BHP - BHP Group

[divs4ever]

Lets put it this way , maybe i actually can not say never fail BUT if BHP ever failed the balance of your SMSF is the last thing you should be worried about . I am discounting dystopian end of the world as we know it scenarios . But i am extremely confident outside an event like that BHP never fails .

BHP ( after a little recent buying ) is about 5% of my portfolio , directly ... indirectly ( via various LICs and ETFs ) say 7% to 8% all up

but the RIPPLES !! , i hold several mining services companies , a steel maker or two ( maybe one more next week ) and then there are logistics companies ( including heavy vehicle replacement parts ) and then there would be the genuine fear/confusion rippling through the market .

oh ! and i also hold DRR ( heavily reliant on BHP royalties )

sorry but dystopian is something i am actively trying to hedge against ( i now see that outcome as possible )

but will Dystopia arrive in my lifetime , given i am nearly 70 an in less than perfect health ?

BTW Dystopia isn't the end of the world ..(but that is possible as well with all these Atomic Playboys in charge ) Dystopia is only the end of civilization as we know it ( back to the bronze age , maybe even back to the Stone Age .. or we are no longer the dominant species on the planet , because who knows what crazy schemes are going on with genetics and robotics

but BHP should be OK until there is no recognizable Australian economy left ( just maybe not a $40 share )

.. but am looking ( and cautiously adding) to BHP and TLS in case the OZ economy persists during my lifetime

 

[TimeISmoney]

Every employee in an australian BHP mine is talking about this right now . I am convinced we be seeing this here before long

I doubt it, most of the mining industry in Australia is all about sub-contracting labour.

When you rock the boat too hard they just push you overboard.

 

[Chipp]

I doubt it, most of the mining industry in Australia is all about sub-contracting labour.

When you rock the boat too hard they just push you overboard.

OK what ever you say , not like its not already in the news . CFMEU type unions chasing that ambulance already .

Promise the punters half a new ranger bonus and the boys be signing up in droves

BHP forced to negotiate in new push to unionise Pilbara

Unions have forced BHP to the negotiating table and are demanding Rio Tinto do the same, a big breakthrough in their attempts to re-unionise the country’s biggest export industry after decades on the sidelines.

www.afr.com

WA premier backs unions over iron ore miners

Unions have forced BHP to the negotiating table, a big breakthrough in their attempts to re-unionise the country’s biggest export industry.

www.afr.com

Unions force BHP into pay negotiations, demand Rio Tinto follows

BHP (ASX:BHP) says it has no choice but to negotiate with unions over employee pays and conditions at its Pilbara iron ore operations under new industrial relations rules. “The AWU, Electrical Trades Union and the Australian Manufacturing Workers’ Union have initiated bargaining unilaterally...

mining.com.au

 

[farmerge]

DJ BHP Failed to Take Over Anglo. Will It Take Its Coal Mines Instead? -- Market Talk	BHP $44.41 -$0.40 (-0.9%) $44.40$44.41
04 Jun 2024 12:31:32
13 Views View attachment 178126 0 comments
0229 GMT - BHP may have had to walk away from its takeover bid for Anglo American, but the world's No. 1 miner could still seek to acquire its rival's metallurgical coal "crown jewels," the Moranbah North and Grosvenor mines, according to Jefferies analyst Christopher LaFemina. He reckons it might make strategic sense for BHP to buy those assets, which Anglo is expected to sell as part of a planned restructuring. However, the mines may also be of interest to Glencore, he adds, while Peabody makes sense as a potential buyer as well. "Anglo's Dawson, Capcoal assets and interest in Jellinbah could be attractive to pure-play Australian operators, financial buyers and Japanese/Indian steel consortiums," LaFemina says. He says those assets could be a fit for a number of companies, including Whitehaven, Yancoal, Stanmore and Coronado. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) (END) Dow Jones Newswires June 03, 2024 22:31 ET (02:31 GMT)

would be crazy if they did , they just offloaded Queensland coal mines to WHC

i hold WHC ( 'free-carried' ) and BHP

Makes little to no sense going back to coal mining.

