Share Name Share Symbol Market Type Share ISIN Share Description
Bhp Group Plc LSE:BHP London Ordinary Share GB00BH0P3Z91 ORD $0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -68.40 -4.39% 1,489.80 1,490.80 1,491.80 1,525.80 1,470.00 1,522.00 9,025,723 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 34,886.2 11,854.3 126.3 12.0 31,466

Bhp Share Discussion Threads

Showing 376 to 395 of 675 messages
Chat Pages: 27  26  25  24  23  22  21  20  19  18  17  16  Older
DateSubjectAuthorDiscuss
22/8/2019
16:42
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 92.73USD 0.72(0.78%) Gold COMEX 1,508.30 -0.49% Silver COMEX 17.06 -0.56% Platinum NYMEX 862.60 +0.52% Copper COMEX 2.56 -1.16% Brent Crude Oil NYMEX 59.83 -0.78% Gasoline NYMEX 1.55 -0.92% Natural Gas NYMEX 2.17 -0.32% (WTI) 55.24 USD -1.29% Rio Tinto 3,946 -1.10% Bhp 1,698.6 -0.89% Anglo American 1,680.6 -2.46% Glencore 228.95 -1.51%
waldron
21/8/2019
16:09
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 92.01 USD -2.0(-2.18%) Gold COMEX 1,515.80 +0.01% Silver COMEX 17.15 +0.01% Platinum NYMEX 858.00 +0.61% Copper COMEX 2.58 +0.19% Brent Crude Oil NYMEX 60.67 +1.07% Gasoline NYMEX 1.56 +0.84% Natural Gas NYMEX 2.18 -1.89% (WTI) 56.05 USD -0.23% Rio Tinto 3,990 -0.49% Bhp 1,713.8 -1.21% Anglo American 1,723 +0.38% Glencore 232.45 +1.15%
waldron
21/8/2019
05:55
HP returns have peaked, says Jefferies: Downward pressure on commodity prices mean BHP (BHP) returns to investors have likely peaked, says Jefferies. Analyst Christopher LaFemina reiterated his ‘hold’ recommendation and target price of £18 on the stock after full-year 2019 results that were ‘slightly weaker than expected’, alongside a record full-year ordinary dividend. ‘Management highlights emerging downside risks to commodity prices in the near term due to trade uncertainty but remains bullish over the medium/long-term,217; he said. ‘We reiterate our “hold” rating on BHP as we believe the company’s capital returns and free cashflow have likely peaked for this cycle.’
loganair
20/8/2019
15:43
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 94.02 USD -0.34(-0.36%) Gold COMEX 1,513.00 +0.09% Silver COMEX 17.09 +0.86% Platinum NYMEX 847.80 -1.05% Copper COMEX 2.58 -1.00% Brent Crude Oil NYMEX 59.40 -0.57% Gasoline NYMEX 1.53 -0.07% Natural Gas NYMEX 2.22 +0.36% (WTI) 55.74 USD -0.38% Rio Tinto 4,012.5 -1.29% Bhp 1,734 -2.66% Anglo American 1,717.6 -1.26% Glencore 229.45 -1.50%
waldron
20/8/2019
08:57
I always like to see debt being reduced: Net debt of US$9.2 billion, down by US$1.7 billion, reflects continued strong free cash flow. The application of IFRS 16 Leases, inclusion of derivatives and new leases increases net debt by US$3.8 billion in the 2020 financial year. As a result, we have revised our net debt target range from US$10 to US$15 billion to US$12 to US$17 billion. We expect net debt to remain at the lower end of this range in the near term. There is no change to underlying cash flows.
