Australian (ASX) Stock Market Forum

BHP - BHP Group

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Dona Ferentes said:
Well, there we go. Thread drift...

For a company founded in the 1880s and finally thrown off the yoke of the pinstripe brigade, they seem to do ok. The usual pile-in occurs, when timing of purchases and asset sales is not perfection personified, but I like the focus on tier one projects in rule-of-law locations.

Will continue to hold .

Fred
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Apologies to all.

Agree, a hold atm.

gg
 
Sean K said:
200!! I've been told that holding more than 10 stocks/instruments is throwing darts but I've explained it away as spreading risk. As an active full time investor I think I have some leeway. But, 200? My Excel spreadsheet would explode.
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some darts hit a comet , and some hit an abyss , and some sit in the bottom drawer

one joy of holding many stocks is , some companies do a demerger , so BHP sent me some S32 and WDS , WOW sent me some SCP/RGN and EDV , WES handed me some COL .

i PLANNED to be 'set and forget ' but these opportunities keep flashing by , and i grab some ( sometimes a compelling buy , sometimes a logical reduce/sell )

currently BHP is sitting in that bottom drawer
 
Garpal Gumnut said:
Apologies to all.

Agree, a hold atm.
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Appreciate your input, Mr gg, , O denizen of the North.

Its hard to keep a thread active when the market cap is, currently, $253,037 million, and the largest company on the ASX.

Not that these numbers are the only ones that matter, but the 12 month dividend was $4.40, franked, yield is 8.82% and PE sits at 5.61.
 
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Dona Ferentes said:
Appreciate your input, Mr gg, , O denizen of the North.

Its hard to keep a thread active when the market cap is, currently, $253,037 million, and the largest market cap on the ASX.

Not that these numbers are the only ones that matter, but the 12 month dividend was $4.40, franked, yield is 8.82% and PE sits at 5.61.
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the important fact for me , is that BHP is more than $20 above than my average buying price yielding me roughly 14.9% ( not counting franking and the bonus S32 and WDS divs from those bonuses )

so to me too lucrative to consider selling down ( although i did sell a few BHP after the S32 spin-off )

so am VERY happy to lock them in bottom drawer ( but leave the bank account active )

and besides the BHP reports take HOURS ( maybe a week ) to absorb properly if deciding to adjust the holding

besides BHP might still have another divestment left in the future ( say spin off the phosphate arm , or maybe float Olympic Dam as a separate entity )
and Nickel West still fits uncomfortably in the BHP portfolio as well
 
divs4ever said:
the important fact for me , is that BHP is more than $20 above than my average buying price yielding me roughly 14.9% ( not counting franking and the bonus S32 and WDS divs from those bonuses )

so to me too lucrative to consider selling down ( although i did sell a few BHP after the S32 spin-off )

so am VERY happy to lock them in bottom drawer ( but leave the bank account active )

and besides the BHP reports take HOURS ( maybe a week ) to absorb properly if deciding to adjust the holding

besides BHP might still have another divestment left in the future ( say spin off the phosphate arm , or maybe float Olympic Dam as a separate entity )
and Nickel West still fits uncomfortably in the BHP portfolio as well
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Sell some and pay the CGT.
The government needs the money.
Mick
 
mullokintyre said:
Sell some and pay the CGT.
The government needs the money.
Mick
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but then they would have to increase my pension payments

the government ALWAYS needs money , i agree with Kerry Packer on over-paying

currently they want to upgrade the helicopter fleet ( to add to the submarine obligations and F-35 contacts )

needless to say all these acquisitions will increase the carbon foot-print as well
 
Gunnerguy said:
Does anyone have an educated ‘guess’ on the size of the upcoming dividend ?
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It's a very good question.

In the last 6 mo.
  • No pommies
  • None or very little bad weather
  • Diversification Cu and RME.
  • Not in the news, just digging.
  • Chinese cousins back out of indoors buying Fe. and being nice to everyone.
I'd say Minimum $2.50 , max $3.50. Good pre divi buying of BHP in a range just below $50 over the last month expecting 5-7% FF interim.

Oh.

It's completely uneducated, just looking over last 5 years action and what I read.

gg
 

Morningstar™ Consensus​

Morningstar Consensus
CURRENT20232024
EPS ($)6.114.314.06
DPS ($)4.722.922.70
Franking100.00----
Full Recommendation

Goldman Sachs​

Goldman Sachs
06/2206/23E06/24E06/25E
EPS ($)4.712.982.782.39
DPS ($)3.251.931.531.19

there is the OZL take-over in play but that might not compete ( or might be funded in the later six months , also the funding of certain minor explorers/miners like KRM
 

will China be interested? coking coal​

​

BHP confirms coal mine sell offs​

BHP said costs at its global operations faced an effective inflation rate of 12 per cent for the first half of the year.
 
