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BHP - BHP Group

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BHP says iron ore prices are unlikely to fall below $US80 ($125) a tonne in an environment of softening Chinese demand, as it reported a 37 per cent slump in underlying profit to $US13.4 billion.

The decline was driven by weaker prices for iron ore, copper and coking coal, plus a decline in sales volumes of BHP’s flagship product, West Australian iron ore.

Shareholders will receive a US80¢ final dividend, taking the full-year total to $US1.70 a share. Both the profit and dividend result were weaker than analysts had expected.
 
Dona Ferentes said:
BHP says iron ore prices are unlikely to fall below $US80 ($125) a tonne in an environment of softening Chinese demand, as it reported a 37 per cent slump in underlying profit to $US13.4 billion.

The decline was driven by weaker prices for iron ore, copper and coking coal, plus a decline in sales volumes of BHP’s flagship product, West Australian iron ore.

Shareholders will receive a US80¢ final dividend, taking the full-year total to $US1.70 a share. Both the profit and dividend result were weaker than analysts had expected.
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personally i thought the market reaction was rather mild i threw in a small top up order sub $40 before the open as so far the market hasn't really got close to .

maybe the math whizzes think the $A will weaken further
 
Converting BHP full year eps and div to AUD on a current share price of $43 I get an actual P/E of circa 11 for a yield of about 6%ff. Not an exactly in depth comment. Not bad for a diminished year cf FY22 but will FY24 be more diminished?

Held and Hold
 
finicky said:
Converting BHP full year eps and div to AUD on a current share price of $43 I get an actual P/E of circa 11 for a yield of about 6%ff. Not an exactly in depth comment. Not bad for a diminished year cf FY22 but will FY24 be more diminished?

Held and Hold
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more diminished ( next year ) most likely

but not unattractively so at a reasonable discount

yes i hold BHP well
 
divs4ever said:

BHP disappoints across the board, but this fundie is still bullish​


www.marketindex.com.au

BHP disappoints across the board, but this fundie is still bullish

Short-term lifts in commodity cost curves will help offset soft iron ore prices, according to Joe Wright from Airlie Funds Management.
www.marketindex.com.au www.marketindex.com.au
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Dona Ferentes said:
BHP says iron ore prices are unlikely to fall below $US80 ($125) a tonne in an environment of softening Chinese demand, as it reported a 37 per cent slump in underlying profit to $US13.4 billion.

The decline was driven by weaker prices for iron ore, copper and coking coal, plus a decline in sales volumes of BHP’s flagship product, West Australian iron ore.

Shareholders will receive a US80¢ final dividend, taking the full-year total to $US1.70 a share. Both the profit and dividend result were weaker than analysts had expected.
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Dona Ferentes said:
BHP didn't disappoint... last year was a cracker. Quite happy with how they're travelling
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BHP is a good company no doubt but there is a case to be made when their commodities are bearish to sell pre and buy post report/divie or later.

There is always the danger that Pooh Bear in Peking finds a cure for his haemorrhoids, China recovers quickly and BHP shoots up over $50. Having spoken to the pub's GP, Dr. Tureen, who doubles as a China expert this is unlikely.

gg
 
Garpal Gumnut said:
BHP is a good company no doubt but there is a case to be made when their commodities are bearish to sell pre and buy post report/divie or later.

There is always the danger that Pooh Bear in Peking finds a cure for his haemorrhoids, China recovers quickly and BHP shoots up over $50. Having spoken to the pub's GP, Dr. Tureen, who doubles as a China expert this is unlikely.

gg
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well we seem to be in a commodity super-cycle , and maybe in the decline of that

i would have been more comforted if BHP had of projected a maximum production cost of iron ore for the coming year

things like cyclones and other disasters , worker strikes are all things that are known to happen in the industry , arguably demand for iron should stay solid , even if that iron is being is being for war machines rather than new railways and buildings
 
Garpal Gumnut said:
BHP is a good company ... but there is a case to be made when their commodities are bearish to sell pre and buy post report/divie or later.
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p'raps. I find it hard to get ahead of people cleverer than me doing such things.
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Dona Ferentes said:
BHP didn't disappoint... last year was a cracker. Quite happy with how they're travelling
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Of course i mean the previous year, prior to this one just finished
 
Shouldn't lose sleep over BHP. It's a good company....easy for me to say cos I don't hold.

If we buy a company with real business, pays dividends, at worse, it goes down and we can top up when we think the price is right to do so. I didn't buy today because I simply didn't know where it's heading. Good luck, Dona.
 
Dona Ferentes said:
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p'raps. I find it hard to get ahead of people cleverer than me doing such things.
.

Of course i mean the previous year, prior to this one just finished
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Thanks @Dona Ferentes . I too meant to refer to that point in the future when BHP hits an obscene high and a buy is signalled to me during a TV show in the pub. I meant to say next year, after the one yet to begin. :cool:



I have been in practice on the FOMO side by having the dubious distinction of buying NVIDIA at its high last night. My buy is now flashed about the globe for all the world to see.

Now having joined FMG posters on the BHP thread it is back to the BHP price today which appears to be recovering, as we say on the trading floor, "a tad".

gg
 
eskys said:
Shouldn't lose sleep over BHP. It's a good company....easy for me to say cos I don't hold.

If we buy a company with real business, pays dividends, at worse, it goes down and we can top up when we think the price is right to do so. I didn't buy today because I simply didn't know where it's heading. Good luck, Dona.
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basically i agree , i haven't bought extra recently , because i desire a lower purchase price

almost guaranteed if we enter a global recession
 




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CommSec

@CommSec
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Iron ore futures climbed on Thursday, with Singapore prices reaching a four-week peak - their longest rally since early June. The Dalian benchmark hovered around a two-year high as traders continued betting on demand improvement in China ahead of the building season next month.
 
I wouldn't be taking the margin option choice, divs. Not at a time like this with high interest rates, uncertainty and volatility etc unless you're a very good trader. Buy in the morning and get out end of day. You never know what can loom out in the dark overnight...have a great evening, divs, everyone, and good luck for tomorrow.
 
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