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BHP - BHP Group

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ajw01 said:
is this the bottom as Iron Ore has firmed to be trading over $100 again,
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It's hard to tell because IO price is so cyclic, I think the big bad Trump deal is starting to wear off and people are coming to grips that he's a typical businesses man full of poop. The US can't afford to dump Chinese steel altogether or even products made from steel for that matter.

 
ajw01 said:
My Opinion Only - Better reaction by the Stock Market than I anticipated :) is this the bottom as Iron Ore has firmed to be trading over $100 again, where BHP was selling for approx. $80 last year and China looks to be starting to grow again. Plus Copper is out preforming.\
Any thoughts?
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i got as far as the reduced divs. and moved on there are better opportunities elsewhere , BHP is my 5th largest holding ( by $value ) in directly held shares probably 4th if exposures via LICs and ETFs are counted .

i saw no compelling reason to add more at this time

will dig deeper tonight
 
*** Net debt of US$11.8 bn (FY24: US$9.1 bn) ***

another $US 2 billion in debt

Potash
Jansen Stage 1 ahead of construction schedule: 63% complete
Jansen Stage 2 in execution: 6% complete

still not producing after all these years

Higher capital spend to unlock organic growth
14 18 February 2025
Financial results
Note: Medium-term refers to FY27 – FY29 average. % FFC refers to % spend on future-facing commodities.
Increasing growth spend on future facing commodities with continued flexibility to adjust spend for value

but debt is going up ( despite all that off-loading of inefficient non-core assets )

crikey i am only a few pages in and i am already half-expecting to be sold a washing machine at a discount price

not above $20 for me ( to add more )
 
Please do your own research as this is my opinions only.

However, I can see some good indications of a turnaround, especially if China’s stimulus starts to really drive the Iron Ore Prices up.


Profit from operations US$9.1 bn up 90%

Attributable profit US$4.4 bn up 376%

The Interim dividend payout ratio was only 50% vs in FY24 the payout ratio was 54% which is a big difference on a company this size.


As we all expected the Iron Ore Price was going to be the concern

I guess we will know on the next update on prices realised on the 17 April 2025, BHP Operational Review For the nine months ended 31 March 2025


BHP Results from the report release today

Revenue US$25.2 bn down 8%

Attributable profit US$4.4 bn up 376%

Underlying attributable profit US$5.1 bn down 23%


Profit from operations US$9.1 bn up 90%

Interim dividend 50 US cps Fully franked 50% payout ratio


Copper Production up 10% at a Average realised price US$3.99/lb up 9%


Iron Ore Production up 1% Average realised price US$81.11/wmt down 22%

Last Year was HY24 US$103.7/wmt and this year Iron Ore is averaging back at this price again
 
ajw01 said:
Please do your own research as this is my opinions only.



However, I can see some good indications of a turnaround, especially if China’s stimulus starts to really drive the Iron Ore Prices up.



Profit from operations US$9.1 bn up 90%



Attributable profit US$4.4 bn up 376%





The Interim dividend payout ratio was only 50% vs in FY24 the payout ration was 54% which is a big difference on a company this size.







As we all expected the Iron Ore Price was going to be the concern



I guess we will know on the next update on prices realised on the 17 April 2025, BHP Operational Review For the nine months ended 31 March 2025





BHP Results from the report release today



Revenue US$25.2 bn down 8%



Attributable profit US$4.4 bn up 376%



Underlying attributable profit US$5.1 bn down 23%



Profit from operations US$9.1 bn up 90%



Interim dividend 50 US cps Fully franked 50% payout ratio



Copper Production up 10% at a Average realised price US$3.99/lb up 9%



Iron Ore Production up 1% Average realised price US$81.11/wmt down 22%

Last Year was HY24 US$103.7/wmt and this year Iron Ore is averaging back at this price again
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but China isn't the whole world , many other economies are struggling , i worry the mining cycle is on the way down ( consolidating )

not a bad thing longer term but might test the investor's patience
 
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