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BHP looks set to deliver shareholders another magnificent 5 years.

I fail to understand though, why the Queensland Labor government is hell bent on introducing unflagged taxes.

BHP have responded by putting 2 large coal outfits on the market which will go to American interests.

Princess Anna and her goofy 2IC have made a huge mistake removing any Queensland assets held by BHP out of the state.

BHP are good employers and value add to any rural and regional hamlets and oblasts in which they are situated.

Her Highness should get off the Beautiful People's Circuit which would not be a huge leap for her and concentrate on ruling Queensland for the good of all it's inhabitants not just those who live in the Southeast Corner.

Bad taxes on Miners = Miners leave.

gg
 
can't have QLD in better shape than other WOKE states ( like New York and California ) can you ?

considering the escalating theft rates in QLD , BHP will probably save a fortune in reduced insurance premiums

PS i reside in South East QLD life ain't so peachy down here either , maybe those unionists in Redbank need a job security scare to get them motivated
 
divs4ever said:
can't have QLD in better shape than other WOKE states ( like New York and California ) can you ?

considering the escalating theft rates in QLD , BHP will probably save a fortune in reduced insurance premiums

PS i reside in South East QLD life ain't so peachy down here either , maybe those unionists in Redbank need a job security scare to get them motivated
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Going to QLD next mth to play n visit Cleveland Town house in preparation for sale sometimes this Financial year. Currently have a 6k in my pot, thinking of buying BHP bet $40 - $42. Any opinion? Unable to locate Dr B once posted his comment n chart. Usual habit of going thru all the wise men opinions before making up my mind. Alternately, cld use this spare to do daily Trading.
 
Hi rabbit,…..

Looking at the BHP Chart, we see quite a few Lower Highs & Lower Lows (page 26 for something similar) since 27/1/23, the Lower Highs are pointing towards approx. $44.50, and the Lower Lows are pointing towards $36.93, both the $44.50 & the $36.93 just happen to equate to the current Benchmark Candle Formation 9pages197-199) of 31/10/23 to 14/11/23, I find that to be a bit “out of the ordinary”, admittedly there is a bit of leeway is constructing the Lower High & Lower Low Lines, but you obviously will ‘catch my drift’….. NOTE the 14/6/23 could be a Key Date to be aware of….

BHP has 5 Major Support Lines below the current SP of $45.02, and 3 immediately above it….

Two recent Major Candles, the Bearish Piercing and the Bearish Kicking (see below) are sending a pretty strong message – those 2 candles also form a ST Triple Top (pages 18 & 19)…

20230423 P & K Explanations.png


Next we should look at the ST Indicators – see below, they are all “BBBBAD TO THE BONE…..”
BUT, notice how good they all looked back on 31/10/22.... Really Great Entry Signals that just happened to co-incide with that "P" !!!!!
20230423 BHP Cht.png

20230423 BHP Cht 2.png

20230423 BHP Cht 3.png


All the TA above points to further Downtrend.

So unless there is some significant News that may cause a Bounce off one of those Support Lines, I conclude that the ST Downtrend should continue…..

BHP is one of those stocks that require Daily Monitoring, So I would also be watching each Daily Candle, and/or waiting for a Candle Formation to occur B4 I made a call on the ST Future Direction of BHP…

Cheers...
DrB.
 
Rabbithop said:
Going to QLD next mth to play n visit Cleveland Town house in preparation for sale sometimes this Financial year. Currently have a 6k in my pot, thinking of buying BHP bet $40 - $42. Any opinion? Unable to locate Dr B once posted his comment n chart. Usual habit of going thru all the wise men opinions before making up my mind. Alternately, cld use this spare to do daily Trading.
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strange that you mention BHP , now that my sell-down saga is over , and i have a little cash to spare ( for investing ) i did consider buying some ( extra ) BHP , golly gee , the current BHP is a much slimmer business now after spinning out S32 and the petroleum arm

my av. buying price was sub $30 when full of 'fat ' , even with the OZL acquisition almost complete is something over $40 a good deal

sure you have BHP being 'too big to fail ' but when will this commodity super-cycle wane , and earnings trim

i am busy deciding between ( extra ) BHP . a food company ( SGLLV ) and a REIT ( REP ) or something else ( that i do not already hold some of )

my instinct is to buy something defensive ( reasonably likely to pay divs over the next 5 years AND survive any approaching carnage )

PS i see Dr. B has shared some analysis since you posted , maybe i should break out the magnifying glass , to see if BHP is still good value , despite my feelings on the current price .

cheers
 
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