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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
 
Garpal Gumnut said:
I'm keen to add BHP but after this report I'll wait until the Trump effect washes over, possibly the end of either this a/ financial b/ calendar year.

Lotsa ups n downs between now and then.

gg
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Thanks @mullokintyre . This was my February comment on BHP which I have in the 2025 Competition. No change in sentiment from me.

gg
 
Here's the latest earnings forecast out to 2029 for BHP shares - Published February 25 by Motley Fool

BHP First, FY25

Broker UBS noted that BHP has pivoted to growth, and its capital expenditure is on track to lift to $10 billion in FY25, while the dividend payout ratio is trimmed to the 50% minimum.

The broker is expecting weaker iron ore prices over the next year (or longer) to be offset by higher copper prices.

UBS projects that in FY25, BHP could generate US$50.9 billion in revenue and US$9.6 billion in net profit, pay an annual dividend per share of US 98 cents, and increase its net debt to US$14 billion.

Next, FY26

The 2026 financial year is predicted to be significantly stronger for BHP.

Revenue could climb to US$53.7 billion, net profit could rise to US$11.8 billion, and the dividend per share could jump to US$1.17 per share. The balance sheet could start to improve, with the net debt projected to reduce to US$13.3 billion.

Motley Fool Full Report https://www.fool.com.au/2025/02/25/heres-the-latest-earnings-forecast-out-to-2029-for-bhp-shares/
 
And why bhp will always be underperforming:
Deliberately choosing lesser candidates for years based on sex, now the rot is ingrained:
The lesser candidates are now heads of...
It would be bad enough. To starve yourself of half your human resources if the candidates were 50-50 ratio
But the mining engineer graduates are still 80% or so male, so anyone with a pulse and a female check has a seat in BHP..
Lower productivity, more mistakes, less innovation and i am sure these ladies will stick to these golden seats and not mix outside such companies.
Your money, your choice

BHP set a gender target. The (male) backlash took 3 years

The miner has more than tripled its female workforce over a nine-year campaign for balance. It overcame a huge shortage of women and an “alpha dog culture”.
www.afr.com

I was able to read the whole article behind the paywall for whatever glitch,----
 
TimeISmoney said:
Anyone else hear about the alleged rumour that a broker entered the wrong price on a big order and it went through?


View attachment 194814
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no
but given the timing it was done pre-market so MIGHT have been a cross-trade ( and performance rights exercised )

also it MIGHT have been a contract for differences play that went badly ( one might wonder if the trade was discreetly unwound later )
 
Dona Ferentes said:
the company will need to spend a lot on on Chile copper assets, to overcome declining grades.

Olympic Dam getting money too ... hopefully Cu will lift without too much U.
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finicky said:
Sort of interesting copper outlook for those who think they'll live long enough to see it, lol.

How BHP is transforming SA copper​

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from a few weeks ago: BMO Global Metals, Mining & Critical Minerals Conference.

...it's a very pared-down company, reflected in the brevity of the presentation

... the other play, just getting started, is Argentinian copper

Vicuña: emerging copper district with world class potential
24 February 2025

Transaction close was an important step towards the development of both the Filo del Sol and Josemaria projects

Transaction closed on 15 January 2025
• A long-term strategic alliance between BHP and Lundin Mining
• 50/50 JV structure enables strong governance and operating practices
• Josemaria and Filo project teams are transitioning to Vicuña

Next steps
• Mineral resource estimate expected in H1 CY25
• Timing and scope of technical studies to be provided in H1 CY25 RIGI bill provides significant opportunity
• Incentivises large foreign investment into Argentina
‒ Reduced income taxes, exempt from withholding income tax
‒ Ability to repatriate cash
‒ 30-year stability period
• Two years from July 2024 to qualify the project under RIGI Phased development pathway
• Integrated project plan being advanced, incorporating both Filo del Sol and Josemaria projects through a phased development strategy
 


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