Share Name Share Symbol Market Type Share ISIN Share Description
Bhp Group Plc LSE:BHP London Ordinary Share GB00BH0P3Z91 ORD $0.50
  Price Change % Change Share Price Shares Traded Last Trade
  -1.60p -0.09% 1,790.00p 3,948,603 16:35:06
Bid Price Offer Price High Price Low Price Open Price
1,786.40p 1,787.00p 1,807.20p 1,779.40p 1,798.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33,038.32 11,167.98 52.69 32.7 37,806.1

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Date Time Title Posts
07/5/201923:31BHP Billiton59
18/4/201907:29BHP Billiton: Global Resources Giant46
16/4/201806:20But with chart-
11/2/200703:23Banjo's Hit Parade29

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2019-05-21 17:45:051,788.4638679.62O
2019-05-21 17:28:151,788.603035,419.46O
2019-05-21 16:44:361,793.6127,408491,591.53O
2019-05-21 16:43:241,797.821,17721,160.34O
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Bhp Daily Update: Bhp Group Plc is listed in the Mining sector of the London Stock Exchange with ticker BHP. The last closing price for Bhp was 1,791.60p.
Bhp Group Plc has a 4 week average price of 1,713p and a 12 week average price of 1,696.80p.
The 1 year high share price is 1,955.40p while the 1 year low share price is currently 1,460p.
There are currently 2,112,071,796 shares in issue and the average daily traded volume is 4,719,288 shares. The market capitalisation of Bhp Group Plc is £37,806,085,148.40.
loganair: Goldman Sachs reaffirms its neutral investment rating on BHP Billiton PLC (LON:BLT) and raised its price target to 1900p (from 1750p). With Iron Ore prices at mutli year highs and likley to go higher and with the oil price holding up very well it seems to me that Goldman Sachs are underestimating BHP share price going forward over the short term, over the next 6 to 12 months. BHP all time high was in December 2010 at £25. I can see of no reason why the BHP share price will not breach the £20 level and with the price of its commodities holding up or even rising I can see £21 on the cards.
loganair: Is it too late to buy BHP and these high-flying ASX shares? The BHP Group Ltd (ASX: BHP) share price pushed higher and hit a multi-year high of $38.24 yesterday. The mining giant has been a strong performer in 2019 due to favourable commodity price movements and a better than expected half year result in February. In the first half of FY 2019 BHP posted underlying EBITDA of US$10.5 billion, allowing it to reward shareholders with an interim dividend of 55 U.S. cents per share. Although its shares have climbed strongly over the last 12 months, I still see value in them at current levels. Especially for income investors in search of diversification.
loganair: Is the BHP Group share price set for another rally as iron ore heads towards US$100/tonne? The iron ore price could be poised to surge over US$100 a tonne as Chinese traders return from the Chinese New Year break to play catch-up with the rest of the commodities market. In effect this would be a return to ‘boom time’ prices last hit in the midst of China’s once-in-a-generation construction super-cycle that caused demand for the core steel-making ingredient of iron ore to rocket. The price of the steel making ingredient surged 24% since the collapse of Vale SA’s Brumadinho dam in Brazil on January 25 and has rallied over 6% since the start of the Lunar New Year week-long celebrations in China to around US$92 a tonne. The tragic event sent the Fortescue Metals Group (ASX: FMG) share price surging 44% since the start of the year while the Rio Tinto (ASX: RIO) share price added 15% and BHP Group (ASX: BHP) share price added 3%. Iron ore heading to over US$100/tonne? However, the stock probably won’t be lagging for much longer with some analysts predicting that the iron ore price could jump over US$100 a tonne as commodity markets have a tendency to overshoot and undershoot to the up or downside. What will add to the volatility is the fact that no one knows how much production Vale will be taking off the market as the embattled miner had to stop operations in a number of its mines. Some of the closures have been ordered by Brazilian authorities who are inspecting the safety of Vale’s other tailings dams while some of the production stoppages were voluntary. Vale intends to ramp up production at its mines in other countries, but there’s speculation that other governments will also be issuing a stop-work order to Vale to check on its dams and that could leave the iron ore market in a supply deficit for weeks, if not longer. But the iron ore price isn’t the only thing to watch for this reporting season. There’s speculation (or rather hope) that BHP will unveil another capital return when it reports its result next Tuesday. This could be the trigger for the BHP share price to close the gap with its peers.
