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BHP - BHP Group

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i looked at a margin loan back in 2011 and 2012 , but from studying the GFC from the outside i decided i didn't like the potential downside

so a margin loan NOW is right off my agenda

HOWEVER if the market was the crash badly , GEAR would be on my watchlist hoping to harvest the painful recovery

GEAR looks the best compromise between leverage and the market for me , would i DRP GEAR / that would be a harder question

( i do not hold GEAR)
 
The BRICS alliance — which is composed of Brazil, Russia, India, China and South Africa — is set to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to join, Ramaphosa said in a speech published on the X social media platform, previously known as Twitter.

The question I'd like to ask ASF members is this: how will it affect our materials, grains, oil etc?
 
i don't know i still hope to read a detailed transcript of the currency settlement agreements

once i can digest that , i will have a better chance of guessimating commodity prices in relation to Australian exporters

some miners like , MGX and GRR who have major holders that are Chinese and related to their major customer should be less affected ( unless hostilities are declared )

oil/gas prices will be a big unknown will Aussie exporters there be downgraded in importance if they persist in trading in USD
 
BHP goes ex dividend today.
.
also, the group has financed debt, with the bond offer comprising five tranches of bonds. The principal amount, tenor and coupon for each tranche of bonds are:
• US$850 million three-year bonds priced at a fixed coupon of 5.250% maturing in 2026
• US$700 million five-year bonds priced at a fixed coupon of 5.100% maturing in 2028
• US$900 million seven-year bonds priced at a fixed coupon of 5.250% maturing in 2030
• US$1.5 billion ten-year bonds priced at a fixed coupon of 5.250% maturing in 2033
• US$800 million thirty-year bonds priced at a fixed coupon of 5.500% maturing in 2053
 
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Dona Ferentes said:
BHP goes ex dividend today.
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so,
is BHP a dividend stock?
Screenshot_20231107-154147_CommSec.jpg
 
Dona Ferentes said:
so,
is BHP a dividend stock?
View attachment 165376
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well that is the principal reason i hold BHP although i also class it as a 'safe-haven' the logic used is it is too big to fail easily , although goodness me management is doing it's very best to shrink the business to help make failure possible

( i wonder what it will divest next )
 
Ferret said:
Maybe potash in the future.

I'm happy to hold, but won't be buying at current prices.
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Well there is nothing like positive thinking, BHP should be able to pick u Kalium Lakes and SO4 for a song. ;)

I've had BHP a couple of times, but always lost patience with management, it always seems to be about them IMO.:2twocents

I found the same problem with Santos, from a personal perspective.
 
sptrawler said:
Can someone give me a reason to buy? Where is the growth coming from, apart from a falling Aus dollar.



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not currently , i can't ( give you a sound reason to buy )

a trader buddy was thinking sub $40 ( closer to $35 i think )

maybe some might hope for the QLD coal divestment cash to sweeten the divs , but i thought i read the cash was going to be used to reduce debt and fund more capex

i still want to see if the OZL acquisition with be smooth or painful

but saying all that i was buying BHP in the dips several years back ( before they divested S32 and the Petroleum Arm etc
 
Executive leadership team update BHP announces updates to the executive leadership team.

BHP Chief Executive Officer (CEO), Mike Henry said: “These new appointments ensure that we continue to build organisational capacity, with the right mix of skills, experience and perspectives to deliver BHP’s strategy and pursue our growth agenda.
Our operating environment is increasingly complex, but also rich in opportunity for companies that are best able to positively engage stakeholders, deploy capital to the right opportunities in a disciplined way and deliver safe, reliable operational performance.
BHP continues to make significant progress on its strategy, delivering strong operating performance, an enhanced portfolio more strongly leveraged to the megatrends shaping the world, improved growth options, and a differentiated approach to social value creation – all in support of strong long-term shareholder returns.
” Chief Financial Officer
Vandita Pant has been appointed Chief Financial Officer (CFO), effective 1 March 2024. Vandita is currently Chief Commercial Officer. She joined BHP in 2016 and was previously Group Treasurer and Head of Europe. Vandita has more than 20 years’ experience in executive banking roles across India, Singapore, Japan and the United Kingdom, including with ABN Amro and Royal Bank of Scotland. Vandita brings strong global financial market, commodity and business development experience to the role.
David Lamont, current CFO, will remain with BHP until February 2025 as a Senior Executive Officer in an advisory and projects capacity, reporting directly to the CEO.
Chief Commercial Officer
Rag Udd has been appointed Chief Commercial Officer, effective 1 March 2024.
Rag is currently President Americas and, since his appointment in November 2020, has brought a systematic focus to leading the business safely and productively and has taken Jansen Stage 1 and Stage 2 through to sanction, opening up an exciting new growth front for BHP in Potash. Rag brings more than 25 years’ experience in the global resources industry in North America, Australia and South America.
He has previously held senior roles at BHP including in Western Australia Iron Ore, BMA and Technology.
President Americas
Brandon Craig has been appointed President Americas, effective 1 March 2024. Brandon is currently Asset President Western Australia Iron Ore, and in this role has demonstrated his ability to deliver strong performance across an integrated business of mines, rail and port operations. Brandon joined BHP in 1999 and has previously held Aluminium, Corporate and Coal leadership roles and brings over 20 years’ experience driving transformational change and operational excellence.
Chief Technical Officer

