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All shares down today.
So ex-divi drop plus general market drop.
Now down 8.5%. Greater than dividend but guess it’s some short term traders taking the money fir something else.
Ex-dividend today that's all. Nothing of concern.
????
Iron ore futures rose by US27 cents or 0.3% to US$104.76 a tonne:
https://twitter.com/CommSec/status/1565078805806346241
Fortescue Metals boss Elizabeth Gaines says China will want Australian iron ore 'for a long time to come':
https://twitter.com/abcperth/status/1562879611561578500
Brazil’s steel consumption should double within the next 10 years thanks to “gigantic opportunities” and a need to build more infrastructure in Latin America’s biggest economy, ArcelorMittal's country executive says:
https://twitter.com/business/status/1562486666228510720
After the demerger, woodside shares fell a bit. I purchased some more at about £17 on the drop. . I have now sold all my shares at £21.
They were superfluous for my portfolio, as I am already a BP and SHELL shareholder.
Iron ore futures rose by US13 cents or 0.1% to US$104.72 a tonne
https://twitter.com/CommSec/status/1560377618653802502
The. dividend is fully franked. and therefore there. will be no. tax. deduction
Re : No stamp duty !
Does anyone know if divi is going to be taxed before we get it?
Yes no stamp duty like glencore
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.