loganair: BHP Billiton: Big One-Time Buyback And Strong Sustainable Free Cash Flow: BHP Billiton remains attractive on weak share price while throwing off cash. The company needs to deal with some temporary issues that cost it $600M in H1. Meanwhile, management remains focused on shareholder-friendly capital allocation policies. With a longer-term horizon, it seems hard to lose money on this top producer while it grants exposure to commodity upside optionality. On valuation metrics, the company is downright attractive. Trading below 10x free cash flow and at only 8.6x EV/EBIT. The low EV/EBITDA is a positive, but, since mining requires significant capital outlay, we can't take it to the bank. For a while, there will be a lot of talk about the $600 million negative impact on H1 19' due to an acid plant outage at Olympic Dam, a fire at an electro-winning plant and a train derailment shutting down its Pilbara operations. These types of problems are continuously occurring in mining. At the end of the day, BHP has a strong balance sheet, it continues to allocate capital in a sensible way, BHP is trading at very modest valuation multiples, and it grants exposure to the asymmetrical nature of important commodities. All the while, it seems very hard to lose money on this thing if you can hold it for a number of years, given its free cash flow profile and remaining potential in its portfolio of assets.
p0pper: Not having had a special dividend before, will the BHP share price drop after this dividend as per usual divi's or as this is a one off will the share price remain the same? thanks to anyone in advance who knows the answer.
loganair: BHP - Growth, long-term horizon, Deep Value an Australian Commodity Company with a Secure 5.5% Yield: BHP is an enormous commodities company with an enormous portfolio of assets. The company's asset portfolio is spread across materials essential to modern society. BHP has incredibly strong cash flow and has worked to maintain low debt levels and a respectable dividend yield throughout the downcycle. BHP's cash flow potential going forward makes the company a great investment, one that I highly recommend. BHP Group is an enormous commodity company with a market cap of more than $100 billion. The company operates in the copper, iron, coal, potash, oil, and gas industries. The company's operation in a variety of commodities means it is subject to cycles. Through this article, we'll see that the company's focused improvements of its financial position combined with its impressive asset portfolio make it a company I recommend investing in at this time. BHP Growing Asset Portfolio: BHP has a growing asset portfolio that'll provide the company with more secure earnings going forward. BHP's four segments have continued to reach record production, showing their incredible potential. The company has been focused on cutting cost as possible and has continued to earn incredibly strong EBITDA. The company's total EBITDA from its four assets is anticipated to reach $23.1 billion annually. That's incredibly strong for a company with a market cap of more than $100 billion and shows the company's earning potential. More so, the company's costs for all of its major earners are well below the current prices of the commodities. For example, the company's $10.06/barrel petroleum cost is less than 25% of the current crude oil prices. That shows the company's impressive cash flow potential from its assets and how profitable they are, even in a commodity downcycle. BHP Capital Spending: To grow its investment assets, the company plans to invest close to $10 billion annually. The company's impressive capital expenditure is well above its 2017 capital production and almost equivalent to the company's 2016 capital expenditure. That impressive capital expenditure is incredibly affordable and is equivalent to almost 10% of the company's market cap. That means that these impressive investments should help the company's cash flow to grow. BHP Project Cost Cutting: Looking at the company's Australia operations, the company managed to have record production at 7 mines while decreasing costs by 2%. The company's Queensland costs are well below current coal prices, allowing the company to earn cash flow. However, the company does anticipate near term 2019 Queensland coal prices as higher, due to higher strip ratios. The Olympic Dam mine, which focuses primarily on copper and uranium, has seen its ore increase. The company anticipates Olympic Dam production to increase going forward. The company's South Flank asset is also targeting first ore in 2021, which will help to increase the grade and lump proportion. These things should help the company's cash flow to increase. BHP Major Project Delivery: In the Americas, the company's Escondida mine, one of the largest copper mines in the world, has seen copper costs down 15% with record throughput. The company's volumes are expected to average 1.2 Mtpa to 2025, with unit costs at <$1.15 per pound. The company has maintained incredibly strong costs despite a decreasing grade. Going forward, the company anticipates production to continue at the current levels, which should mean continued revenue and earnings. That's incredible production in spite of the fact that the grade of the ore has declined some. The company also has desalination water secured, which will help to maintain stability and support costs. Overall, this asset will continue to provide billions of long-term cash flow BHP. BHP Oil Portfolio: The company's petroleum assets are another important aspect of its earnings. The company has 1 billion barrels in reserves replaced over the last decade, with finding & development costs well below its peers. The company's low finding and development costs of just over $20 will mean significant cash flow potential for the company. The company's current investments are profitable at less than $50/barrel. The company's pipeline of 8 projects has achieved average returns of >25%, which