 

[farmerge]

BHP ( after a little recent buying ) is about 5% of my portfolio , directly ... indirectly ( via various LICs and ETFs ) say 7% to 8% all up

but the RIPPLES !! , i hold several mining services companies , a steel maker or two ( maybe one more next week ) and then there are logistics companies ( including heavy vehicle replacement parts ) and then there would be the genuine fear/confusion rippling through the market .

oh ! and i also hold DRR ( heavily reliant on BHP royalties )

sorry but dystopian is something i am actively trying to hedge against ( i now see that outcome as possible )

but will Dystopia arrive in my lifetime , given i am nearly 70 an in less than perfect health ?

BTW Dystopia isn't the end of the world ..(but that is possible as well with all these Atomic Playboys in charge ) Dystopia is only the end of civilization as we know it ( back to the bronze age , maybe even back to the Stone Age .. or we are no longer the dominant species on the planet , because who knows what crazy schemes are going on with genetics and robotics

but BHP should be OK until there is no recognizable Australian economy left ( just maybe not a $40 share )

.. but am looking ( and cautiously adding) to BHP and TLS in case the OZ economy persists during my lifetime

@divs4ever hang in here divs 70 is only a teenager. Me a bit past that magical number.

 

[TimeISmoney]

OK what ever you say , not like its not already in the news . CFMEU type unions chasing that ambulance already .

Promise the punters half a new ranger bonus and the boys be signing up in droves

BHP forced to negotiate in new push to unionise Pilbara

Unions have forced BHP to the negotiating table and are demanding Rio Tinto do the same, a big breakthrough in their attempts to re-unionise the country’s biggest export industry after decades on the sidelines.

www.afr.com

WA premier backs unions over iron ore miners

Unions have forced BHP to the negotiating table, a big breakthrough in their attempts to re-unionise the country’s biggest export industry.

www.afr.com

Unions force BHP into pay negotiations, demand Rio Tinto follows

BHP (ASX:BHP) says it has no choice but to negotiate with unions over employee pays and conditions at its Pilbara iron ore operations under new industrial relations rules. “The AWU, Electrical Trades Union and the Australian Manufacturing Workers’ Union have initiated bargaining unilaterally...

mining.com.au

I've actually worked in places like Port Hedland, there aren't all that many workers directly employed by BHP.

 

[qldfrog]

Makes little to no sense going back to coal mining.

Was especially nonsense to get out of it

 

[divs4ever]

Makes little to no sense going back to coal mining.

well BHP went into shale oil BIG ( and then abandoned ship )

now i stopped studying geography ( included Geology back then ) after grade 10 , and i could see shale oil were short-term plays but apparently BHP didn't ?

maybe they will buy a 'clean coal play ' ( that's suitable for 'carbon storage after the mine runs out )

 

[divs4ever]

Was especially nonsense to get out of it

.. but i hold WHC , not a complete disappointment , for me

 

[farmerge]

I've actually worked in places like Port Hedland, there aren't all that many workers directly employed by BHP.

These big miners lover FIFO, though eldest son works for RIO and is not FIFO.

 

[TimeISmoney]

These big miners lover FIFO, though eldest son works for RIO and is not FIFO.

I was contracted by Monadelphous under BHP, they had a three strike system and you were out. It was a total joke BHP ruled with an iron fist, if they wanted you off site it didn't take much. People were getting pinged by the safety officers for having their sleeves rolled up. Everyone was constantly looking over their shoulder all time in case a safety officer was peeping around the corner. Mono's is another horror story of an unorganised mess.

 

[farmerge]

I was contracted by Monadelphous under BHP, they had a three strike system and you were out. It was a total joke BHP ruled with an iron fist, if they wanted you off site it didn't take much. People were getting pinged by the safety officers for having their sleeves rolled up. Everyone was constantly looking over their shoulder all time in case a safety officer was peeping around the corner. Mono's is another horror story of an unorganised mess.

My son worked for Vincent's many years ago, they were the pits Just one horror story after another for him.

 

[qldfrog]

My son worked for Vincent's many years ago, they were the pits Just one horror story after another for him.