loganair
20/8/2019
07:18
Https://uk.finance.yahoo.com/video/bhp-profit-downturn-says-ceo-063546466.html
adrian j boris
20/8/2019
06:44
SYDNEY -- BHP Group Ltd. said it would pay a record dividend to shareholders, making it the latest global miner to lift returns even as data point to a global slowdown in economic growth. BHP benefited from a sharp rise in iron-ore prices as China increased infrastructure spending and as supply was held back by production cuts in Brazil following a second deadly spill of mining waste in the past four years. On Tuesday, BHP said it would pay a dividend of US$1.33 a share for the full year, above its own policy of returning 50% of earnings to shareholders. The miner reported a US$8.31 billion net profit for the 12 months through June -- its highest in five years -- reflecting the higher iron-ore price and one-off charges much lower than a year earlier. Underlying profit rose by 2% to US$9.12 billion, the company said. Mining profits have recovered sharply in recent years, as companies sold assets and focused on producing commodities with better profit margins. Rio Tinto PLC, the world's second-biggest mining company by market value, said this month it would pay a special dividend and raise its midyear payout. The windfalls came even as its first-half net profit fell because of a write-down of the value of a major copper investment in Mongolia. Last month, Anglo American PLC said it would buy back US$1 billion in stock and raised its interim dividend by 27% as it reported a jump in half-year earnings. Chief Executive Andrew Mackenzie said that BHP has begun the new fiscal year with positive momentum but that the outlook was clouded by the U.S.-China trade dispute. Mining companies are also having to deal with rising demands by governments as several mineral-rich countries seek more profits from mining projects. "We are not without some consideration to what might be around the corner," Mr. Mackenzie said. BHP expects global growth this year to be near the low end of a 3.25%-3.75% range. The International Monetary Fund lowered its projection last month for global growth to reflect the ongoing fallout from trade tensions. It predicted real global economic growth will slow to 3.2% this year, 0.1 percentage point slower than forecast in April, and down from 3.6% last year. Any further escalation in the trade war, or loss in business confidence, could damp growth and hurt commodity demand and prices in the year ahead, BHP said. Much depends on China's response. Beijing has moved to shore up its economy with stimulus, which has buoyed demand for commodities in the mining sector's most-important market. "We continue to enjoy strong sales to China," Mr. Mackenzie said. Record steel production at Chinese mills contributed to iron-ore prices surging to a five-and-a-half-year high in July. BHP, along with many peers, has faced supply restraints: The Samarco mine that it operates in Brazil with Vale SA remains offline after a tailings dam burst in 2015. A cyclone and a train derailment in Australia meant its iron-ore production was flat last year. BHP said its annual profit was held back by US$818 million in one-time charges, mostly tied to the Brazilian dam failure. Still, one-time charges were sharply lower than the US$5.23 billion absorbed in the 2018 fiscal year that dragged its net profit down to US$3.71 billion for that period. Net debt fell to US$9.2 billion at the end of June, below the company's stated US$10 billion-US$15 billion target range. BHP said it is now seeking to keep net debt between US$12 billion and US$17 billion, following a change to accounting rules. It expects net debt to remain at the lower end of this range in the near term. Mr. Mackenzie dismissed questions about his tenure at BHP, where he has been chief executive since 2013. The miner is embarking on a new phase after selling unwanted assets, including its U.S. shale operations. "I have all the energy and enthusiasm to continue to lead that," he said. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires August 19, 2019 21:59 ET (01:59 GMT)
adrian j boris
19/8/2019
16:03
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 94.36USD 0.75(0.79%) Gold COMEX 1,511.20 -0.81% Silver COMEX 16.95 -1.00% Platinum NYMEX 858.90 +0.87% Copper COMEX 2.60 +0.25% Brent Crude Oil NYMEX 59.36 +1.23% Gasoline NYMEX 1.53 +0.45% Natural Gas NYMEX 2.17 -1.50% (WTI) 55.66 USD +0.87% Rio Tinto 4,065 +1.50% Bhp 1,781.4 +1.49% Anglo American 1,739.6 +2.43% Glencore 232.95 +3.81%
waldron
19/8/2019
16:03
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 94.36USD 0.75(0.79%) Gold COMEX 1,511.20 -0.81% Silver COMEX 16.95 -1.00% Platinum NYMEX 858.90 +0.87% Copper COMEX 2.60 +0.25% Brent Crude Oil NYMEX 59.36 +1.23% Gasoline NYMEX 1.53 +0.45% Natural Gas NYMEX 2.17 -1.50% (WTI) 55.66 USD +0.87% Rio Tinto 4,065 +1.50% Bhp 1,781.4 +1.49% Anglo American 1,739.6 +2.43% Glencore 232.95 +3.81%
waldron
18/8/2019
06:09
