Bhp Share Discussion Threads

[the grumpy old men] 27/3/2022 18:07

Https://www.marketscreener.com/quote/stock/BHP-GROUP-PLC-47281658/

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 17:44

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

https://www.investegate.co.uk/bhp-group-plc--bhp-/rns/agreement-to-create-a-global-energy-company/202111220700060924T/

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?

[garycook] 24/3/2022 01:50

Can someone confirm that the qualifying date for the Woodside shares is 01/07/2021.Anyone buying BHP after this date do not qualify is that correct ?

[loganair] 23/3/2022 14:43

Why is BHP staging a rally?

BHP’s key markets have all staged multi-year long rallies and are now surpassing record highs as global tensions mount and inflationary pressures rise.

Futures on oil, gold, coal, uranium, and copper have surged to new highs, meaning producers have likely locked in forward earnings on these as well.

The company’s result could be an earnings waterfall that sees shareholders on the receiving end of lucrative dividends, analysts familiar to BHP are saying.

In a recent note, JP Morgan estimates dividends of $3.01 per share in FY22 and $2.26 per share in FY23.

Meanwhile, analysts at Barclays investment bank highlighted the miner’s free cash flow (FCF) was a huge driver of management declaring the H1 dividend of $1.50 per share. This was 35% ahead of Barclays’ forecast and 21% more than consensus.

“The key driver was a much stronger FCF performance on surprisingly low cash tax and capex,” Barclays said in a note from February.

“The H1 dividend payment equates to $7.6 billion (8.7% annualised yield) and compares to H1 FCF of $7.2 billion post-minority dividends.”

Meanwhile, analysts at Macquarie reckon shareholders are in for a “US$32 billion windfall by September” from the proceeds of its petroleum demerger. Macquarie says “the implied value…has increased from $20 billion at the time of the announcement to $28 billion”.

[gateside] 19/3/2022 19:48

Thanks loganair

From February's Final Results

Woodside is pursuing a standard listing on the LSE and an ADR program on the NYSE in
addition to its existing primary listing on the ASX.
The number of new shares issued on completion will be adjusted to reflect shares issuedby Woodside under its Dividend Reinvestment Plan after the effective date of 1 July 2021.
New Woodside shares, representing 48% of the enlarged share capital of Woodside, will
be distributed to BHP shareholders.
Subject to satisfaction of conditions precedent including approval by Woodside
shareholders, completion expected in Q2 CY22.

[loganair] 19/3/2022 19:27

Timing and completion:

Completion is targeted for Q2 2022. Prior to completion, Woodside and BHP 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.

On completion, Woodside will make a cash payment to BHP in relation to cash dividends paid by Woodside between the effective date and completion. BHP will make a cash payment to Woodside for the net cash flow generated by BHP Petroleum between the effective date and completion (or, if that amount is negative, Woodside will make a cash payment to BHP). Where applicable, these amounts will be netted off.

[gateside] 19/3/2022 19:04

hTTps://www.woodside.com.au/investors/woodside-and-bhp-proposed-merger

[gateside] 19/3/2022 19:04

There seems to be more info on Woodside's website than on BHP's

On 22 November 2021, Woodside and BHP Group signed a binding share sale agreement for the merger of BHP’s oil and gas portfolio with Woodside. Completion is targeted for Q2 2022.

So not too long to wait by the looks of it.

[waldron] 19/3/2022 18:54

perhaps too early G

There surely would be RNS

[gateside] 19/3/2022 18:24

waldron - Do you know if a date has been set yet, as to when we will hear about how many Woodside shares we will get?

[waldron] 19/3/2022 06:21

Https://www.bhp.com/investor-centre/upcoming-events



21 April 2022, 8:30 AM Melbourne time (approximate)

BHP Operational Review
For the nine months ended 31 March 2022


Https://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/bhp-group-plc/dividends


Next dividend

Ex-div date 24 February 2022 (Thu)

Payment Date 28 March 2022

Https://www.bhp.com/investors/shareholder-information/dividends

[waldron] 19/3/2022 06:16

ExxonMobil, BHP to invest $291m to further develop Kipper gas field

Oil & GasUpstreamField Development

By NS Energy Staff Writer 18 Mar 2022

According to ExxonMobil, the latest gas development project in the Gippsland Basin is aimed at securing an additional 200PJ of gas between 2023 and 2027 to deliver critical gas supplies to help Australian southern states prevent winter supply risks predicted in the Australian Energy Market Operator’s 2021 Gas Statement of Opportunities
AU+Kipper+Tuna+Turrum+Bass+Strait+Platforms

The Kipper gas field is part of the Gippsland Basin joint venture between ExxonMobil and BHP subsidiaries. (Credit: ExxonMobil Australia)

ExxonMobil’s subsidiary Esso Australia has made a final investment decision (FID) to develop additional gas from the Kipper field in the offshore part of the Gippsland Basin in Australia with an estimated investment of A$400m ($291m).

