Bhp Share Discussion Threads

[cheshire pete] 01/9/2021 21:32

Seen speculation regularly over the years about China slowing down but they keep bouncing back. This time could be for real, who knows but China likely to have their tails up following Biden's fiasco. Happy to hold BHP but then bought in Feb 16 at just over £7 so not bothered if they fall back to sub £20. Stonking divis along the way too.

[kipper999] 01/9/2021 12:37

Interesting. The £24/25 dream has all but evaporated now for me.
So, Plan B.
Take the 6.5% divi, then wait & see where the share price goes. In theory, it should fall at least £1.45
But, like you Gary, i will watch & if it drops to £20 (or sub) then i'll increase my holding.
It's a good company, but this 'sale' to Woodside & mineral price pressure is a worry.
Profit is mostly iron ore, with 23% from copper, 8% petroleum.....

Woodside share price was A$27 in January, today it's A$19; done nothing but fall since announcement. That's a 27% fall. As has BHP price

It really needs to be sub £20 to carry all this uncertainty, for me anyway

[garycook] 01/9/2021 12:23

Good points.With Copper,Nickel,and Iron Ore taking a beating today.See BHP going below 2100p atm,with the 145p dividend.Could drop back to around £20.So will top up there if so.

[podgyted] 01/9/2021 11:12

FWIW

Sold out yesterday to protect profits (mainly the dividend which I now won't receive).

My logic was many might be holding for the dividend but may well be tempted to sell when gone XD.

Why? Analysts suggesting Woodside is not a good deal + many UK holders may not want an Oz share. FTSE100 trackers will no longer hold BHP if the dual listing is removed. Iron ore very weak at the moment. Chinese economy slowing - any bad news the market will mark down BHP. Long time until the next accounts/dividend - production updates unlikely to give any positive surprises.

Didn't really want to sell - good company - but risk seemed to be to the downside.

GLAH

[kipper999] 01/9/2021 10:34

Same here Gary. Am in @ £20. Noticed the share price spiked up to £25 on results day, only to drop since.
Set myself a target of £24 to sell today. If below i will hold for the 6.5% divi.

Also, not too sure about the selling off of petroleum arm to Woodside.
Plus, China will be opening up the worlds second largest copper mine in Afghanistan i hear, which won't help us

[garycook] 01/9/2021 10:08

Correct.Is BHP going to fall 145p,or more.Interested in other BHP investors opinions.RIO fell 500p to £56 on a 404p dividend.But then fell a further £5 on Iron Ore falling. Looking to add more here.But do I buy now or wait for the dividend drop ?

[kipper999] 01/9/2021 09:05

Sorry, my mistake.....apologies
So today is last day to buy in to qualify for the dividend

[garycook] 01/9/2021 09:03

XD is tomorrow 02/09.BHP Should open tomorrow around 2100p,or below.

[kipper999] 01/9/2021 08:46

The $2 dividend works out at about £1.45 a share.
At £22.59, as i type, that's a whopping 6.5% payment.
Am surprised the share price has not risen as people buy in to get that.
Ex dividend is today.

[arja] 23/8/2021 09:49

another disappointing performance by BHP in OZ after a bright start . on chart support but could go either way and more likely to the downside as commodity prices no longer uptrending - hope i am wrong!!

[podgyted] 22/8/2021 21:38

Mmmmm.....

BHP obviously didn't think it through too well on the primary listing - it slumped 7% in Oz when they heard. I'd presumed they'd 'sounded out' their major shareholders - perhaps not.

Look what happened with Unilever.

Let's not forget it needs shareholder approval - will they get it?

Interesting times.

[a0469514] 21/8/2021 17:57

Thanks for the dividend date info guys.Not very impressed with Dividend Max though if their speciality is dividends and yet they can't even get the amount being paid right. Xylos

[loganair] 20/8/2021 07:43

"Woodside is one of the worst-performing companies within the energy sector globally post-COVID; the company doesn't yet have a strong mandate to enter a deal of such questionable value and this could further drag on Woodside's shares," said Jamie Hannah, deputy head of investments at Van Eck Australia, a shareholder in both companies.

It raised concerns about the strategic sense of expanding in oil and taking on ageing gas assets with big decommissioning costs.

Analysts and two BHP investors said Woodside got the BHP assets relatively cheaply.

"I'd much rather have just hung on to them and harvested the capital because demonstrably the returns from the growth parts of those projects are much higher than Jansen," said a Sydney-based fund manager, referring to the $5.7 billion Jansen potash project BHP approved on Tuesday.

Tribeca Investment Partners CEO Ben Cleary, a BHP shareholder, said what BHP lost with the discount on its petroleum assets would be offset by a higher valuation multiple for no longer holding oil and gas.

"Long term the deal makes sense. I think BHP looks more attractive for a wider audience," said Matt Haupt, portfolio manager at Wilson Asset Management, a BHP shareholder.

Analysts were upbeat about the long term for Woodside, saying the deal would give it more growth options, beyond its $12 billion Scarborough gas project and Pluto LNG expansion, funded by strong cash generation at BHP's debt-free assets.

"It's a logical deal between the parties," said Argo Investments portfolio manager Andy Forster. "I do think ultimately shareholders will vote for it."

Credit Suisse analyst Saul Kavonic said Woodside shareholders may be painted into a corner, noting that, as part of the deal, Woodside gave BHP an option to hand over its stake in the Scarborough project for $1 billion if Woodside makes a final investment decision on the project by 15 Dec.

Woodside would then be the sole owner of Scarborough and have to fund the project by itself, which it cannot afford.

"Shareholders may have little choice but to vote the merger through because otherwise it would pose a serious balance sheet overhang," Kavonic said.

[waldron] 20/8/2021 07:33

European markets set to open flat after sliding in previous session


Published Fri, Aug 20 20212:14 AM EDT
Silvia Amaro
@Silvia_Amaro


Key Points

The FTSE 100 is seen higher by 4 points, the DAX in Germany is set to slip by 33 points and the CAC 40 in France is seen up by 8 points, according to data from IG.

It comes as futures on the S&P 500 point to a flat open in the U.S. also.

[kipper999] 19/8/2021 19:33

Am banking on a run up to XD for a hopefull cap gain in my wife's ISA
Have set a Limit Order tomorrow @ £21 for £5k with my broker
At the £21 level the dividend on 2 Sept of $2 will equal 6.9%
I believe a lot of buyers will pile in for this. So, would look to sell into this rally on 1 Sept
As the 1st September will be my 59th birthday she will either be treating me to something nice or handing me a wooden spoon.....lol

[waldron] 19/8/2021 18:07

Muchos gracias kipper

you are correct

[kipper999] 19/8/2021 17:50

waldron,
I see that DividendMax has the divi as 91c
I think it's $2

[waldron] 19/8/2021 17:48

Gateside
19 Aug '21 - 17:47 - 1092 of 1092
0 0 0
Dividend Data is also a good website

[gateside] 19/8/2021 17:47

Dividend Data is also a good websitehTTps://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=Bhp