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Its. 5.53. Woodside shares. for. every. 100. BHP . Therefore. 18.1%
martin, I calculated 11%, based on closing AUS prices, for a 1,000 share holding.
1000 47.18 47180
180.7011203 28.77 5198.771232
5.534 0.110190149
BHP 47.18 and Woodside 28.77. Above is a text extract from my Excel calculation. It will vary from day to day, but a stretch to get to 18%. I had c10% in my mind from a fag packet calculation I did several months ago, so given the rate today (5.534) 11% feels right.
That said, I always accept the possibility of making an error.
Isn’t it more like 18.7%? I also note that any fractional entitlements will be lost. I guess CGT (when applicable) will be based on the values of both shares on June 1st. It will be interesting to see how this shakes down. Slightly different scenarios will play out with GSK later this year.
It simply means that following the merger of BHP oil assets with Woodside, if you hold say, £1,000 in BHP today, next Wed you will own c£100 (10%) in Woodside shares (in specie dividend) with the balance £900 still invested in BHP.
Although Woodside doesn't currently have a London listing, they will on 1st June. You will then be able to sell the Woodside shares allocated or if you wish buy more.
Determination of in specie dividend - merger
Is it good for us? Any opinion about this issue?
https://financialpost.com/commodities/mining/rio-tintos-record-profit-masks-challenges-to-growth-outlook
looks like this will apply to behemoth BHP too
now we are drawing closer to the demerger. things look a little better.
just noticed one of biggest trades go through after hours
05-5-22. 09:54:00. 2,720p. 1,000,000. Unknown* 27m O
Doesn’t mean anything though… is this possibly a buyback purchase by BHP?
so, after USA & UK raised rates, and we also hear the USA could possibly consider being more brutal with raising rates im taking a hold until we see direction of Nasdaq & S&P.
Nasdaq down 4.3% today after a rise yesterday.
Might be waiting until 26th to buy more ex-div date.
im also tempted to buy SN too, looks a steal!!
gla
well I'm not selling BHP anytime soon. I've look at Rio & prefered this stock so I guess that I'm with you driftking27.
looks like investors like Powells comments on rate rise today in USA.
i’m a buyer of more BHP ( anoth3r 100 i’d say ) tomorrow. Who’s joining me.
iv compared the drop of RIO to BHP, they’ve dropped the same since there highs (15-16% approx ).
thanks
watch today 1500-1600 for a sense of direction with movements.
This will move either to further downside after Powells speech or rise on positive news.
I am thinking the hefty dividend has to put a floor under it fairly soon. Its over 10%, and its fairly secure - should provide some support here.
that’s what charts are pointing to i’m afraid. time will tell
shareholder on the BHP
register2 at the close of business on 26 May 2022 (Record Date). specie div. have you driftking27 taken this into consideration on your forcast or £23 is that just wishful thinking?
it’s weird how markets & oil futures get manipulated and Feds don’t do anything about it.
oil down 1% but someone oilies up 1%( BP, OXY, XOM SHEL )
time will tell over next week after US start the rate rise ;-)
Where do you guys think this will bottom out at before a rise?
I’m pinning on somewhere around 2300p before reconsidering..
A lot can happen, we have just had AUD raise interest rates for first time since 2010, now we have US feds & UK to follow.
it’s a watch n see for me as is RIO both look too heavy with no direction seen in charts
Ahhh, yes that makes sense, thanks Andy.
Normal divi dates unchanged. BHP is going ex div on 25th in respect the shares you will recieve on 31sr in Woodside as a result of BHP disposing of their petroleum interests to them.
Bit of a weird question but anyone any idea why my Barclays Investment ISA for BHP is saying Ex Div date of 25/05/22? It surely hasn't changed to quarterly dividends?
getting tempting to buy more, waiting for a further pullback in May when US FEDS raise interest rates.
GLA
Down unless BoD start managing the nuts and bolts of the business rather than indulging in M and A. Today's RNS was all about decline in their operations but of course backed up by usual corporate waffle excuses.
hey all,
so i just thought i see what opinions on where we see the SP going over 12months.
on a historical trend commodities will rally when inflation is high along with rising interest rates, but BHP has outperformed the commodities so far over last 6weeks more so due to political unrest in EU, and shortage of commodities due to supply chain problems.
On tradingview a site i use for a technical insight into various shares i hold, it has resistance levels well above 3000p, as high as 3400-3700p.
On a different note, brokers have a sector perform on Bhp and have a 2500p-2700p PT for 2022, and have for past month.
Have a great weekend everyone