I believe the fall in BHP SP will carry on a bit further.
I might even buy in,at one stage to play the commodity cycle.
We are nearly there $30s i think taking inflation into account.
Me buying in would not change on my view of BHP management, unless change happens

 

[BossMan.]

I believe the fall in BHP SP will carry on a bit further.
I might even buy in,at one stage to play the commodity cycle.
We are nearly there $30s i think taking inflation into account.
Me buying in would not change on my view of BHP management, unless change happens

I agree, the China story is yet to play out fully. More pain to come.

 

[divs4ever]

I agree, the China story is yet to play out fully. More pain to come.

View attachment 182751

but, but , but several large ( by land mass ) need to grow and develop , and one day the US will need to replace it's crumbling rail infrastructure

but the world would rather have concentrated ghettos and war toys

BTW China is still idealistically Communist , 'making money ' is not a high priority ( well it is certainly below not getting shot by the cadre)

AND other nations are capable of making steel ( but choose not to )

 

[BossMan.]

but, but , but several large ( by land mass ) need to grow and develop , and one day the US will need to replace it's crumbling rail infrastructure

BTW China is still idealistically Communist , 'making money ' is not a high priority ( well it is certainly below not getting shot by the cadre)

Oh definitely, however over the next 12 - 24 months I think we are going to see continued pain, similarly at the cessation of the Israel v.s. Gaza and Russia v.s. Ukraine conflicts we will see substantial demand.

However the short term is not looking good. Long term hold for sure, I agree with your to big to fail idea 100%.

Definitely look appealing in the $35 - $37 range.

 

[divs4ever]

well i started that 'too big to fail ' idea in early 2012 ( as a guide to larger holdings ) .. and it has been unsuccessful so far

not that the target companies have failed completely but certainly have had the teeth rattled on the bumps

the initial three were WOW (sold down 95% of the holding ) ,AMP ( sold out in 2018 ) and ORG ( sold at a modest profit after some aggressive strategies ) and the replacements ( between then and now ) haven't made the nightly sleep easier

long story short BHP and TLS are the current candidates with a vacant third spot which i probably should assign to WES , but haven't yet

in the last 12 ( or 13 ) years i have seen some amazing things happen in 'blue-chip' stocks ( it is almost like they buckle under the weight of size )

maybe i should heed a Warren pearl of wisdom more close

buy into companies so good , even an idiot can run it ... because eventually one will

 

[farmerge]

well i started that 'too big to fail ' idea in early 2012 ( as a guide to larger holdings ) .. and it has been unsuccessful so far

not that the target companies have failed completely but certainly have had the teeth rattled on the bumps

the initial three were WOW (sold down 95% of the holding ) ,AMP ( sold out in 2018 ) and ORG ( sold at a modest profit after some aggressive strategies ) and the replacements ( between then and now ) haven't made the nightly sleep easier

long story short BHP and TLS are the current candidates with a vacant third spot which i probably should assign to WES , but haven't yet

in the last 12 ( or 13 ) years i have seen some amazing things happen in 'blue-chip' stocks ( it is almost like they buckle under the weight of size )

maybe i should heed a Warren pearl of wisdom more close

buy into companies so good , even an idiot can run it ... because eventually one will

@divs4ever Those last four words how excruciating truthful they are.
In another life form when I worked in Perth for a very large company, the bosses were the biggest duds you guessed it, the most useless.
To top it off if the top dog was that, then his near on useless mates were his underlings.
As long as the bottom line of the balance sheet was a hefty black then all was good.

 

[divs4ever]

sadly ( or luckily ) i understood WOW had a middle-management problem in 1972 but that seemed contained

but somewhere along the way somebody broke 'the glass ceiling ' allowing the contagion to spread

am so glad i don't have thousands of them now EDV looks like it was a cast-off and not gem RGN( formerly SCP ) is struggling despite diversifying the anchor tenants

very interesting times

can BHP shrink it's way to corporate efficiency , or just be a capital churner

 

[TimeISmoney]

Most Aussie IO miners will still make a profit down to about $55 USD/ DMT, I'll gather they'll cull the bottom end of the workforce as they do so that the CEOs can still make some form of bonus.