Johan van Jaarsveld has been appointed Chief Technical Officer, effective 1 March 2024. Johan is currently Chief Development Officer and since his appointment in September 2020, Johan has led strategy, acquisitions and divestments, securing early-stage growth options in future-facing commodities, capital prioritisation and decision evaluation. Prior to joining BHP, Johan held executive BHP Group Limited ABN 49 004 028 077 positions in resources and finance, and has more than 25 years’ experience, working across Asia, Canada, Australia and South Africa. Johan will replace Laura Tyler, who will leave BHP on 29 February 2024. Johan’s successor as Chief Development Officer will be in the subject of a separate announcement in due course.
Mike Henry said: “I would like to thank David for his significant contribution to BHP as CFO since he re-joined in December 2020. During his time as CFO, David has enhanced our approach to capital allocation and his breadth of experience was invaluable as BHP navigated a period of portfolio transformation and improving underlying performance.
I would also like to thank Laura for her commitment and contribution to BHP over almost 20 years. Laura joined BHP in 2004 and has made an outstanding contribution in multiple technical and operational roles across BHP and most recently supporting the growth of technology, innovation, exploration and ongoing continuous improvement at BHP as Chief Technical Officer.
I thank David and Laura on behalf of employees across BHP, the executive leadership team, the Board and our shareholders.” BHP Executive Leadership Team As a result of the changes,
the Executive Leadership Team (in addition to Mike Henry, Chief Executive Officer) will be as follows as at 1 March 2024:
Chief Operating Officer: Edgar Basto
Chief Legal, Governance and External Affairs Officer: Caroline Cox
President Americas: Brandon Craig
Chief Financial Officer: Vandita Pant
President Australia: Geraldine Slattery
Chief Commercial Officer: Rag Udd
Chief Technical Officer: Johan van Jaarsveld
Chief People Officer: Jad Vodopija

Authorised for release by Stefanie Wilkinson, Group Company Secretary.


i hold BHP

almost missed this

will wait and see if this creates a top-up opportunity ( departing management selling down/out )
 
divs4ever said:
Executive leadership team update BHP announces updates to the executive leadership team.


BHP continues to make significant progress on its strategy, delivering strong operating performance, an enhanced portfolio more strongly leveraged to the megatrends shaping the world, improved growth options, and a differentiated approach to social value creation – all in support of strong long-term shareholder returns.
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Social value creation? WTF is that? Go woke go broke I say.

I was thinking about adding some BHP, but maybe just owning IOZ will do.
 
Sean K said:
Social value creation? WTF is that? Go woke go broke I say.
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well i do miss Kloppers at the helm , he may have been a A grade a**hole , but he gave lucid and reasonable briefings ( i would read his outlooks intensely for guidance of the wider economy )

and i will be taking this into account if deciding to add more ( and at what price if a do )

luckily i do have some smaller ( and so far ) focused companies in the portfolio ( which are likely to climb up my priority list )

intriguingly some of these promotions are long term residents in the company ( despite flogging off several assets/arms )

do i hold longer hoping for more spin-offs/demergers or put a 'for sale ' sign on the holding ( for say $50 a share and lock in the profits )

also i will be watching S32 more intensively now for signs of ( Woke ) contagion
 
Sean K said:
Social value creation? WTF is that? Go woke go broke I say.

I was thinking about adding some BHP, but maybe just owning IOZ will do.
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Unlocking social value is a process of co-creation between society, stakeholders, and company leadership. Companies can create social value by considering the economic, environmental, and social aspects of their impact as well as how to increase well-being and development.

Basically I take it as being a good corporate citizen, eg being a safe place to work, contributing to society through Taxes, supporting communities and the environment in areas that you do business etc etc. basically giving the rest of society less reason to attack your golden goose.
 
Value Collector said:
Unlocking social value is a process of co-creation between society, stakeholders, and company leadership. Companies can create social value by considering the economic, environmental, and social aspects of their impact as well as how to increase well-being and development.

Basically I take it as being a good corporate citizen, eg being a safe place to work, contributing to society through Taxes, supporting communities and the environment in areas that you do business etc etc. basically giving the rest of society less reason to attack your golden goose.
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i wasn't aware BHP had such issues ( especially after divesting S32 , the Petroleum arm and QLD coal assets )

now RIO might easily be able to justify such an appointment

nice story but looks like window-dressing ' ( or green-washing ) to me

and by the way .. if you give the Greemunists a nanometer they will take a light year ( and still whine and rant and rage )

look no further than Elon Musk as what an ESG victim looks like
 
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