The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Divi is $1.75 US
And no stamp duty to pay :):)
Net debt $0.3 billion
Not exactly stretched is it ?
Boom!!! Great results and all from the worlds biggest divi payer too. Best place to have your money ;-)
Only looked briefly but they look like really strong figures BUT,
Dividend reduced to $1.75 U.S....
16th Aug 830am Melbourne time BHP publish results 1130pm GMT
https://m.marketscreener.com/quote/stock/BHP-GROUP-LIMITED-6492795/calendar/
Thanks driftking that would be nice Just need a good exchange rate Bumble don’t think I can stay awake that late I just have to wait until the morning
Not long to wait to get the answers now.
The results are 8.30am Melbourne time so they should be up and digested before midnight tonight!
eps tomorrow is expected to be a Beat tomorrow and a payout of $3.15
https://www.proactiveinvestors.com.au/companies/news/989976/will-bhp-group-cut-its-dividend-like-rival-rio-989976.html
Anyone have an ideal or prediction on the dividend Fringes crossed for $2.00 - $2.50
he was right not to overpay which has happened in past during commodity boom, both RIO & BHP guilty of this.
We have to remember that this 11% is not going to be every year and expect volatility disrupt these continual high payouts.
gla
From a Reuters report:
"Most analysts agree a bid for OZ would have to be sweeter.
"It's going to have to be much sweeter," Peter O'Connor, mining and metals analyst at Shaw and Partners, said.
"We think the price per share will have to be in the range of lower to mid thirties if BHP wants to get this done."
O'Connor, however, said that BHP was likely to maintain discipline and not overpay. The miner has in the past upset investors with a costly push into U.S. shale that led to billions of dollars in writedowns."
Upset?
F&*B Livid!
In 2019 I had an opportunity to ask the BHP chairman a question. I asked if the board had any party animals, because the mining sector is reaching a point in the cycle when the party animals come out to play and love to throw around shareholders cash.
I then reeled off a list of failed or expensive BHP M&A blunders over the last ten years. The chairman didn't seem familiar with some of them and looked down to a BHP employee sitting in front on me who nodded in agreement with the details I presented.
The chairman's reply was along the lines of better financial discipline and a new capital investment structure. I wasn't listening. My purpose was to get a message into the minds of management that many of their predecessors had convinced themselves, this time it will be different. It rarely is!
It isn't the Oz or Norant scale M&A deals that concern me. BHP has shown that they can walk away from the smaller 'bolt ons', if the price isn't right. But if they do overpay it isn't going to significantly impact the company. It's the bigger deals that a CEO or Chairman latches onto and like rabbits caught in the headlights 'it's their moment to shine'. When they get run over, they exit stage left with $millions in their back pocket, while the next incumbent gets the juicy well paid job of clearing up the damage.
The shareholders are left on life support.
At stages in the mining cycle share buy backs are a better option for shareholders than expensive M&A. I prefer to see BHP develop the many organic opportunities they already have, including a fast track of Jansen.
Great to see BHP using the cash for acquisitions rather that then share buy backs.
I see OZL had a high of $29 and change back in Jan when the commodity prices are high. IMO an offer of nearer $30 would probably seal it.
Never heard of them but a quick look suggests that it would be a good acquisition at the indicated price. Just hope that they walk away if OZ shareholders aren't interested at the offer price.
There will be a shortage of copper over the next few years and to acquire a company already producing from a safe geographical area merits a premium price. BHP board knows its worth and I trust their judgement.
To my definition, "a compelling value proposition for OZL shareholders" is a compelling cost for us, so I agree, schwee
Rather strikingly the RNS fails to mention the cost to us shareholders is the best part of nearly AUD 10bn.
Interesting new demand for Iron Ore:
"The construction of THE LINE is underway":
(size of 2 skyscrapers as tall as the Empire State Building and 170km long!)
https://twitter.com/NEOM/status/1554738704769482752
bottom not seen until 14th-18th August. We wait and hope it’s in line with expectations.
Agree draftking. BHP has delivered some exceptional dividends over the past year. For now I would be happy with 6% and an annual growth of around 12% which it has delivered over the past 5 years.
I loaded up a month back which in hindsight wasn’t a great move as it is 15% down from there. But long term it sits with BATS and SHEL as a hopeful small income provided in 12 years.
After RIO’s results today it’s not about inflation, it’s about Growth.
Just keep remembering this: any dividend over 6% must be treated with caution. I have sayd this for years, but no one seems to listen until it comes back to haunt and a haircut happens. Rio’s 2nd divi has had just that of nearly 50% to payout
#China’s #IronOre surges more than 7%, other steelmaking commodities also rally:
https://twitter.com/YuanTalks/status/1551444882840948736
it’s not Australian shares on the ASX you bought. It’s shares listed on London Stock Exchange just like Santander is etc.
if you buy an ADR or Australian listed you pay the tax to country. i have loads of ADR’s and a few American stocks i pay 15% foreign dividend tax on them.
No, I asked the same question of Hargreaves Lansdown.