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Share Name Share Symbol Market Type Share ISIN Share Description
Bhp Group Limited LSE:BHP London Ordinary Share AU000000BHP4 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  29.00 1.05% 2,780.50 2,779.50 2,781.00 2,800.50 2,752.00 2,756.00 1,589,493 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 54,679.0 27,248.2 502.1 5.6 140,758

Bhp Share Discussion Threads

Showing 1626 to 1647 of 1775 messages
Chat Pages: 71  70  69  68  67  66  65  64  63  62  61  60  Older
DateSubjectAuthorDiscuss
07/6/2022
15:48
Jefferies gives bullish forecast for mining but warns the sector is not without risks

The broker says "buy the miners to ride out the storm" and maximise leverage from a recovery
Anglo American PLC - Jefferies gives bullish forecast for mining but warns the sector is not without risks

The mining sector is “undervalued” and “poised to outperform” as China recovers from its recent state of lockdown, broker Jefferies said in an analyst note today.

The investment bank has raised price forecasts for iron ore and coal and upgraded a swathe of mining companies from Hold to Buy.

Anglo American PLC (LSE:AAL), Rio Tinto PLC (LSE:RIO), BHP Group Limited (LSE:BHP) all got a bump-up.

Jefferies raised the target price on Anglo American to 4,500p, up from 3,850p.

BHP Group’s target price was also increased to 3,100p, up from 2,500p.

The price target for Glencore PLC (LSE:GLEN), which remains a Buy, was also raised, as was Rio Tinto.

Although recent demand from China has been weak due to the impact of its latest Covid-19 outbreak, the country is now relaxing lockdowns and rolling out monetary stimulus.

Jefferies anticipates that “mining shares will likely be volatile” as China comes out of hibernation, but that the environment should shift to a place of synchronised “recovery in global demand”.

While iron ore shipments fell in the first quarter of 2022, with little organic growth, an uptick in Chinese demand could lead to a further lift in prices, Jefferies said.

Copper mining production also dropped in the first quarter and total volumes are expected to be low for the rest of the year.

Its coal price forecast is based on a "lack of supply growth" as many companies are winding down coal activities.

Commodity prices, it expects, will be “rising to new highs”, although the pace of recovery could take a decade to be realised.

Jefferies said that supply constraints continue to hamper the mining industry and that capital expenditure in the industry has been at recessionary levels for the past six years.

However, the broker said it expects mining to “outperform as the US and Euro economies slow” amid high inflation and rising interest rates.

“Macro risks are still clearly elevated as an economic hurricane could be coming, but we would buy the miners to ride out the storm and maximize leverage to the subsequent recovery,” Jefferies said in the note.

ariane
02/6/2022
06:38
I understand that Woodside expect to start trading on 6th June.

There will be no price until the shares start trading and therefore there'll be no price quoted until the 6th June.

loganair
02/6/2022
01:57
egg,Taken from the WDS website.Woodside shares are traded on the Main Market for listed securities of the London Stock Exchange (with trades settled in the form of UK Depository Interests) under the symbol “WDS”. Woodside has appointed Computershare Investor Services PLC as its registrar. If you have a query regarding your shareholding, please contact Computershare in the United Kingdom:I have started a new thread for WDS
garycook
01/6/2022
17:32
OK. So my nominees account is now showing a holding of Woodside ticker - BPXZF78
but no although I have a value of £15.59 each there is no quoted price.

Will these be trading on the LSE?

eggbaconandbubble
01/6/2022
11:01
@egg ... to be fair, the world may just about 'rapidly decarbonise' but it isn't going to decarbonise nearly rapidly enough to do without oil and gas (not to mention coal) in major quantities over the next two decades at least.

So Woodside will indeed be supplying (essential) energy in a rapidly decarbonising world. It's true enough, although it might have been better not to put things quite the way that Mike Henry did. :-)

saltraider
01/6/2022
10:24
?????? I must be missing the point here. The merged company is going to supply oil and gas to a "rapidly decarbonising world".

Can some put me right on this, please!

eggbaconandbubble
01/6/2022
09:20
PROACTIVE


Jordan Brodie Farooqui

08:19 Wed 01 Jun 2022

BHP confirms oil and gas exit as Woodside deal completes

'The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world'
BHP

BHP Group Limited (LSE:BHP) said the all-stock merger of its oil and gas portfolio with Woodside Energy Group was completed on Wednesday.

BHP received 914.8mln Woodside shares for the sale of BHP Petroleum, while the former paid the in specie dividend and distributed the latter’s shares to eligible BHP shareholders.

As part of completion, BHP made a net cash payment of roughly US$700mln to Woodside, as well as leaving around US$300mln of cash in the BHP Petroleum bank accounts to fund ongoing operations.

This, however, was still subject to a customary post-completion review that may result in an adjustment to the amount paid.

Woodside’s closing price on the Australian Stock Exchange (ASX) on Tuesday was A$29.76, meaning the in specie dividend was approximately A$5.38, with A$2.30 of franking credits per BHP share.