the motelz fool Why This Miner Is Excited About Copper Copper prices are down, but Teck is still looking forward to completing a big investment in the space. Reuben Gregg Brewer Reuben Gregg Brewer (TMFReubenGBrewer) Aug 17, 2019 at 6:03PM Teck Resources (NYSE:TECK) is a diversified Canadian miner that recently wrapped up a big oil investment. With that project now complete, the miner has started to mend its balance sheet and it is looking to its next big investment, this time in the copper space. Copper prices are weak right now, but Teck's management is still excited about this multibillion-dollar project. Here's what you need to know. Thinking long term Teck's investment in the Fort Hills oil sands project was green-lighted in late 2013. Roughly eight months later, oil prices had fallen into a deep bear market, taking the price of the commodity from over $100 per barrel to the $30 range. It was a devastating blow to the oil industry, with some of the weaker names in the space seeking out bankruptcy protections. A mine tunnel with lights on in the distance Image source: Getty Images. But Teck, which is partnered with Suncor Energy (NYSE:SU) and France's Total (NYSE:TOT) on the Fort Hills project, didn't waver in its commitment. That remained true even after Total reduced its stake, selling a portion of its investment to Suncor in late 2015. Teck held firm, owning 20%. As the project was starting to near completion, Total was again looking to trim its exposure, only this time, both Suncor and Teck were willing buyers. Teck now owns roughly 21% of the project. This commitment is notable because it wasn't just oil that had fallen into a bear market; the entire commodity market was weak while Fort Hills was being built. That led to a lot of red ink at Teck as its steelmaking coal, copper, and zinc mines were facing price headwinds. There were also material concerns about the miner's leverage. It would have been easier, perhaps, for Teck to cut and run, selling out to Suncor like Total had and using the cash to pay down debt. But Teck didn't do that, and now the project is up and running...and contributing to the top and bottom lines. Oil prices, meanwhile, are well off the lows seen during the deep downturn that started in mid-2014. To be fair, oil prices remain volatile, but that's partly the point, since investing in long-lived assets requires a long-term commitment given that commodity prices wax and wane over time. All in, the Fort Hills investment has worked out pretty well, adding a fourth major commodity to Teck's mix and contributing positively to EBITDA (earnings before interest, taxes, depreciation, and amortization) in the first and second quarters of 2019 despite volatile oil prices. What's next? This brings Teck to its next big investment, a 60% stake in the QB2 copper mine development project in northern Chile. To be fair, that stake was around 90% at one point, but it sold a portion of its position to Sumitomo Metal Mining Co. in late 2018 to raise cash for the project. That move helped to reduce the amount of capital Teck would need to contribute to QB2 and still left it with a huge ownership position. This was a balance sheet-friendly move investors should appreciate. The problem with QB2 right now, though, is that copper prices have been falling because of concerns about global economic growth. Copper is an industrial metal, with demand and prices largely following along with economic cycles. So investing in a big new copper mine today could easily be seen as a concerning choice. However, as the Fort Hills project shows, Teck thinks long term. For starters, the miner explains that QB2 is a high-quality mine with a long reserve life. It is also expected to have relatively low operating costs. So it is the type of mine that Teck would like to own, assuming it lives up to expectations once it is completed. In fact, Teck expects to see unlevered returns of 14% to 18% on this investment (levered returns could be as high as 40%). And it also has expansion opportunities, with the prospects for a QB3 mine already being explored. But what about those pesky copper prices? There's even some good news on that front. Yes, copper prices are weak today, but Teck's long-term outlook calls for demand increasing by at least 1.5% a year through 2024. There are currently enough projects in the works around the world to meet that level of demand growth. However, if demand exceeds that, there could be notable supply shortfalls. The company's high-end estimate for demand suggests a 3.1 million metric ton gap between supply and demand. Now add in the fact that currently weak copper prices could lead to an investment pullback within the space (though Teck shows no signs of slowing down), and shortfalls look even more likely. In other words, Teck's project may seem questionable if you look at the current copper market, but if you take a longer-term view of things, it looks like a good bet. Shifting gears again Teck's Fort Hills commitment allowed it to successfully expand into a fourth major commodity despite the concerns about oil as it was being built. The QB2 project that's currently in the works will increase the company's exposure to copper and, thus, reduce its reliance on steel making coal to create a more diversified company overall. Although copper prices are weak today, QB2 looks like a good project, and the long-term benefits to Teck are worthwhile. Add in the supply/demand outlook, and investors willing to think long term, along with Teck's management team, should like the outlook for this big copper dig.
