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BHP - BHP Group

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Pacer, BHP finished the day very strong...whats the reason you think it will open weak tomorrow?
 
Just for interest sake,
the past three years BHP has performed very strongly in the reporting week and week following. I don't imagine the fundamentals will have changed too much.
 
Well I recon metals will fall again tonite....correction time?...my money is in oil and banks for the next few weeks......safer bets my friends....bhp has oil but uses it too....nickel is rising but the Ravensthorpe job is a big looser....removed the boss there, and project is way over budget by 1billion...on a 1.5 bill project and is also behind in the start up by a year....to many cost cuttig exircises cost you $$ in the end.....Murrin Murrin was a classic....under engineered project....took 3 years to break even and even then it sucked.....I was working there on construction by the way, to many tossers, trying to look good saving a buck, ruin projects like this....I was asked to go back to fix the place but, said "no way...too dangerous."....fact!

Bhp is full of these type of cost cutting idiots on new projects.....pay the $$ for the extra engineering materials and save yourself some $$ on the time it takes to get a profit....and everyone is happy....including the trades persons...who laugh at some of the crap they are asked to do..... but engineers never ask a "tradesperson" whats wrong and a tradie won't tell them because the tossers never asked the question in the first place......hire me to do a project and you would see a big difference....tradies would be above engineers....except for ones like me with dip eng.....we'd be management tradies....the system is wrong.....an we tradies know it....too many idiot's running the show....and unsafely too..

Unsafe....every time a safety officer(office boy) came up to me on the job...I'd say....look over there....they are being dangerous....and he'd p---of- and go away....lol.....a lack of properly trained personel....not tradies, is the detriment of all, projects.....and unskilled workers from overseas....safety officers on construction should have a minium of a riggers and scaffolders ticket, and either an apprenticeship or 5 years of work in the relavant industry.

there's where alot of project costs can be minimised.....still my opinion.

BHP ....$23 again soon....they are too big to care....as long as they get thier bonuses!

just my opinion from 20 years in the mining/construction industry....
 
Ok, your on. 100 Chinese Yuan says BHP open and trade higher for the day.

Cheers,
 

It closed on $26.41. How did you come up with that??
 
CanOz said:
Ok, your on. 100 Chinese Yuan says BHP open and trade higher for the day.

Cheers,
Click to expand...

Should you guys/gals need an honest sp bookie, I'm happy to oblige on these bets, a trailing 10% charge available on these important events/transactions. I only deal in cash as flummoxed by bookkeeping and wish not to diminish your profits.

Garpal
 
Pacer,

I hope you haven't run out of bourbon because as you say,

"doesnt' hurt as much when you have a bourbon in hand".

100 Yuan plus 100 AUD so far any more posters want some easy money from Pacer !

 
Good to see another good finish for BHP.

Just mail me $16 AUD Pacer. I'll pick up a couple slabs and think of you while i'm sipping.

Cheers,
 
In the UK news......


Market Report: BHP boosted by rumours of taking out a rival

By Andrew Dewson

Published: 06 February 2007



Despite a huge surge in the value of mining assets over the past few years, there is yet to be a deal that propels any of the major industry players into the global league of mega-cap companies. One rumour doing the rounds among Australian brokers could mean BHP Billiton becomes the first to move into the top league, taking out one of its major rivals in the process.

The word is that BHP is talking to the French oil group Total with a view to selling its oil interests in the Gulf of Mexico and using the proceeds to bid for Rio Tinto or Anglo American. BHP's Mexican interests are owned jointly with the oil giant BP, with BHP owning 56 per cent to BP's 44 per cent. The development, called Atlantis, is proving more expensive than BHP anticipated, and it is thought that although the company has told investors that Atlantis is a core asset, the right offer could tempt the company.

The word is that BHP's stake is severely undervalued by the market and could be worth up to $40bn (£20bn). Even if it is not sold traders said the Atlantis project could lead to a major rerating of BHP shares. BHP closed 7p firmer at 983p, with Rio Tinto 11p better at 2,702p and Anglo American unchanged at 2,393p.
 
Lost some made some.....picked up a tidy 2k profit today on others....sorry Canna....OZ $ only accepted......it would have cost me 100 yuan to change it to ozzie dollars....so pretty pointless transaction it would have been for me....

Win some loose some....never was much of a gambler....unlike dlineinvestor....should change his name to dlinegambler....lol
 

You owe me 100 Yuan...not the other way around.

Cheers,
 
Kauri said:
ld be worth up to $40bn (£20bn). Even if it is not sold traders said the Atlantis project could lead to a major rerating of BHP shares. BHP closed 7p firmer at 983p, with Rio Tinto 11p better at 2,702p and Anglo American unchanged at 2,393p.
Click to expand...
Atlantis is worth $40B for a part-owned asset?

Looks like someone had fat finger
 
Big day tomorrow for all BHP holders guys , profit results due.

What i'm hoping for tomorrow is,
Wake up to find all base metals have had a strong session on the LME
A nice jump in oil to around the $60 ish mark.
A profit result above expectations.
Costs under control.
And a big dividend increase.

Hmmmmm bet you'd never guess BHP makes up 20% of my portfolio

Cheers to all holders.
 

lol, you don't want much.

but I want the same things, lol
 


Dear Marc1,

I've bought bhp on weakness in a contrary manner and seen it recover each time. I have similar hopes. Unfortunately its much less than 20% of my portfolio, as I see good things for this stock, though as I said I only buy bhp in gloom

Garpal
 
Garpal my broker had the same contrary thoughts in early 2003 @ $9.00
bless her heart,thats why its @ the 20% level.

cheers
 
marc1 said:
Garpal my broker had the same contrary thoughts in early 2003 @ $9.00
bless her heart,thats why its @ the 20% level.

cheers
Click to expand...

