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BHP - BHP Group

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Hi

I am lucky enough to have bought a few last month. What are your thoughts on selling and buy back in after ex div date or retain and collect the div?

Theoreticaly of course :)
 
Freeballinginawetsuit said:
The bulk of postings and notable absentee's during cyclical periods on ASF is comical :) .
BHP is no different!.
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Hi Freeball,
Do you mean the notable experts?

Glad to go long Monday. Might go short on close tonight unless it goes ballistic (can't see it happening, it's already happened) then I'll just close.

hector
(notable novice)
 
BHP from an (my interpretation) E/W perspective... I don't hold
 

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Freeballinginawetsuit said:
The bulk of postings and notable absentee's during cyclical periods on ASF is comical :) .
BHP is no different!.
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Ominous too, could be a good contrarian indicator?? :)
 
I can hear the scream of short-squeeze..... But tomorrow SP might be down a bit for ex-45 days frank credit things.
 
Bahahahahaha! This dividend surely is management having another laugh isn't it? Whilst they piss on your leg. OOOOOOEEEEEERRRRRR profit up 40 something percent! And dividend up 14%. Why I never!

Just buy BBW. What a joke. Why the hell would you want to own this stock? Absolutely no incentive to own it.
 
chops_a_must said:
Bahahahahaha! This dividend surely is management having another laugh isn't it? Whilst they piss on your leg. OOOOOOEEEEEERRRRRR profit up 40 something percent! And divident up 14%. Why I never!

Just buy BBW. What a joke. Why the hell would you want to own this stock? Absolutely no incentive to own it.
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I must admit that BHP is not something i would own if i had time to actively trade. However, if you want to get exposure to low risk growth from a diverse range of mining and resource operations, BHP is hard to go past. They are buying back allot of shares, which to me is as good as dividends as i'll reap shorter term benefits from this when the supply of stock starts to affect the price.

I'm in until 32.00 or the div., which ever comes first.

Cheers,
 
Could anyone give me an example of how the off market buy back works. My understanding is that there is a big incentive in buying some BHP today (too late) or tomorrow to get the incentive of the franking credit and capital loss from Off market buy back. My issue is I don’t quite understand how it works and would appreciate some explanation on the benefits of doing that.

Cheers
 
Fab said:
Could anyone give me an example of how the off market buy back works. My understanding is that there is a big incentive in buying some BHP today (too late) or tomorrow to get the incentive of the franking credit and capital loss from Off market buy back. My issue is I don’t quite understand how it works and would appreciate some explanation on the benefits of doing that.

Cheers
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If you are a holder of BHP, Very simple, for superfund, do as much as you can, or if you are poor have little income and want to get back the small tax you paid (I don't think the later will apply to you.), and buy back BHP stock on the market.

For any other situation, do not bother to think about it.
 
July-December net profit rose to $6.17 billion from $4.36 billion a year earlier due to strong markets for most mineral commodities -- just below forecasts for about $6.3 billion.

Higher prices for nickel, copper, aluminum, iron ore, petroleum products, zinc, alumina, energy coal, silver lead, manganese alloy and diamonds contributed about $4.2 billion to earnings before interest and tax (EBIT), BHP said.

Reporting a 41 percent jump in first-half profit, just below market expectations, BHP said it would look both in-house and externally to replace Goodyear by the end of the year, while over the next 18 months it will buy back 9 percent of its stock.

Descended from a U.S. lumber baron and schooled at Yale and Wharton School of Finance, the ever-youthful Goodyear galloped into a then debt-riddled BHP in 1999 as chief financial officer.

He was one-half of an American duo headed by Duke Energy Corp.'s Paul Anderson imported to quickly stop the bleeding and rebuild "The Big Australian" after a series of investment blunders.
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Lots of leverage contained in those earnings.
What happens to them in a falling market?

jog on
d998
 
Sorry guys another question re BHP buy back.

Approaching this exercise with approx figures only.

Have i got my head around this correctly ?

BHP approx market cap 93 billion AUD

Todays buy back ann 13 billion AUD,(10 billion usd)

If i have this correct approx 14% of stock will be removed from the market ?

14 % of 93 billion = 13.2 billion,surely not possible ???

If commodity prices hold up, this could happen again next year
which in turn must support sp.

Hope it all makes sense
cheers marc
 
ducati916 said:
Lots of leverage contained in those earnings.
What happens to them in a falling market?

jog on
d998
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still trying to self justify not buying them at $8?

The market has factored in much lower forward prices than the current spot prices, but you've missed the upswing in production in iron ore, coking coal, copper etc. The market hasn't

And of course the sky is about to fall in tomorrow based on BHPs choice of inventory accounting which somehow reduces cashflow.
 
chops_a_must said:
Bahahahahaha! This dividend surely is management having another laugh isn't it? Whilst they piss on your leg. OOOOOOEEEEEERRRRRR profit up 40 something percent! And dividend up 14%. Why I never!

Just buy BBW. What a joke. Why the hell would you want to own this stock? Absolutely no incentive to own it.
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a little thing called growth perhaps?
 
haemitite said:
a little thing called growth perhaps?
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Commodities are at a peak. Extra supply will come in when prices are dropping. There are many better places for growth than in this overrated stock.
 
chops_a_must said:
Commodities are at a peak. Extra supply will come in when prices are dropping. There are many better places for growth than in this overrated stock.
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peope called the peak last year as well.

While copper has come off, Nickel has since doubled and iron ore is up another 10%.

As for the extra supply - where from exactly? It takes 5-10 years to get a new mine studied, get approvals and then be up and running.

And there has been massive supplier consolidation since the last boom, "sensible" competion is here to stay.
 
with such a big warchest the question is which companies are on its buying list. big name director retiring and hoping to leave an expanding company. will be interesting to see when the rumours start.
 
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