adrian j boris
16/8/2019
15:50
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 93.61 USD -0.15(-0.16%) Gold COMEX 1,520.00 -0.73% Silver COMEX 17.09 -0.72% Platinum NYMEX 845.70 +0.44% Copper COMEX 2.59 -0.19% Brent Crude Oil NYMEX 58.76 +0.91% Gasoline NYMEX 1.52 +0.90% Natural Gas NYMEX 2.18 -2.59% (WTI) 54.63 USD -0.18% Rio Tinto 4,006 -0.50% Bhp 1,754.4 -1.03% Anglo American 1,697.6 +0.08% Glencore 224.85 +1.22%
waldron
15/8/2019
15:41
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 93.76 USD -1.95(-2.08%) Gold COMEX 1,527.10 -0.05% Silver COMEX 17.19 -0.55% Platinum NYMEX 841.10 -0.81% Copper COMEX 2.59 +0.02% Brent Crude Oil NYMEX 58.28 -2.02% Gasoline NYMEX 1.51 -1.81% Natural Gas NYMEX 2.25 +4.64% (WTI) 54.54 USD -0.75% Rio Tinto 4,020.5 -1.01% Bhp 1,768.2 -0.82% Anglo American 1,696.2 -5.19% Glencore 222.1 -3.64%
waldron
15/8/2019
14:05
www.proactiveinvestors.co.uk/companies/news/900833/glencore-downgraded-by-jp-morgan-as-recession-fears-rise-900833.html
sarkasm
14/8/2019
16:19
Well we'll get more of an insight into future prospects on Tuesday when the results come out, but I rather doubt that BHP will be able to tell us any more than we can glean already from the chaotic global situation that we daily hear about. Personally, I don't want to be entirely out of the market; there's always the chance that China and the US might pull something out of the hat. China does seriously not want dissent added to the HK situation, and neither does Trump want to approach elections with a faltering economy. But maybe things have gone too far to avoid at least a near-term recession. I dunno, just a simple sailor me.
poikka
14/8/2019
15:56
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 95.71 USD 0.60(0.63%) Gold COMEX 1,526.70 +0.83% Silver COMEX 17.21 +1.32% Platinum NYMEX 850.50 -1.07% Copper COMEX 2.60 -1.27% Brent Crude Oil NYMEX 58.76 -4.14% Gasoline NYMEX 1.53 -3.93% Natural Gas NYMEX 2.15 -0.46% (WTI) 54.55 USD -3.96% Rio Tinto 4,061.5 -1.36% Bhp 1,782.8 -1.83% Anglo American 1,789 -4.02% Glencore 230.5 -2.39%
waldron
14/8/2019
12:02
BHP Group Ltd (ASX: BHP): Recent weakness in the iron ore price and trade war concerns have weighed heavily on this mining giant’s shares. So much so, they are currently trading almost 13% lower than their 52-week high. I think this could be a buying opportunity for investors that are looking for a little exposure to the resources sector. This is because I believe BHP is well-placed to deliver bumper free cash flows in FY 2020 thanks to its low cost operations and favourable commodity prices. Furthermore, I suspect that the majority of its free cash flow will find its way back to shareholders in the form of dividends, which makes its shares even more attractive given the low interest rate environment we are living in.
