Bhp Share Discussion Threads

[podgyted] 09/1/2021 22:42

I did Grupo - wasn't accidental - he was a bit obnoxious on another thread. But I understand what's gone on now - and I'll be more careful.

Thanks for that!

Back into RIO board. Just as well I maxed out on RIO and FXPO and started adding here - otherwise I'd still be bemused.

Hope all are well there/ and here - good weekend all !

[grupo guitarlumber] 09/1/2021 19:03

podgyted
9 Jan '21 - 12:00 - 846 of 846

RIO THREAD STILL MISSING YOU

WHAT HAPPENED

DID YOU FILTER CHRISTH BY ACCIDENT

[grupo guitarlumber] 09/1/2021 10:46

20 January 2021

08:30 AM Melbourne time (approximate)

BHP Operational Review for the half year ended 31 December 2020

[waldron] 08/1/2021 20:09

Rio Tinto
6,310 +0.00%



Bhp
2,221.5 +0.91%



Anglo American
2,823 +0.14%



Glencore
276.45 -0.75%

[grupo guitarlumber] 01/1/2021 13:49

20 January 2021

08:30 AM Melbourne time (approximate)

BHP Operational Review for the half year ended 31 December 2020

[waldron] 31/12/2020 14:08

Rio Tinto
5,470 -1.30%



Bhp
1,925 -1.77%


Anglo American
2,424.5 -0.74%



Glencore
233 -1.52%

[grupo] 30/12/2020 15:05

GREAT FIND letsmakesome

TAKE CARE

[grupo] 30/12/2020 15:00

letsmakesome
30 Dec '20 - 14:55 - 835 of 836
0 0 0
Just came across this article with is very interesting:





'30pc more dividend': BHP’s spread with London widens

Peter KerResources reporter
Mar 16, 2020 – 12.00pm

A record premium for BHP's Australian shares compared with the value of the company's London stock is seen by some local investors as proof that Australian investors are more optimistic amid the coronavirus turmoil than their counterparts abroad.

BHP's Australian shares have consistently traded at a premium to its London stock over the past four years, and analysts have traditionally been split over whether the biggest cause is currency gyrations, Australian tax laws around franking or the fact that BHP plays a bigger role in local indices than European ones.

While those factors are constant, none of them explain the surge in the premium paid for BHP's Australian shares last week amid extraordinary market conditions and high trading volumes.

BHP's Australian shares were trading at a premium – calculated by changing both share prices into a common currency such as US dollars – of 16 per cent on December 31.

But that had blown out to 26.6 per cent by the close of trading in London on March 13; a far cry from October 2015 when BHP's London shares traded at a small premium to the Australian stock.

Friday's premium would have been the highest since BHP's dual listed structure was established almost 20 years ago, were it not for the previous day, March 12, when BHP's Australian shares were worth a staggering 41 per cent more than the London stock when trading closed in London.


"(It) points to international investors being significantly more bearish on the global economy and global cyclicals than Australian domestic investors," said Jarrod Bakker from MST Financial.

BHP's London listed shares had lost 40.68 per cent of their value between December 31 and Friday's close. BHP's Australian stock lost 31.35 per cent of their value over the same period.
Equal rights

The blowout in the BHP "spread" was seized on by several hedge funds last week, who urged their clients to exchange their Australian-listed BHP shares for the miner's London stock.

BHP's London and Australian stock have equal rights over the company's assets, with the only difference for investors being local tax laws.

''If you have the luxury of being able to invest globally, very rarely in the past 20 years have you had a better opportunity to set up the spread, or switch your Aussie position into the London line, especially income investors, because you get 30 per cent more dividend for the same dollar investment,'' said one firm in a note to clients.

Rio Tinto also has a dual-listed structure with both Australian and London listed stock, and the premium paid for Rio's Australian shares has expanded from the historically high level of 18 per cent on December 31 to near record levels at 24 per cent on Friday.

The expanded premium for BHP and Rio's Australian stock has come despite the Australian dollar weakening against the British currency this year.

A weakening Australian dollar traditionally weakens the premium paid for BHP and Rio's Australian shares.


"Over the past two decades, the BHP and Rio Tinto spreads have closely followed the sterling to Australian dollar exchange rate. However since September 2019, there has been a notable divergence from the exchange rate," said Shaw and Partners analyst Peter O'Connor.