is an amazing return for shareholders. The company has continued to increase performance and improving its exploration and success rates. Low cost of lifting, with impressive assets, means strong earnings going forward. As we will see going forward, BHP's portfolio of assets and growth potential make it a strong investment. BHP Financial Position: BHP has an incredibly strong financial position, a financial position that it has been focused on improving. As a company at the bottom of a cyclical operation, in the immediate term, its finances are everything. BHP Financial Portfolio: BHP has an incredibly strong balance sheet that provides it with continued flexibility throughout the cycle. The company's balance sheet has been tested under a wide variety of price scenarios, and this shows that the company has a buffer for price movements. The company is targeting a net debt in the range of $10-15 billion. During a downcycle, the company expects net debt increasing to the upper end of the region, before it drops back down. This shows the company's financial strength; the company is keeping its debt in a downcycle low. The company has strong liquidity, with an undrawn $6 billion revolving credit facility, which shows the company's financial ability. BHP Shareholder Rewards: Going forward, the company plans to reward shareholders while maintaining flexibility. The company has focused on a minimum 50% payout ratio dividend, while providing additional rewards to shareholders. That dividend is currently almost 6%, which shows the company's strength. The company has paid out $9 billion over the minimum dividend since early-2016. The company was forced to cut its dividend in 2016 due to a tough commodity environment. The company's 50% payout ratio has been still below the progressive dividend, but the company's special dividend has grown to above the dividend while maintaining the company's strength. BHP Debt Balances: Looking at BHP's debt balances, the company has a very balanced debt maturity portfolio. The company has roughly $2 billion in annual debt due from now until 2026. Given the company's annual earnings of roughly $10 billion per year, that means that the company can comfortably afford the debt going forward. This helps to show the company's incredibly impressive financial strength. BHP Maximizing Returns: Overall, these strong financials, combined with the company's new dividend policy, will allow the company to have strong shareholder returns. The company has reduced its debt by $15 billion in two years, reducing net debt to a $10-15 billion range. The company has a new minimum 50% payout ratio dividend we discussed above which'll reward shareholders well. More so, the company plans to limit capital spending, with less than $8 billion in capital and exploration expenditure per annum until FY 2020. The company anticipates ROCE back to ~20% by FY 2022. That shows the company's improving financial profile, which will allow the company to continue to maximize in its investment while having strong returns. BHP's Challenges: Like all other major companies, BHP faces challenges. BHP's single greatest challenge is that the company is in a cyclical sector. Coal, copper, potash, and iron are all commodities that often deal with a cyclical pricing setup. As a result, the company's cash flow can vary heavily from year to year. Despite investors knowing the business is cyclical, the company's stock price varies with these cycles too. That means that I don't recommend this stock for investors with 1,2, or even 5-year timelines. Rather I recommend it for investors who have closer to a 10-year timeline. Still, in the event of a drawn-out commodity crisis, the company's stock price, cash flow, and even dividends could be punished heavily. As a result, as an investor, this is a risk you need to be open too. No one will know when the next commodity crash will happen, but there almost certainly will be one. BHP Valuation: Trying to put a direct price valuation on BHP is difficult, due to the fluctuation in commodity prices. However, I'll try and provide some guidance. BHP's net operating cash flow, which the company uses to retire debt and pay its dividend, is the single most important metric I recommend paying attention too. In 2016, the company's net operating cash flow dropped to a mere $14.6 billion in the commodities crash. However, it has since rebounded. Still, these levels are 20% below 2014 when the crash started. However, BHP dividend payment is paying similar to what it was before the crash. As the company's cash flow recovers, which I anticipate to be over the next few years, as commodity prices stabilize and costs are cut, its share price should recover further. BHP is currently trading at 30% below its mid-2014 highs, while cash flow has dropped 14%. As a result, I think the company is roughly 16% undervalued at this time. As its cash flow increases, I expect the company's share price to increase in turn. This also means as a catalyst for investors to pay attention to, pay attention to the company's cash flow as it reports it in 2019. Should the company miss cash flow numbers drastically, if it's commodity price related, that's a risk, but if it's due to poor management, I'd recommend selling your shares. However, even right now, when you invest, you're getting a growing commodities company, with strong cash flow, and a dividend yield of more than 5%. That company is trading at 16% below what it should be based off of its cash flow. Conclusion: BHP has low cost assets, which means continued cash flow during the downcycle. As commodity prices recover, the company's stock price should return to mid-2014 highs, which will provide investors with strong returns. At the same time, the company's financials are set up for a market crash, and the company continues to pay investors a 5.5% dividend. These things together make the company a rewarding and strong investment decision. I recommend investing in BHP at this time.
