Bhp Share Discussion Threads

[letsmakesome] 21/8/2023 23:59

Distribution AmountUSD 0.80Ex Date7/9/2023Record Date8/9/2023Payment Date28/9/2023

[gateside] 21/8/2023 19:37

11.30pm UK time

[grupo guitarlumber] 21/8/2023 19:23

Upcoming events



22 August 2023, 8:30 AM Melbourne time (approximate)

BHP Results
For the year ended 30 June 2023

[eggbaconandbubble] 21/8/2023 19:19

I'm guessing final divi $1.10.

We shall see!

[grupo guitarlumber] 19/8/2023 07:18

London Stock Exchange - 11:35:00 2023-08-18 am EDT



2187.50 GBX -1.60%


Next week should point out the direction

Lets hope for a more positive tendency generally throughout the markets

[grupo guitarlumber] 19/8/2023 07:09

Berenberg forecasts financial 2023 revenue at USD54.7 billion, Ebitda at USD27.7 billion, and earnings per share at USD2.50.

It predicts a final dividend of USD0.83 per share, or 65% of BHP's earnings, taking the full-year dividend to USD1.73 per share.

Thanks Gary

Have a great weekend guys

[grupo guitarlumber] 19/8/2023 07:02

Upcoming events



22 August 2023, 8:30 AM Melbourne time (approximate)

BHP Results
For the year ended 30 June 2023




18 October 2023, 8:30 AM Melbourne time (approximate)

BHP Operational Review
For the quarter ended 30 September 2023

[garycook] 19/8/2023 06:20

EARNINGS PREVIEW: UBS sees "downside risk" to BHP earnings consensus.
UBS said it sees "modest downside risk" to BHP Group's financial 2023 consensus earnings, despite the diversified mining ending its fourth quarter on a solid note.

The Swiss bank said BHP saw a "strong finish" to financial 2023, with record production achieved at Waio, Spence & Olympic Dam, but remained cautious on the firm's annual earnings outlook amid uncertain demand, higher costs, and higher capital expenditure.

UBS said it sees an around 4% downside risk to financial 2023 consensus earnings before interest, tax, depreciation and amortisation and an around 6% downside risk to underlying earnings.

It also expects BHP to trim its dividend payout to 60% of its financial 2023 earnings and its net debt to land in the "top half" of BHP's target range.

UBS forecasts BHP's earnings before interest, tax, depreciation and amortisation will total USD27.6 billion in financial 2023. In financial 2022, BHP reported Ebitda of USD39.27 billion and underlying Ebitda of USD40.60 billion.

BHP Group will release its results for the year ended June 30 on Tuesday at 0830 AEST.

Berenberg forecasts financial 2023 revenue at USD54.7 billion, Ebitda at USD27.7 billion, and earnings per share at USD2.50.

It predicts a final dividend of USD0.83 per share, or 65% of BHP's earnings, taking the full-year dividend to USD1.73 per share.

"We think this is the end of the large dividends era, and the start of capital investment in new projects - management will not be drawn on [mergers & acquisition] strategy but we think there is more for BHP to do here," the bank said.

Looking beyond results, Berenberg said it is keen to see "more management colour" in a number of areas on Tuesday.

Berenberg said it was interested in hearing initial thoughts on the integration of the OZ Minerals assets and where BHP thinks it can create value, as well as commentary on the firm's nickel strategy, given that the financial 2024 guidance is "light".

It is also looking more detail on the Spence plant in Chile, given financial 2024 guidance "underwhelm[ed]" and more detail on the production and cost outlook for Escondida in Chile, which Berenberg said has been "struggling somewhat".

Finally, Berenberg is eager to hear the company's thoughts on capital allocation and its cost guidance for financial 2024.

The stock is up 5.2% at AUD43.69 each in Sydney over the past 12 months.

Was expecting 105 Cents Dividend. But we will see on Tuesday.

[zeppo] 18/8/2023 09:17

As long as good dividends keep being paid I am holding my stocks at whatever price.

Diversification is the key.

Dividends fluctuate less than capital values.

Many companies eg SEQI are constantly buying back their own shares.

BHP are vulnerable to commodity prices, the strength of the Chinese economy.

And BHP also have the court cases because of the South American dam failure to put behind them.

I will be looking for the Full Year Dividend announcement in the early hours of Tuesday morning when it comes out Australian time.

[spawny100] 18/8/2023 08:43

I think we're really into a period of either A)switch off the computer and hold or B) sit in cash and wait for better times.Dire markets....

[huckers] 17/8/2023 10:38

Calougra2000. Much appreciated, thank you.

[calougra2000] 17/8/2023 10:14

@Huckers - no tax liable on the #BHP shares on FTSE.
This is along term holding for me, +10 years now.
It is cyclical so the share price will oscillate; good growth and profit ration coupled with reasonable dividends.
I like that this is an Australian company, like #WDS.

[huckers] 16/8/2023 20:29

Not a holder but watching and looking to take an opening position if it continues lower. Question, is there any withholding tax payable on dividends with BHP (or any other nuances I haven’t considered to buying and selling the share)? Thanks in advance.

[zeppo] 16/8/2023 17:00

China situation could compromise this.

We must wait and see.