Esso Australia is the operator of the 50:50 Gippsland Basin joint venture between Esso Australia Resources and BHP Petroleum (Bass Strait).

According to ExxonMobil, the latest gas development project at the Kipper field is aimed at securing an additional 200 petajoules (PJ) of gas between 2023 and 2027 for the domestic market in Australia. Nearly 30PJ of that is expected to be brought into production next year.

The volume will deliver critical gas supplies to help Australian southern states prevent winter supply risks that were forecast in the Australian Energy Market Operator’s 2021 Gas Statement of Opportunities.

Esso Australia is also taking forward funding decisions to streamline production from the Turrum field, which is another producing asset of the Gippsland Basin JV.

ExxonMobil Australia chair Dylan Pugh said: “Natural gas has an increasingly important role in meeting demand for cleaner fuel, lowering GHG emissions in the power sector and supporting higher penetration of renewables by maintaining reliability, resilience and stability of the grid.

“Our ongoing investment and commitment to supplying Australian customers means that the Gippsland Basin remains the largest single source of natural gas for Australia’s east coast.”

“There is still plenty of gas remaining in Bass Strait and we are working hard to unlock its full value. More investment will be required for Victoria to maintain its reliable supply of natural gas, especially during winter.”

Last year, Esso Australia had started production from the A$400m ($291m) West Barracouta gas project in the Gippsland Basin.

Recently, the company had unveiled plans to capture and reuse carbon dioxide (CO2) generated from its Gippsland Basin operations.

As part of this, the company has engaged Air Liquide, which has started the construction of a new facility for capturing and reusing CO2 from the gas produced in the basin.

[waldron] 15/3/2022 15:30

Gateside
15 Mar '22 - 15:20 - 1369 of 1369
0 0 0
I suppose if it bothers anyone so much, they can always sell their shares and reinvest elsewhere.
I'm still glad they made this donation in this instance though.



Of course you have that right

but its not a question of buy,sell or hold, thats too short sighted in my opinion

I was just pointing out there were far more good causes to be first in line, being that this is not the only warzone sending refugees towards western europe

Must admit now its a warzone too close for comfort

[gateside] 15/3/2022 15:20

I suppose if it bothers anyone so much, they can always sell their shares and reinvest elsewhere.I'm still glad they made this donation in this instance though.

[gateside] 15/3/2022 15:18

That's the trouble with any form of charity or aid. If you give to one, then others will expect it.

[waldron] 15/3/2022 15:13

i appreciate your sentiment Gateside but did they give donations to other causes that
have been media biased

Https://www.concernusa.org/story/worlds-worst-humanitarian-crises/

[gateside] 15/3/2022 14:34

I don't like companies making political donations either. But this is a humanitarian disaster on a massive scale and am glad that BHP have made this donation in this instance.

[eggbaconandbubble] 15/3/2022 11:47

I fully agree!

[spawny100] 15/3/2022 09:21

I don't like it when companies make donations to politicised charities personally. This is the new brand of woke stakeholder capitalism that Schwab and his WEF buddies are pushing with the Great Reset. These big unelected multinationals will have increasing political power to swing events globally and I don't like that idea. It's one thing to contribute to a natural disaster but to openly take sides in a conflict with many years of history is, I think, a dangerous precedent.

[gateside] 15/3/2022 08:32

Some good news

hTTps://www.bhp.com/news/articles/2022/03/bhp-foundation-ukraine-donation

BHP Foundation Ukraine donation

As the world is witness to the daily heartbreaking scenes of devastation in Ukraine, our thoughts are with all Ukrainian people, everywhere.

The BHP Foundation today announced a US$5million suite of donations to support the humanitarian needs of Ukrainians remaining in Ukraine, as well as those seeking refuge in neighboring countries to escape the shocking events unfolding in their country.

The Foundation will donate US$2million to the United Nations High Commission for Refugees’ (UNHCR) coordinated response to provide shelter, food and access to medical care for the 4 million Ukrainian refugees expected to seek refuge from the conflict in neighbouring countries in coming months.

The Foundation will also donate US$2million to the United Nations Ukraine Humanitarian Fund (UHF) to support Ukrainian civilians remaining in Ukraine, including those living under life threatening conditions. This will enable people to access the food, clothing, medical supplies and cash transfers they need to survive.

As the global community responds in many ways to the crisis in Ukraine, maintaining functional governance and social cohesion will be critical. The Foundation will allocate a further US$1million to initiatives seeking to sustain governance and unity in the affected region in collaboration with governments and civil society organizations.

“Our hearts and thoughts are with people of Ukraine as every tragic day unfolds. We will do what we can to support Ukrainians through this time of unimaginable hardship and pain.” said James Ensor, Chief Executive BHP Foundation.