loganair: Goldman Sachs adds BHP Billiton shares to its conviction buy list: All eyes will be on the BHP Billiton Limited (ASX: BHP) share price this morning after the mining giant was the subject of a broker note out of Goldman Sachs. According to the note, the broker has added BHP to its ANZ conviction buy list with a price target of $37.00. This price target implies potential upside of around 17% for its shares over the next 12 months, excluding dividends. Why is Goldman Sachs bullish on BHP? Goldman believes that BHP is only halfway through a multi-year re-rating and it expects returns to improve significantly due to the mining giant’s strategy of focusing on maximising cash flow through high-returning growth. It notes that BHP is generating US$11 billion to US$12 billion of free cash flow per annum and expects the majority of this to be returned to shareholders. In addition to this, it likes BHP due to its favourable commodity mix, superior margins, non-core divestment potential, and oil exploration upside. Another positive for the broker is its current valuation. It has pointed out that its shares are trading at 0.9x net present value of $35.40 per share and just 5.6x EV/NTM EBITDA. This compares to its 20-year average of 7x.
ariane: UPDATE: BHP Billiton To Stagger Project Approvals Share this article PrintAlert Bhp Billiton (NYSE:BHP) Intraday Stock Chart Today : Wednesday 2 May 2012 BHP Billiton Ltd. (BHP) is seeking to reassure investors that it will stagger the billions of dollars it intends to spend on expansion projects over the coming years and remains committed to its dividend policy. The company's confidence in long-term demand for key commodities remains unshaken, despite market concerns over softening growth in China's appetite, an executive told Australian analysts this week. BHP has been dogged by concerns that a series of giant projects will increasingly consume its cash and may offer weak returns, as its earnings growth appears to have peaked with the recent fall in prices for many commodities. Some shareholders have been critical of the company's strategy, including plans to invest around US$80 billion on growth over five years and the acquisition last year of shale-gas assets in the U.S. Alberto Calderon, BHP's chief executive of aluminum, nickel and corporate development, told a Macquarie Bank conference in Sydney Wednesday that the company will retain significant flexibility as it prioritizes its growth options. "Projects will be approved in a sequence that maximizes value, reduces risk and balances short- and long-term returns," he said in presentation material distributed by the company, adding the priority for BHP remains building a simple and scalable business. Expansion plans are framed by a commitment to a solid A credit rating and progressive dividend, he said. Analysts said Calderon also stressed that demand growth in China is still expected to be relatively high, slowing from a very high base, and the country's steel intensity isn't expected to peak until about 2030. BHP's share price and the Australian dollar were knocked when the former head of the company's iron ore division in March said China's steel growth rates were flattening. Analysts at Macquarie in a report to clients following Calderon's presentation said BHP sees expansion of the outer harbor at Port Hedland as the most pressing of its three biggest projects, given the iron ore business that relies on the port in Western Australia contributes significantly to earnings. They said it was unsurprising that market focus has increasingly turned to the merits of BHP's projects, since approval for the harbor, expansion of the Olympic Dam copper-uranium mine in Australia and Jansen potash project in Canada are all due this year. Calderon met with analysts earlier in the week, after which Citigroup said that it doesn't expect the harbor project to be slowed, but spending on Olympic Dam and Jansen may be staged and drilling for shale gas wound back. It said the key message from Calderon was that capital expenditure would be staggered to match cash flow. -By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
Bhp share price data is direct from the London Stock Exchange
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