"BHP should be thinking opportunistically whether this is a good time for a buyback of the London listed stock".
[e-mail]

[grupo] 30/12/2020 14:59

letsmakesome
30 Dec '20 - 14:52 - 834 of 835
0 0 0
Thanks! Looks like the SA listing mirrors the price of the U.K. listing.

It’s the ASX one which is quite different.

Have not taken the trouble to compare, did you look at usa and south africa

perhaps also much to do with supply and demand and varied sentiment together with confidence in each and every country

[letsmakesome] 30/12/2020 14:55

Just came across this article with is very interesting:https://www.afr.com/companies/mining/soaring-bhp-spread-blamed-on-australian-optimism-20200313-p549q1

[letsmakesome] 30/12/2020 14:52

Thanks! Looks like the SA listing mirrors the price of the U.K. listing. It's the ASX one which is quite different.

[grupo] 30/12/2020 14:46

The company's shares trade on the following exchanges:[88]

BHP Billiton Limited and BHP Billiton Plc were renamed BHP Group Limited and BHP Group Plc, respectively, on 19 November 2018.[89]

BHP Billiton Limited
Australia (ASX: BHP)
US (NYSE: BHP)



BHP Billiton plc
UK (LSE: BLT)
US (NYSE: BBL)
South Africa (JSE: BIL)

Must admit i would not hasten to give you an explanation although part of the difference might be there being two different companies and a multitude of currences

RDSA and rdsb share are affected in similar ways, tax tratments on dividendends might well be a factor









letsmakesome
30 Dec '20 - 14:17 - 832 of 832
0 0 0
Does anyone know why there is a significant divergence of almost 25% compared to the Australian listing?

AUD 43 (GBP 24.25) vs GBP 19.70 (U.K. listing)

[letsmakesome] 30/12/2020 14:17

Does anyone know why there is a significant divergence of almost 25% compared to the Australian listing?AUD 43 (GBP 24.25) vs GBP 19.70 (U.K. listing)

[grupo] 30/12/2020 10:03

Oil Prices Continue Climb On Large Crude Draw
By Julianne Geiger - Dec 29, 2020, 3:43 PM CST

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 4.785 million barrels for the week ending December 25.

Analysts had predicted an inventory draw of 2.100 million barrels for the week.

In the previous week, the API reported a build in oil inventories of 2.70-million barrels, after analysts had predicted a draw of 3.135 million barrels.

Both Brent and WTI were up on Tuesday morning before the data release on hopes of a larger round of stimulus checks signed off on by President Donald Trump and the House on Monday. Gains continue to be capped, however, by OPEC's plans to gradually increase oil production after the start of the year despite lockdowns and depressed demand.

Moments before Tuesday's data release, WTI had risen by $0.41 (+0.86%) to $48.03, up $.80 per barrel on the week. The Brent crude benchmark had risen on the day $0.44 at that time (+0.87%) to $51.30—up roughly $1 per barrel on the week.

U.S. oil production held steady at 11.0 million bpd for the week ending December 18, according to the Energy Information Administration—;2.1 million bpd lower than the all-time high of 13.1 million bpd reached in March.

The API reported a draw in gasoline inventories of 718,000 barrels of gasoline for the week ending December 25—compared to the previous week's 224,000-barrel draw. Analysts had expected a 1.778-million-barrel build for the week.

Distillate inventories were down by 1.877 million barrels for the week, compared to last week's 1.03-million-barrel increase, while Cushing inventories rose this week by 131,000 barrels.­

At 4:36 p.m. EDT, the WTI benchmark was trading at $47.99, while Brent crude was trading at $51.07.

By Julianne Geiger for Oilprice.com

[sarkasm] 27/12/2020 11:19

THE TELEGRAPH



‘Profits will grow seven-fold' – why oil stocks are set for a bumper 2021

Earnings could rocket at companies sensitive to the economy while utilities and technology firms may struggle

By Sam Benstead 27 December 2020 • 5:00am

The oil sector is primed for a blowout 2021, with profits set to rise seven times compared with 2020....

[waldron] 27/12/2020 09:46

GULFNEWS




Although the pandemic will continue to weigh on oil demand in 2021, some estimates show that monthly supply deficits could reach their highest in years.

