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In reading evikings message again slowly. That matches what I thought. Unless you own shares bought on the ASX you won't be paying WHT.
Or at least that's my understanding of it
Does this not depend on the listing for the BHP shares?
If you're a UK resident but have bought the London listed shares is there still a WHT? That seems like a bit of a rip.
For BHP shareholders that are not Australian tax residents, Australian withholding tax will not apply to the dividend. You should always obtain appropriate professional advice relevant to your circumstances. BHP dividend statements and Woodside holding statements are expected to be despatched in mid-June 2022
Does a UK holder of BHP pay Aussie withholding tax on dividends?
Found an article about expectations for 2024 on VALE.
Vale does offer more upside of the 3 iron ore miners, and can produce iron ore at lower cost to 3 I believe
https://seekingalpha.com/article/4662624-vale-outperformance-in-2024-possible
I sold RIO today with 78% gain funnily the year I was born too
For all, posted the same on the RIO board but is important here too.
Just for everyone here to understand, it is pointless to worry about divis getting cut or not, because any divis not paid out get put into retained profits which ultimately increases the SP.
Divi cut or not, is left pocket right pocket really.
All you need to worry about it earnings and profits. Not divis, unless you need the income.
Good opportunity to add more. There is really never a wrong time to add to my rio and bhp holdings.
Interim Divi has been cut by 25% to 72c. It was 90c in 2023
The RSI has sat at 40-45 this week. Maybe due to pending results out soon next week.
I would wait to buy after results drop….
Just thought i share some research on expected dividend payouts at BHP again.
With higher material costs and lower demand there is there is going to be lower profits obviously.
So, as my broker was against me buying into BHP for this reason in 2021, he was right due to continual downward trajectory on divi and eps
I have found this to add for everyone
Divi info
2024 expected 158c compared to 171c 2023 152c for 2025, 142c for 2026.
That’s for BHP plc shares.
There is also an article on fools.co.uk siting future cuts to aid growth for BHP due to higher costs and divi cuts too to read.
As iv been here since 2008/09 I’m not bothered, as I’m just watching another New World create and send us another direction.
Gla
My other trades have been in October here and GOOG, CVX & DGE in Jan
Citi reiterates US$150 per tonne forecast for iron ore as China pledges more support for its economy:
https://twitter.com/proactive_au/status/1753247375966023833
The dam disaster and an associate fine are not new. Why would shorters swoon in 8 years after the event?
FAKE NEWS
(Alliance News) - BHP Group Ltd confirmed on Friday it had not received an order from a Brazilian court to pay billion of dollars in "moral damages" following the 2015 Fundao dam disaster.
The tailings dam was operated by Samarco Mineracao SA, a 50-50 joint venture of BHP and Brazilian iron ore miner Vale SA.
The Melbourne-based miner noted media reports that the Federal Court of Brazil had ordered BHP and its partners to pay USD9.7 billion in "collective moral damages" arising from the Fundao trailings dam failure.
This come after an interlocutory motion was filed by the Brazilian prosecutors seeking the early payment of collective moral damages, which is one of the categories of damages sought in the BRL155 billion, or around USD43 billion at the time, claim, BHP said.
In May 2016, Brazil's Federal Public Prosecution Office sued Samarco Mineracao, Vale and BHP, seeking BRL155 billion, or around USD43 billion at the time, for reparation, compensation and collective moral damages arising from the Fundao tailings dam disaster in November 2015.
BHP said on Friday the court in Brasil had not served it with the reported judgement, and will review the decision to assess its implications, the potential for an appeal and any potential impact on its provision related to the Samarco dam failure.
BHP has made dam-related provisions of USD3.7 billion to cover claims.
Since early 2021, the parties have been engaging in negotiations to seek a settlement of obligations, BHP said, noting that talks are expected to resume next month.
Nearly 10 billion for the 2015 dam disaster.......surely the shorts will be swooning in
Added on the dip.
My PF is overweight with UK shares in an election year. (Leaving politics aside)
AV, LGEN, LLOYDS, TW, PSN, VTY to name a few!
Oil shares SHEL & BP .... more global as well as miners.
gla
China will cut the reserve requirement ratio for banks in early February to unleash more money and help the economy:
https://twitter.com/markets/status/1750062638837518525
From BHP v RIO. It looks like RIO fares better with a yield, but as my broker once made me understand, we shouldn’t chase yield, and so BHP does look better being diversified with larger copper exposure.
https://www.marketscreener.com/quote/stock/BHP-GROUP-PLC-47281658/finances/
As expected …
Reported on yahoo finance
Forecasts for the next few years are pretty flat. But I think I’d put that down mainly to the great uncertainty in the markets.
When you just don’t know what’s likely to happen next year, the safest prediction is probably that it will be a lot like this year.
We’re looking at price-to-earnings (P/E) multiples of around 11 to 12, with a dividend yield of 5.8% this year. The yield could dip a bit, but I think there’s room there for it to still be decent.
China is considering selling $139 billion of special sovereign bonds in yet another bold stimulus effort, sources say:
https://twitter.com/economics/status/1747180812397691368
This is in addition to the ¥1Trillion #infrastructure stimulus announced at end of 2023.
Iron Ore Advances After Xi’s Pledge to Strengthen China Economy:
https://twitter.com/markets/status/1742167100917969372
Xi promised in a televised message to the nation Sunday to “consolidate and strengthen the momentum of economic recovery, and work to achieve steady and long-term economic development.”
Beijing is expected to target growth goal of around 5% in 2024
Looking forward to 2024.
Well, there are growth issues with EPS & dividend yet again, something I mentioned November 2022 that would happen going forward.
Have a look at estimated financials
https://www.marketscreener.com/quote/stock/BHP-GROUP-PLC-47281658/finances/
The same applies in RIO too, which I also hold
Base_jumper : if you are thinking of coming in, please do, but it would have been a better entry a couple of months ago!
Yes, in my view a definite buy and hold. Dividends have collapsed, but can return - see https://www.tipranks.com/stocks/bhp/dividends for history. Always a large part of my portfolio.
China can't control the price of iron ore, says the head of Brazilian mining giant Vale:
https://twitter.com/business/status/1731966481473085724
*VALE EXPECTS IRON ORE MARKET TO REMAIN TIGHT IN COMING YEARS
*VALE CEO SAYS CHINA CAN'T CONTROL THE PRICE OF IRON ORE
*THERE IS NO SUPPLY COMING
Is BHP a good portfolio investment