[action] 16/8/2023 14:25

Divi exd date in Sept23. Is it going to be lower then 175c

[zeppo] 28/7/2023 11:52

' BHP OPERATIONAL REVIEW
FOR THE YEAR ENDED 30 JUNE 2023
• There were two fatalities during the financial year. We are committed to sharing the learnings from
these tragic events and remain resolute in our commitment to eliminating fatalities and serious injuries
at BHP.
• Full year production guidance was achieved for copper, iron ore, metallurgical coal and energy coal.
Nickel achieved revised guidance and finished in line with the lower end of original guidance.
• Annual production records at Western Australia Iron Ore (WAIO) of 285 Mt (100% basis), Spence of 240 kt,
and Olympic Dam for both copper of 212 kt and refined gold of 186 troy koz.
• Full year unit cost guidance1
is expected to be achieved at Escondida, WAIO and New South Wales
Energy Coal (NSWEC). BHP Mitsubishi Alliance (BMA) is expected to be marginally above its revised
guidance range.
• Average realised prices for copper, iron ore and metallurgical coal products were lower in the 2023
financial year compared to the prior year. Nickel prices remained stable, while thermal coal prices were
stronger, predominantly in the first half.
• BHP completed the acquisition of OZ Minerals Ltd (OZL) on 2 May 20232
.
• BHP has continued to make strong progress at Oak Dam in South Australia. We have defined an
Exploration Target3 and plan to increase the number of exploration drills from nine to eleven by the
end of the 2023 calendar year.
• In Australia, BHP released its sixth Reconciliation Action Plan, which was awarded Elevate status........................+plenty more info.'


Final Results 22nd August 8.30 am Australian time

[ariane] 20/7/2023 08:16

TOP NEWS: BHP annual production rises despite lower prices

Thu, 20th Jul 2023 07:51
Alliance News

(Alliance News) - BHP Group Ltd on Thursday reported higher annual production across the board, meeting its guidance and ending the fourth quarter on a "strong" note.

In an operation review, the Melbourne-based diversified mining group said copper production for the financial year that ended June 30 rose 9% to 1.7 million tonnes from 1.6 million tonnes a year earlier.

For the fourth quarter that ended June 30, copper output was up 3% to 476,200 tonnes, compared to a year before. Quarter-on-quarter, production increased 17%.

Iron ore production inched up 1% to 257.0 million tonnes for the full-year from 253.0 million tonnes. Output grew 2% to 65.3 million tonnes year-on-year in the fourth quarter, and it was 9% higher on a quarterly basis.

BHP said its annual metallurgical coal production was flat at 29.0 million tonnes. Output improved 4% to 8.5 million tonnes on the yearly basis in the fourth quarter, and jumped 22% from the fourth quarter in 2022.

Nickel production for the year to June 30 rose 4% to 80,000 tonnes from 77,000 tonnes. Output for the fourth quarter climbed 17% to 22,000 tonnes year-on-year. Quarter-on-quarter, production was up 12%.

BHP said it met its annual production guidance for copper, iron ore and metallurgical coal.

The diversified mining group said average realised prices for copper, iron ore and metallurgical coal products were lower in the 2023 financial year compared to the prior year.

But nickel prices remained stable, while thermal coal prices were stronger, predominantly in the first half.

Chief Executive Mike Henry said the company finished the year with a strong fourth quarter, increasing annual production across the board and achieving annual records at Western Australia Iron Ore, Olympic Dam in Australia and Spence in Chile.

WAIO shipped record volumes on the back of productivity in its supply chain, rail network and car dumpers, while South Flank completed its deployment of autonomous haul trucks in May and is on track to ramp up to full production in the next 12 months, Henry said.

Olympic Dam's improved reliability and productivity delivered record annual output in copper, gold and silver, and the integration of Oz Minerals into the South Australian copper business is expected to lift production to between 310,000 tonnes and 340,000 tonnes in 2024 financial year.

Looking ahead, BHP guided for an increase in copper production of between 1.7 million tonnes and 1.9 million tonnes for the financial year ending June 30, 2024.

Annual guidance for iron ore ranges from 254.0 million tonnes to 264.5 million tonnes over this period.

Full-year metallurgical coal production is projected to range between 28 million tonnes and 31 million tonnes.

Output for nickel is estimated at between 77,000 tonnes and 87,000 tonnes.

By Artwell Dlamini, Alliance News reporter

Comments and questions to [e-mail]

[podgyted] 12/7/2023 23:59

Commodities strong today.

Who knows about tomorrow. But beginning to look a bit more interesting.

Watching.

[action] 10/7/2023 22:57

Same thing happens till September. Summer doldrums

[vas007] 23/6/2023 14:18

Can someone explain why commodities are heavy trash all this week ?

[lippy4] 14/6/2023 09:54

nice to see a change of direction..

[ariane] 01/6/2023 06:22

BHP, the world's largest miner by market value, on Thursday said it has been incorrectly deducting leave for some workers for more than a decade and estimated it would cost up to $280 million before tax to remedy the issue.

The company said a preliminary review has found some current and former employees in its Australian operations had leave wrongly deducted on public holidays since 2010. BHP estimated 28,500 workers were affected, with an average of 6 days of leave incorrectly deducted.

OZ Minerals, the Australian copper miner BHP recently acquired, appears to have had a similar issue, BHP said.

There are also about 400 current and former employees at Port Hedland, in northwest Australia, that BHP has found entitled to additional allowances due to an error in their contract, the company said.

The cost of remedying that is included in BHP's up-to $280-million pretax cost estimate.

"We are working to rectify and remediate these issues, with interest, as quickly as possible," said Geraldine Slattery, the company's Australian president.



Write to Rhiannon Hoyle at [e-mail]



(END) Dow Jones Newswires

May 31, 2023 19:13 ET (23:13 GMT)

[zeppo] 30/5/2023 11:04

There was a reminder in a Sunday paper of the court case re the dam burst.

It would be good to get that out of the way.