loganair
13/8/2019
15:56
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore95.11USD 0.10(0.11%) Gold COMEX 1,510.80 -0.42% Silver COMEX 16.95 -0.71% Platinum NYMEX 857.20 -0.75% Copper COMEX 2.62 +1.51% Brent Crude Oil NYMEX 60.97 +4.10% Gasoline NYMEX 1.59 +4.43% Natural Gas NYMEX 2.18 +2.83% (WTI) 57.08 USD+4.01% Rio Tinto 4,117.5 +1.91% Bhp 1,816 +1.03% Anglo American 1,864 +2.56% Glencore 236.15 +2.30%
waldron
12/8/2019
15:54
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 95.01USD 1.40(1.47%) Gold COMEX 1,517.50 +0.60% Silver COMEX 17.06 +0.76% Platinum NYMEX 861.90 -0.22% Copper COMEX 2.58 -0.31% Brent Crude Oil NYMEX 58.44 -0.15% Gasoline NYMEX 1.51 -0.42% Natural Gas NYMEX 2.13 -0.23% (WTI) 54.34 USD +0.20% Rio Tinto 4,040.5 -0.38% Bhp 1,797.4 -0.26% Anglo American 1,817.4 -1.36% Glencore 230.85 -0.13%
waldron
12/8/2019
05:38
FORBES Gold Is Hot But Nickel Is Hotter As Demand Grows For Batteries In Electric Vehicles Tim Treadgold Tim Treadgold Contributor Asia Gold is hot but there's another metal which is hotter, nickel. Up 30% over the past two months nickel has delivered more than double the performance of gold which is up 13% over the same time, and the gap could get a lot wider as the supply of nickel stagnates and demand accelerates. The driving force behind the recent awakening of gold is well-understood and can be summed up as a flight to safety as the China v U.S. trade war slows global growth and values of conventional, or fiat currencies, are debased by governments resorting to quantitative easing or other forms of creating money. Bags filled with nickel briquette and nickel powder sit in a warehouse at the BHP Group Ltd. Kwinana Nickel Refinery in Kwinana, Western Australia, Australia, on Friday, Aug. 2, 2019. The world's biggest miners, including BHP Group and Glencore Plc, are finally firm believers in the electric vehicle battery revolution -- what they don't agree on is which metals will deliver the best long-term exposure to the developing global market. Photographer: Philip Gostelow/Bloomberg Bags filled with nickel briquette and nickel powder sit in a warehouse at the BHP Group Ltd. Kwinana Nickel Refinery in Kwinana, Western Australia, Australia, on Friday, Aug. 2, 2019. The world's biggest miners, including BHP Group and Glencore Plc, are finally firm believers in the electric vehicle battery revolution -- what they don't agree on is which metals will deliver the best long-term exposure to the developing global market. Photographer: Philip Gostelow/Bloomberg © 2019 Bloomberg Finance LP Nickel's drivers are different and far easier to understand and boil down to a simple case of supply exceeding demand which, in past nickel booms, was essentially a case of mines failing to keep up with the requirements of steel mills making stainless steel, a material which has traditional consumed close to 80% of the world's nickel. Demand Growing For Nickel In Batteries Stainless steel remains the primary market for nickel but there's a faster-growing market which until a few years ago was insignificant; lithium-ion batteries. YOU MAY ALSO LIKE UNICEF USA BrandVoice Ebola Crisis In DRC Declared A Public Health Emergency Civic Nation BrandVoice Michelle Obama’s Message To Students At Our Beating The Odds Summit: You Belong Here SoftServe BrandVoice AI In Healthcare: Fact Or Fiction? A standard source of power in small appliances such as cell-phones with their nickel-cadmium (NiCd) batteries, or nickel-metal hydride (NiMh) rechargeable batteries the big game today is in the battery packs which power electric cars such as the Tesla, Prius and Leaf. From being a metal easily described as a one-trick pony thanks to its dominant end-use in stainless steel, nickel has suddenly become a two-trick pony, and if electric cars take off as predicted then a shortage in