Rystad Energy expects vaccination campaigns to help bring a rapid recovery going forward. Monthly supply deficits will start from May, reaching a high of around 3.4 million barrels per day in August.

“As deficits continue uninterrupted through the year, August’s high could be repeated, if not exceeded by year-end,” the energy consultancy said.

“Our monitors in the US are starting to point out at stronger activity … In addition, there are winds of change forecasted in the geopolitical realm next year,” said Bjornar Tonhaugen, Head of Oil Markets at Rystad Energy.
Oil prices rally

Meanwhile, crude prices continued to rise as markets shrugged off US President Donald Trump’s threats to derail the stimulus programme.

Brent crude rose 2.7 per cent to $51.15 a barrel, while US crude (WTI) jumped 2.75 per cent to $48.05 a barrel.

“With liquidity falling into the holiday period, I expect oil to trade in some quite broad, and potentially volatile ranges in the days ahead,” said Jeffrey Halley Senior Market Analyst, Asia Pacific, OANDA.

“Oil’s ability to move through resistance depends entirely on developments in Washington DC, which are looking very messy at the moment,” said Halley. “That still leaves the door open equally, for a sharp fall or rally from here, despite the underlying bullish case for higher prices in 2021.”
Balanced market

Going into 2021, the market will largely be balanced in January, with supply and demand hovering between 77.7 and 77.8 million barrels per day (bpd), according to Rystad Energy.

The effect of global lockdowns will be felt even more in February and March as demand will not follow the growing supply, creating a surplus of 0.5 million bpd in February and 1.4 million bpd in March.

A minor surplus will also be recorded in April but the market will recovery shortly after, the consultancy said.

[grupo] 24/12/2020 06:51

BHP And Vale Restart Samarco Operations In Brazil After 2015 Dam Burst

Thu, 24th Dec 2020 06:26
Alliance News

(Alliance News) - BHP Group PLC on Thursday said Samarco Mineracao SA has met the licensing requirements to restart operations at its Germano mine complex in Minas Gerais and its Ubu complex in Espirito Santo, Brazil.

BHP Billiton Brasil Ltda and Vale SA each hold a 50% interest in Samarco.

Samarco's operations were suspended following the catastrophic failure of the Fundao tailings dam in November 2015.

On Thursday, Melbourne, Australia-based BHP said Samarco's gradual restart of operations incorporates concentrator 3 at the Germano complex and pelletising plant 4 at Ubu, as well as a new system of tailings disposal combining a confined pit and tailings filtering system for dry stacking.

Samarco expects initially to produce approximately 8 million tonnes of iron ore pellets per annum.

Independent tests have been carried out on Samarcos preparations for a safe restart of operations, BHP said.

Meanwhile, the work undertaken by the Renova Foundation to remediate and compensate for the damages of the failure of the Fundao dam in 2015 continues, and BHP Billiton Brasil continues to support Renova in its work.

The dam collapse in the city of Mariana had resulted in 19 deaths and forced hundreds from their homes. Considered the worst environmental disaster in Brazilian history, it left 250,000 people without drinking water and killed thousands of fish. An estimated 60 million cubic meters of waste flooded rivers and eventually flowed into the Atlantic Ocean.

BHP shares closed up 1.2% on Thursday in Sydney at AUD42.95 a share.

By Evelina Grecenko; [e-mail]

[anhar] 22/12/2020 11:12

I buy shares only for their yield as part of a diversified port. and the immediate return on BHP which I've held for a long time might be a little better than 5.5%. I get that they said "at least".

My source predicts 166¢ for their year to 30 June 21, which at the current rate of $1.34/£ makes it worth about 124p. On a share price of 1,966p that makes a forecast yield of 6.3%, pretty good.

I take no notice of broker target prices as mentioned above. Pretty worthless in my view, divis much more reliable though can still go wrong.

[loganair] 21/12/2020 19:10

Jefferies - ‘BHP is one of our top picks in global mining, with a conservative
target price of £22 and an expected FY21 dividend of at least $1.30/sh (5.5% yield), implying a total expected return of approximately 20% over the next year.

‘We expect strength in copper and iron ore prices to continue, which should drive strong cash flow and capital returns in 2021 and beyond. This view is supported by our proprietary supply-side analysis, which points to tightening markets.’