Bhp Share Discussion Threads

[waldron] 21/6/2021 11:01

UBS has downgraded its recommendation on Rio Tinto from 'neutral' to 'sell' with a target price maintained at 5,100p, implying a potential 12% downside for the Anglo-Australian mining company's stock.

In the summary of its research note, the broker highlights 'risks to iron ore growth with a more hawkish stance by the US Federal Reserve and measures by China to deflate commodities...'.

[adrian j boris] 21/6/2021 09:14

ALL MINERS AFFECTED

Enjoy your day and week

[kipper999] 21/6/2021 09:03

Dropped to 1,980 at about 8:30 this morning Adrian.
Have topped up with this twice now since £24 high on 10 May.
Seems to be in almost freefall. Imagime i might go again at, maybe, the 1,950 mark.

You think the drop is mainly due to copper prices?

[adrian j boris] 21/6/2021 08:38

Bhp
1,998 -0.79%

[kipper999] 18/6/2021 19:00

Well, i had to top up my BHP holding today. Got in at 2,021.
Just can't find any good reason why this share has dropped a whacking 16% over 6 weeks.
Rio dropped too, but not that much....
Must be touching 5.7% divi at these levels
Good weekend all.....

[adrian j boris] 18/6/2021 08:05

Credit Suisse's research confirms its advice and maintains its neutral view on the stock. The price target remains unchanged at GBX 2300.

[kipper999] 17/6/2021 11:46

Just a few stats......
Since start of year share price has had 3 low points;
29/Jan @ £20
25/Mar @£20.21
& 25/May @ £20.68
The two high's between these low's have been £23.56 & £24.00 respectively.

Is this a 'range' with a bottom c20.30/20.40?

Have penciled in to top up @ circ. that figure, if no bad news announced.
Yield is @ 5.4% now at £21

[waldron] 17/6/2021 11:07

aye kipper

20 July 2021

08:30 AM Melbourne time (approximate)

BHP Operational Review for the year ended 30 June 2021


17 August 2021

05:00 PM Melbourne time (approximate)

BHP Results for the year ended 30 June 2021

[waldron] 17/6/2021 11:01

Rio Tinto
5,907 -1.88%


Bhp
2,081.5 -2.23%


Anglo American
2,885.5 -2.63%


Glencore
310.65 -2.02%

[kipper999] 17/6/2021 10:24

I have in my diary
BHP Operational Review for the year ended 30 June 2021 on 20thJuly

BHP Results for the year ended 30 June 2021 on 17thAugust

[waldron] 17/6/2021 10:15

IF IT CAN HOLD ABOVE THE APPARENT STRONG SUPPORT OF 2069p then one might expect a trend up if news in coming days is positive

[waldron] 17/6/2021 10:12

kipper, sentiment regarding coal may not be helping

[kipper999] 17/6/2021 10:08

Thanks waldren, much appreciated.

Agree with the strengths

Very low prospects for revenue growth;
Most, if not all, western economies are predicting massive growth post pandemic.
Bigger than anything seen since WW2 in fact

Am in @ 1,999 & 2,130 respectively. May top up if sub £20 again.

[waldron] 17/6/2021 10:01

Upcoming events on BHP GROUP PLC

06/16/21 | 11:00pm Investor Meeting - First Call

06/17/21 | 01:30am Investor Meeting - Second Call

06/22/21 Business Update Call

[waldron] 17/6/2021 09:59

Summary

The company has solid fundamentals for a short-term investment strategy.

Strengths

The group's activity appears highly profitable thanks to its outperforming net margins.

The company is in a robust financial situation considering its net cash and margin position.

The company's attractive earnings multiples are brought to light by a P/E ratio at 15.61 for the current year.

This company will be of major interest to investors in search of a high dividend stock.

Over the last twelve months, the sales forecast has been frequently revised upwards.

Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

For the past twelve months, EPS forecast has been revised upwards.

Weaknesses

According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

The group usually releases earnings worse than estimated.

[waldron] 17/6/2021 09:51

Goldman Sachs is positive on the stock with a Buy rating. The target price is still set at GBX 2520.

[kipper999] 17/6/2021 09:43

Not many people posting on here recently, but could be a few watching.

Can anyone shed any light on why the share price has taken a 12% drop from £24 on 10th May to £20.92 as i type today?

Thanks in advance

[sarkasm] 13/6/2021 12:23

Upcoming events

20 July 2021

08:30 AM Melbourne time (approximate)

BHP Operational Review for the year ended 30 June 2021
17 August 2021

05:00 PM Melbourne time (approximate)

BHP Results for the year ended 30 June 2021
19 October 2021

08:30 AM Melbourne time (approximate)

BHP Operational Review for the quarter ended 30 September 2021