future years is possible. What caused nickel to run from around $5.40 a pound two months ago to $7.09/lb at the end of last week (and a high on Friday of $7.22/lb) was a combination of strong demand from Chinese stainless steel mills and speculation that a major source of the metal could be cut off sooner than expected. The source under threat is unprocessed nickel ore from Indonesia which is shipped to China for use in steel mills as a material called Nickel Pig Iron (NPI). Indonesia, and other countries which produce NPI dislike the material because it does not require any value-adding in the home market. Previous bans on NPI have crimped the industry only for it to return. But the next ban is expected to be permanent and while Indonesia has said it will not be applied until the year 2022 it could happen sooner, just as battery makers seek supplies of nickel to meet electric-car demand. A crystalliser, used in the process of manufacturing nickel sulphate hexahydrate, stands at the BHP Group Ltd. Kwinana Nickel Refinery in Kwinana, Western Australia, Australia. Photographer: Philip Gostelow/Bloomberg A crystalliser, used in the process of manufacturing nickel sulphate hexahydrate, stands at the BHP Group Ltd. Kwinana Nickel Refinery in Kwinana, Western Australia, Australia. Photographer: Philip Gostelow/Bloomberg © 2019 Bloomberg Finance LP ANZ, an Australian bank, warned two weeks ago that falling stockpiles of nickel metal were a warning of a squeeze developing. Stockpiles in warehouses managed by the London Metal Exchange (LME) have been falling for the past four years, with an accelerating decline over the past two, a time when reserve inventories dropped by 43% from around 250,000 tons to 142,000t. "Nickel inventories have declined steadily since early 2018, as the persistent market deficit takes a toll," ANZ said. "Some analysts suggest stockpiling by electric vehicle manufacturers is behind the depletion. Whether this is the case or not, we see the tight market meaning further inventory drawdowns are likely. Talk Of Panic Buying "Current LME stockpiles would meet less than two months of supply --- so panic buying is a likely outcome." It is highly unusual for a bank like ANZ to use an expression as emotive as panic buying but it was used largely because of concern that speculators had become active in the nickel market ahead of Indonesia's reintroduction of a ban on NPI. Pure-play Australian nickel mining companies are enjoying sharp share price rises as the nickel price moves up. Western Areas has risen by 25% over the past month and Mincor, which has just re-signed a supply agreement with BHP, a major producer of the nickel sulphate which battery makers prefer, is up 28%. If there is a squeeze developing on nickel supplies as a major new market develops for the metal the price could go much higher than its current $7.09/lb. Back in 2011 when a supply shortage developed the nickel price hit $22/lb, before falling rapidly as steel mills found substitutes for nickel in their stainless steel, including manganese. No-one is talking about a nickel boom as powerful as that in 2011 but nickel has a long track record of extreme moves, up and down. Tim Treadgold Tim Treadgold I studied geology in the 1960s and worked for a small mining company before getting a start in journalism during the 1969 nickel boom.
waldron
09/8/2019
16:00
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 93.61 USD -3.76(-4.02%) Gold COMEX 1,514.50 +0.33% Silver COMEX 16.99 +0.32% Platinum NYMEX 867.50 +0.00% Copper COMEX 2.59 -0.61% Brent Crude Oil NYMEX 58.65 +2.21% Gasoline NYMEX 1.52 +2.07% Natural Gas NYMEX 2.15 +0.05% (WTI) 54.41 USD +2.99% Rio Tinto 4,056 -2.45% Bhp 1,802 -1.80% Anglo American 1,842.4 -1.18% Glencore 231.15 -1.97%
waldron
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