00 retained".

Forecast for FY23:

Macquarie forecasts a full year FY23 dividend of 261.05 cents and EPS of 347.79 cents . At the last closing share price the estimated dividend yield is 6.76%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.10. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 518.4, implying annual growth of N/A. Current consensus DPS estimate is 363.4, implying a prospective dividend yield of 9.4%. Current consensus EPS estimate suggests the PER is 7.4

Forecast for FY24:

Macquarie forecasts a full year FY24 dividend of 307.37 cents and EPS of 409.12 cents . At the last closing share price the estimated dividend yield is 7.96%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.43. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 425.3, implying annual growth of -18.0%. Current consensus DPS estimate is 309.2, implying a prospective dividend yield of 8.0%. Current consensus EPS estimate suggests the PER is 9.1.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
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Boo Hoo Hoo entered at 49.
 
Oct 19 (Reuters) - BHP Group (BHP) today reported that Iron ore production rose +2% in the first quarter on the back of strong activity from its Western Australia mines amid lower COVID-19 related impacts & strong supply chain performance.

The world's largest miner said iron ore production from Western Australia was 72.1 million tonnes (mt) in the quarter ended September 30, compared with 70.6 million tonnes a year ago and a UBS estimate of 72 mt.
 
divs4ever said:
ALSO mining seems to be in a super-cycle ( whereas i was expecting this to be in a consolidation phase ) so how long does this cycle last ??

would war or a global depression bring things to a screeching halt
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Firstly, Thank you to Telamelo for posting that vid. Interesting to watch n learn. He isn't keen on Iron ore for the next few years, however what about copper n nickels in moving forward. A good company always plan the future ahead.
My simple general comment about any good management company (not directing my opinion to BHP).
I would think war/global depression will put things to a halt, isn't it a normal assumption?
 
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Rabbithop said:
Firstly, Thank you to Telamelo for posting that vid. Interesting to watch n learn. He isn't keen on Iron ore for the next few years, however what about copper n nickels in moving forward. A good company always plan the future ahead.
My simple general comment about any good management company (not directing my opinion to BHP).
I would think war/global depression will put things to a halt, isn't it a normal assumption?
Click to expand...
war NORMALLY increases local consumption of resources at the expense of exports ( especially if the people you are in conflict with is your largest customer , one reason i was hoping we would be trading more with India by now )

now depression you made think would certainly cap commodity prices ( and demand , depending on government response )

a sensible government ( remember them ) would embark on 'nation-building ' projects to soak up the excess labor, but what are our chances this time , have i completely misread Albo ??

Rudd tried but the plans were badly implemented ( as much as i disliked Rudd he gets points for trying the correct tactic in the GFC )

BHP since the S32 divestment has been making some intriguing decisions , and given they always seem to take on long-term projects i am not so confident the current crop are up to the task

maybe not halt , but Australia has let it's manufacturing capacity wither ( could the need to revive it be a boost )
 
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