Good on you Msrc1. I got in at about $8, $11, $13 and $16, but obviously not at the precentages of my portfolios that you did with yours. some of these were old BHP prices before billiton came on board. However this is over a 20 yr trading history so the traders may have outdone me, though I'm not complaining. If BHP ever get back into the high teens I'll be in like flynn. My next buy will be at $19 or even $16, heaps of support there, if the Chinese state starts to break up under its tremendous social pressures.

Garpal
 
BHP Billiton H1 earnings up $US12.9b
February 7, 2007 - 9:19AM
http://www.theage.com.au/news/Busin...nings-up-US129b/2007/02/07/1170524130097.html


BHP Billiton has posted an 42 per cent jump in first half earnings and increased its capital management program by $US10 million ($A12.91 million).

Net profit for the six months ended December rose to $US6.168 billion ($A7.96 billion), from $US4.364 billion ($A5.63 billion) in the same period in the prior year.

The company also announced that chief executive Chip Goodyear will retire by the end of 2007.

The world's biggest miner said its outlook for the global economy remains encouraging, with continued gross domestic product growth in China, a strong performance in Europe and improving confidence in the US.

"A healthy corporate sector, accommodative monetary policies and ample liquidity continue to provide support," the company said.

"Falling oil prices have also brought some relief to inflation levels and have assisted in improving sentiment in oil-importing countries.

"Tight labour market conditions and falling unemployment rates continue in a number of regions."

BHP Billiton said in the short-term it expects global growth to moderate but that the economic outlook remains healthy.

"While we expect growth for the US economy to be below the rate in 2006, a soft landing in the housing sector, strong capital investment and an easing of energy prices should result in a growth rate consistent with long term trends," BHP Billiton said.

"Strong economic activity in Western Europe and an improvement in Japan's economic outlook should lessen the impact of any slowdown in the US."

BHP Billiton said that in 2006 real annual average prices for copper, zinc, iron ore, coking coal, thermal coal, crude oil, natural gas and uranium reached their highest levels since the 1970s.

"Market indicators do not point to large-scale surpluses emerging in 2007, although demand growth can be expected to vary regionally in line with varying economic activity," the miner said.

"China is set to continue as the main driver of demand, but more mature markets may also lend support, especially Europe and Japan.

"Despite the expansion of China's domestic production base, imports of commodities will continue to play a crucial role in supporting the country's industrialisation."

BHP Billiton said while it expects a constructive environment, the path of the US economy is uncertain.

"Although the US economy will continue to have an important impact on the global economy, it is increasingly clear that improved economic conditions in other OECD countries and the increased relevance of emerging economies is decreasing the global impact of US economic activity," the company said.

"As a result the global impact of a slow down in the US is expected to be lower than generally assumed and we do not anticipate a return of prices to longer run averages over the medium-term."

In six months, BHP Billiton recorded a 21.7 per cent rise in revenue to $US18.503 billion ($A23.89 billion) and hiked its interim dividend to 20 US cents from 17.5 US cents in the same half in 2005/06.

The company said that while costs remain a challenge, the rate of increase has continued to slow.

"The rate of increase in costs across out business has slowed," the miner said.

"Although this is a positive sign, the current environment continues to be challenging and the pressure on access to labour and other inputs to our business has not lessened."

Inflationary pressures on input costs across BHP Billiton's businesses shaved $US200 million ($A258.18 million) off underlying earnings.

The company chief executive Chip Goodyear plans to step down by the end of calendar 2007.

"After nine years with the company, and what will be five years as CEO, I have decided it is an appropriate time for the organisation to transition to the next generation of leadership," he said.

Chairman Don Argus said the company will use the time before then to implement its succession plan.

"One of Chip's significant contributions is that he has developed a number of strong internal candidates who will be considered for the role," Mr Argus said.

BHP Billiton also plans to return more cash to shareholders by increasing its capital management program by $US10 billion ($A12.91 billion) to $US13 billion ($A16.78 billion).

The amount will be returned to shareholders over the next 18 months through a series of buy backs.

"Our confidence in the company's outlook and strong cash generative capability has underpinned our decision to continue to announce sizeable returns to our shareholders," said Mr Argus.

The company had announced a capital management program of $US3 billion ($A3.87 billion) in August.

"Our financial strength means we are well positioned to fund our $US17.5 billion ($A22.59 billion) pipeline of projects and capture other value enhancing opportunities as they arise," Mr Argus said.

Meanwhile, first half underlying earnings before interest and tax (EBIT) in base metals rose 53.5 per cent to $US2.905 billion ($A3.75 billion), while earnings in iron ore increased 13.1 per cent to $US1.406 billion ($A1.82 billion).

The petroleum division managed to up earnings by 12.3 per cent to $US1.612 billion ($A2.08 billion) while aluminium more than doubled its underlying earnings to $US840 million.

Stainless steel materials also posted a massive 284 per cent jump to $US1.436 billion ($A1.85 billion).



ASX ANN
BHP 8:29 AM Half Year Results Presentation
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00691120

ASX ANN
BHP 8:29 AM Half Yearly Report & Half Year Accounts
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00691119
 
BHP SP up $1.38 to $28.06

The market liked the half yearly ANN today

BHP $28.06 +$1.38 +5.17 9,616,357 $267,431,524 07-Feb 10:01:35
 
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