Bhp Share Discussion Threads

[zorija] 14/4/2022 12:07

Anyone had a problem transferring stock to nominee after BHP moved. Apparently I need a SRN no and statement before they can be transferred.
I've sent an email to the investor centre enquiry service and I await their response.
Broker can do nothing without this SRN number...

Will the old U.K. SRN number be changed ?

[gateside] 10/4/2022 11:15

Thanks guys. That's useful info about calculating how many Woodside shares I will get.

[garycook] 10/4/2022 07:40

anhar,Thanks for your reply.I think you are correct,reading again the statement from BHP.Let,s see what Woodside shares trade at early June.I have 1,131 BHP shares.So will receive 204 Woodside shares.

[anhar] 09/4/2022 07:48

Gary, the figures in the announcement give a share price for Woodside of US$25.55 at 6th April. The distribution ratio shown is 1 for every 5.534 BHP. Therefore at this valuation, as the announcement states, for 1 BHP it's worth 25.55/5.534 = US$4.62 provisionally. That's their own figure. As you say I have then given a rough UK value of around £3.50 per BHP share. I don't see any other way to work out the provisional £ value, using the details supplied in the statement.

They do all the figures in USD, not AUD, and I have assumed they are accurate as they stood at the stated date. But even if I use your ASX price of AUD32.40, with an exchange rate of £1=AUD1.70 this is about £19.06. Apply the given ratio of 5.534 and this makes £3.44 per BHP share which is a similar figure to my original.

[anhar] 08/4/2022 10:40

So on those provisional figures, which are subject to change, and the current £/$ rate, the value of the Woodside shares is arround £3.50 per BHP share. This will be treated as a dividend for tax, regardless of the Woodside shares being kept or sold.

This is equivalent to a huge yield, just on that figure and ignoring all the normal BHP divis, of roughly 11.7% at 2,995p. But, expect the BHP price to fall on ex day of 25 May.

[garycook] 08/4/2022 05:42

1
NEWS RELEASE
Release Time IMMEDIATE
Date 8 April 2022
Release Number 11/22
Update on BHP Petroleum and Woodside merger and share distribution information
BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale
agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside by an all-stock
merger (Merger) on 22 November 2021. On completion of the Merger, the combined company
is expected to have a high margin oil portfolio, long life LNG assets and the financial resilience
to help supply the energy needed for global growth and development over the energy
transition.
Woodside has today published an explanatory memorandum and notice of meeting for the
Woodside shareholder vote scheduled for 19 May 2022. Woodside has also released the
Independent Expert’s Report prepared for Woodside shareholders, which has concluded that
the Merger is in the best interests of Woodside shareholders, in the absence of a superior
proposal.
This announcement contains information relevant for BHP shareholders in respect of the
Merger and the proposed in specie dividend of Woodside ordinary shares (Woodside Shares)
to BHP shareholders.
Highlights
· Completion of the Merger is on track and is targeted for 1 June 2022, subject to
satisfaction of conditions precedent including approval by Woodside shareholders.
· BHP is expected to receive 914.8 million newly issued Woodside Shares at
completion and determine a fully franked in specie dividend of the Woodside
Shares to BHP shareholders.
· BHP shareholders are expected to be entitled to one Woodside Share for every
5.5340 BHP shares they hold on the Record Date.
· Based on Woodside’s share price of US$25.55 at 6 April 2022, the implied value of
BHP Petroleum is US$23.4 billion. At this valuation, which is subject to change, the
in specie dividend would be US$4.62 with US$1.98 of franking credits being
distributed per BHP share (US$10.0 billion of franking credits in total).
· Woodside will retain its primary listing on the ASX and is seeking a standard listing
on the LSE and a sponsored Level III ADR program on the NYSE from completion
of the Merger.
· A share sale facility will be in place for eligible small BHP shareholders who elect
to participate, and for shareholders who are ineligible to receive Woodside Shares

[waldron] 06/4/2022 06:53

BHP Signs Wind-Power Deal for Australian Nickel Operations


BHP Group Ltd. said it has now locked in enough renewable-energy supply to power its three major nickel operations in Western Australia from 2024.

[maywillow] 01/4/2022 08:58

SEEMS TO BE ALREADY PRICED IN

[maywillow] 01/4/2022 08:55

3002.00 GBX +1.69%

[cheshire pete] 30/3/2022 21:27

Well done Zorija...a bit behind you, in at £7.14 in Feb 16.

Like the new CEO's approach, ref. below:

[zorija] 30/3/2022 20:28

Fairly pleased I bought these at £1.48p in April 1999...

[gateside] 30/3/2022 20:14

Interactive Investor no longer automatically reinvest dividends in BHP as it's not in the FTSE100 anymore

I'll monitor BHP for a drop in price and look to buy more BHP at some point as I feel that this has a long way to climb longterm.

[orchestralis] 30/3/2022 20:06

I'm 200% up and going to hold for the longterm and take the divi.

[the grumpy old men] 27/3/2022 19:07

You might well be right about BHP

not sure about the others though

podgyted
27 Mar '22 - 18:44 - 1386 of 1386
0 1 0
I'm beginning to think the valuation of BHP is beginning to look quite expensive compared to RIO, AAL and GLEN. (I hold all).

Anyone got any views on this?

[podgyted] 27/3/2022 18:44

I'm beginning to think the valuation of BHP is beginning to look quite expensive compared to RIO, AAL and GLEN. (I hold all).

Anyone got any views on this?

[lcwanderer] 25/3/2022 09:21

Thanks Gary - Completion date it is then - not date of merger.

[garycook] 25/3/2022 06:40

RE: (PUBLIC) Qualifying date for Woodside shares.Dear Gary



Thank you for your enquiry.



The entitlement date to receive the Woodside shares will be around the completion date of the proposed merger, which is expected to be in June 2022.



We, along with Woodside, are currently working through the full mechanics of the share distribution and more information will be provided upon the release of Woodside shareholder documentation, which is expected in April.



Kind regards

BHP Investor Relations





From: [e-mail]
Sent: Thursday, 24 March 2022 9:51 PM
To: BHP Investor Relations
Subject: Qualifying date for Woodside shares



Dear Sir/Madam,Can you inform me of the qualifying date for BHP shareholders to qualify for the distribution of Woodside shares.Thanks in advance Gary James Cook holding 1,583 BHP shares

[deanforester] 24/3/2022 17:21

Look at the RNS 0924T of 22 Nov 21



On completion of the Merger, Woodside will issue new shares expected to comprise approximately 48% of all Woodside shares (on a post-issue basis) as consideration for the acquisition of BHP Petroleum. The Merger ratio is based on the number of Woodside shares at the effective date. The number of new shares issued on completion will be adjusted to reflect shares issued by Woodside under its dividend reinvestment plan after the effective date.

The new Woodside shares will be distributed to BHP shareholders as an in-specie fully franked dividend.

Timing and completion

Completion is targeted for the second quarter of the 2022 calendar year. Prior to completion, BHP and Woodside will carry on their respective businesses in the normal course and, will put in place appropriate plans to enable a smooth transition of ownership.

The effective date of the Merger will be 1 July 2021.

[lcwanderer] 24/3/2022 09:50

My understanding is that the BHP shares you hold on Completion date (not the effective date of the merger) will qualify for Woodside shares.

But now you've put a doubt in my mind, does anyone have a link to something official on this point (can't find anything definitive myself).

[gateside] 24/3/2022 06:39

I think that date is correct.Anyone any idea what percentage of our holdings will become Woodside Oil?