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BHP - BHP Group

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Cheap at the price really, BHP guilty as sin.

I'll be buying more tomorrow.

gg
 
Garpal Gumnut said:
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Cheap at the price really, BHP guilty as sin.

I'll be buying more tomorrow.

gg
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Rabbithop said:
Waiting patiently for price drop to $40🤔
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I was going to buy BHP today but the market was down and I was greedy. I tend to agree with @Rabbithop that it is a buy at $40, ex divie and t/o of Anglo depressing the price.

The high for the year was $50 or thereabouts and the low is around $42 as it is today. I enclose a 12 mo. daily with an RSI and a 5 year weekly with a 50m SMA. I guess these decisions are what you pay financial advisers for to lose your money. Its a big bet.


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gg
 

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Garpal Gumnut said:
I was going to buy BHP today but the market was down and I was greedy. I tend to agree with @Rabbithop that it is a buy at $40, ex divie and t/o of Anglo depressing the price.

The high for the year was $50 or thereabouts and the low is around $42 as it is today. I enclose a 12 mo. daily with an RSI and a 5 year weekly with a 50m SMA. I guess these decisions are what you pay financial advisers for to lose your money. Its a big bet.


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gg
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i wouldn't be super-excited @ $40 ( no backing up the truck for me )

but maybe a smallish parcel , i could do
 
divs4ever said:
i wouldn't be super-excited @ $40 ( no backing up the truck for me )

but maybe a smallish parcel , i could do
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i tend to agree , i think if we see 40 that 38 is probable and i see 40 as probable . Lot of outgoings forseeable re BHP in next period or 2 . I think this takeover is dead in the water now also . Re this tailings dam thing BHP time to pay the piper is soon and given the SH class action the size of that is yet to be determined
 
Chipp said:
Might help some , might hinder others . BHP had some 'oneoff' costs effect EPS this year . This class action also has that potential going forwards and that may be reflected in shareprice at some stage once it actually hits the courts (media ) . I believe this class action is going to make returns slim until a resolution , of course if it all works out for BHP and no liability is found returns will all come back in a rush , this is when i will likely hold BHP for a year or so but untill then i will be in and out as circumstances dictate using my systematic approach . good luck to all . View attachment 173649
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Earnings revisions are falling away in last month and i see Goldman has withdrawn coverage in last couple weeks . Stormy weather ahead ( sorry Captain ;-) ) .... I think next earn report will shine a light on the road ahead on Aug 27th with an operating update on July 17th possibly giving some into . The 2 key dates going forwards outside any class action updates
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i would like ( more ) BHP much lower than $40 , but suspect that could be a long wait

so a little near $40 , and some reserve cash ( in case of a bigger dip ) is about the best mid-term plan i can formulate

the mining super-cycle must end eventually but when will it ?
 
BHP Group provided Revised proposal for Anglo American.
The Revised Proposal reflects the Company's transaction structure set out in the Initial Proposal.

Under the Revised Proposal, the Company has increased the number of shares that would be received by Anglo American shareholders.

i hold BHP

hmmm

increased dilution

how will the market take that

.. and Anglo still thinks the offer is too low , i wonder what Anglo shareholders think
 
divs4ever said:
BHP Group provided Revised proposal for Anglo American.
The Revised Proposal reflects the Company's transaction structure set out in the Initial Proposal.

Under the Revised Proposal, the Company has increased the number of shares that would be received by Anglo American shareholders.

i hold BHP

hmmm

increased dilution

how will the market take that

.. and Anglo still thinks the offer is too low , i wonder what Anglo shareholders think
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I am so happy not to hold.
Interesting article in today's afr about the fact Mike Henry BHP, and Santos are among the few Australian shareholding companies heads private jetting around....you know where your money goes..am I surprised? Not for bhp..
And I reduced the already small STO holding
 
www.afr.com

Anglo American to sell Queensland coal in big shrink, spurning BHP

Anglo American will sell or shut everything except its copper, iron ore and potash mines as part of a strategy to dodge BHP’s advances.
www.afr.com www.afr.com
In a swipe at BHP, Mr Wanblad said he had wanted to wait until after the South African elections on May 29 before announcing his restructure of the company, which will require South African government approval for a demerger of its platinum and diamond mines.
 