“The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world,” Mike Henry, BHP chief executive, said.

waldron
01/6/2022
07:37
Release Time IMMEDIATE
Date 1 June 2022
Release Number 19/22



Merger completion and in specie distribution

BHP Group (BHP) is pleased to announce that the merger of BHP's oil and gas portfolio with Woodside Energy Group Limited (Woodside) by an all-stock merger (Merger) has completed today.

BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. BHP has paid the in specie dividend and distributed Woodside shares today in line with the details described in BHP's announcement on 20 May 2022. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022.

The closing price of Woodside shares on ASX on 31 May 2022 was A$29.76 [1] . The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). At this valuation, the in specie dividend is approximately A$5.38 (US$3.86), with A$2.30 (US$1.66) of franking credits being distributed, per BHP share.

As part of completion, BHP has made a net cash payment of approximately US$0.7 billion to Woodside. In addition, approximately US$0.3 billion in cash will be left in the BHP Petroleum bank accounts to fund the ongoing operations. This reflects the net cash flows generated by BHP Petroleum, less cash dividends paid by Woodside to BHP, between the Merger effective date of 1 July 2021 and completion. This net payment to Woodside will be subject to a customary post-completion review which may result in an adjustment to the amount paid.

BHP Chief Executive Officer, Mike Henry said: "The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world. Our shareholders will now have exposure to assets in two organisations, BHP and Woodside, each with a very clear focus, strategy and value proposition. BHP's world class portfolio is weighted towards commodities which support economic growth and have decarbonisation upside and combined with our operational excellence will underpin attractive returns and long-term value growth."

Trading of Woodside shares and depositary interests

Normal trading of the new Woodside shares that are received as part of the in specie dividend will commence as follows :


2 June 2022 New Woodside shares on ASX
Woodside American depository shares on NYSE
6 June 2022 Woodside depository interests on LSE
---------------------------------------------


Sale facility

For ineligible overseas shareholders and small BHP shareholders that have validly elected to participate in the sale facility, the in specie dividend entitlement has been transferred to the sale agent to be sold. The sale proceeds may take up to 12 weeks to be remitted to BHP shareholders.

Authorised for lodgement by:

Stefanie Wilkinson

Group Company Secretary

waldron
01/6/2022
07:33
Anyone know if you had an Australian shares account whether you could have the new securities deposited to it?
letsmakesome
31/5/2022
20:49
Thanks for that gibbs1, I apreciate your input, still on the fence here...
wild bill
31/5/2022
11:39
Proactive

11:57 Tue 31 May 2022




Deutsche Bank has re-looked at its valuation of stock in the Anglo-Aussie giant
Rio Tinto PLC -

Deutsche Bank’s mining team have begun to question BHP Group PLC’s premium rating to Rio Tinto PLC (LSE:RIO) despite both being an equivalent size and having similar commodity exposure.

It points out there are ‘technical reasons’ why BHP trades at a premium to Rio, which has also been hit by ‘challenges within its iron ore business and senior management turnover’.

However, it also believes that having ‘materially outperformed’ since 2020 following the simplification of the business, it's now time for a reality check for BHP's backers.

In a short prelude to a larger note, Deutsche crimped its price target back to 2,250p a share from 2,550p, repeating its ‘hold’ recommendation in the process.

Ignoring the mildly bearish tone of the note, traders marked the stock 1% higher to 2,570.84p.

gibbs1
31/5/2022
05:58
Enjoy asmiging

chuckle and cheers

waldron
31/5/2022
05:57
Https://seekingalpha.com/article/4515284-bhp-group-vs-rio-tinto-like-both-but-hold-only-rio?mailingid=27888438&messageid=must_reads&serial=27888438.491935&utm_campaign=Must%2BRead%2BMay%2B30%2C%2B2022&utm_content=seeking_alpha&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads
waldron
30/5/2022
22:19
Frenchie, that's the fella
wild bill
30/5/2022
22:19
eggman, they already got us ;-)
wild bill
30/5/2022
17:40
Don't forget to pack your Avon - Skin so soft, and Marmite soldiers!

......It's the start of the midge season!!!!

eggbaconandbubble
30/5/2022
17:03
iffy its this then enjoy


Https://en.wikipedia.org/wiki/Gulf_of_Corryvreckan

waldron
30/5/2022
16:45
Hoping to see the Corryvrekan this week, weather iffy.
wild bill
30/5/2022
05:50
would not risk to hazard a guess

Besides no longer into UK Shares apart from SHELL

Another beautiful day doth begin

Hope not too hot

Have a great day and week marra

take care and keep safe

chuckle and cheers

waldron
29/5/2022
20:42
Your thoughts Frenchie?
wild bill
27/5/2022
14:56
Https://uk.advfn.com/p.php?pid=quote&;symbol=NMT

DO NOT GET CONFUSED WITH ANOTHER NMT COMPANY

gibbs1
27/5/2022
14:19
Thanks gibbs1, any particular reason...
wild bill
Chat Pages: 71  70  69  68  67  66  65  64  63  62  61  60  Older
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