noirua said:
www.afr.com

Anglo American to sell Queensland coal in big shrink, spurning BHP

Anglo American will sell or shut everything except its copper, iron ore and potash mines as part of a strategy to dodge BHP’s advances.
www.afr.com www.afr.com
In a swipe at BHP, Mr Wanblad said he had wanted to wait until after the South African elections on May 29 before announcing his restructure of the company, which will require South African government approval for a demerger of its platinum and diamond mines.
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but by divesting the coal , doesn't that make it more attractive to Glencore

let's see what happens next
 
One of the minor shareholders in Anglo has blinked. The BHP offer may have legs.

From the FT today.

London-listed Anglo said last week that it would break itself up as it tried to convince shareholders that it had an attractive future as a standalone group after rejecting two offers from BHP.

Under the radical plan, Anglo would hive off its De Beers diamond and South Africa-based Anglo American Platinum businesses as well as its coking coal assets. The group would instead focus largely on its iron ore and copper assets, which are coveted by BHP.

“The plan outlined by Anglo American is a radical but attractive strategy to create value for long-term investors,” said Nick Stansbury, head of climate solutions at LGIM, which is a top 10 investor with slightly less than 2 per cent of Anglo’s stock.

“We agree the execution of this plan will be challenging for management to deliver on, but we are confident in their ability to do so over time.”

BHP’s second all-stock proposal valued Anglo’s shares at £27.53 and the company at £34bn, up from approximately £25 a share, or £31bn, in the first approach.

Under UK takeover rules, BHP has until 5pm on Wednesday to lodge a formal offer or walk away, giving the board of the world’s largest miner hours to make a last-ditch effort to bring Anglo to the negotiating table.

Stansbury of LGIM, which also holds almost 1 per cent of BHP shares, said that the pair of proposals from BHP “are far from reflecting fair value for the business. For a takeover offer to be attractive an offer would need to be at a reasonable premium to fair value.”
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gg
 
Wednesday’s third bid proposed to swap each Anglo share for 0.886 BHP shares. BHP chief executive Mike Henry described it as a “final offer” in a statement.

The original offer, lobbed in April, proposed to swap each Anglo share for 0.7097 BHP shares. The second bid offered to swap each Anglo share for 0.8132 BHP shares.

British laws compelled BHP to make a firm offer for Anglo or abandon its pursuit by Wednesday afternoon London time, but Anglo chairman Stuart Chambers indicated BHP had done enough to keep the door ajar for an extra week.

“The board is willing to continue to engage with BHP and its advisers on this topic and has therefore requested a one-week extension to the PUSU [put up or shut up] deadline,” he said in a statement. The UK Takeover Panel had agreed to the request, he said.
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....now this 3rd offer sits at a massive 67 per cent higher than where Anglo’s shares were on the day before news of the deal emerged. But the details, with spin-offs and a slimmed down Anglo stay the same, and a rising Copper price helps..
 
BossMan. said:
More shareprice pain to come tomorrow?

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as a BHP holder , i still fail to see what the big urgency is ,

let them break up the company and pick off the platinum assets

there are plenty of coal assets ,OOPS BHP just sold some of them , diamonds .. well the Russian sanctions sent heaps of diamonds to India and the retail folk mainly end up with synthetics

but BHP has made rash deals before
 
There is still a way to go with the BHP bid for Anglo. The Anglo board have been made to listen and will start speaking to the BHP board over the next one week. I would say there are many instos on Anglo's register who would be happy to be part of BHP.

A trickier problem will be the regulators, mainly in south Africa who will have to agree to a disposal of Anglo's Fe ore and Platinum assets before a sale. I'm more hopeful of a sale than I was last week but still would not be surprised should it fall over.

gg
 
Only my opinion...I hope BHP will stick to it's plan...should be the last offer n walked away now.
There are ma y fishes in the pond.
3 offers n each offer attempt is better to Anglo
 
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