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BHP Group (BHP)

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Bouleversee
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Re: BHP Group (BHP)

#435511

Postby Bouleversee » August 17th, 2021, 9:48 pm

Many thanks, Mon. Very informative, as usual. Will re-read tomorrow when less tired.

csearle
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Re: BHP Group (BHP)

#435520

Postby csearle » August 17th, 2021, 10:21 pm

monabri wrote:[5] I was umming and ahhing about selling when the sp shot up 10% this morning...I could have sold and rebought with a profit! Drat!
Still trying to get my alcohol-pickled brain around this assertion. C.

monabri
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Re: BHP Group (BHP)

#435525

Postby monabri » August 17th, 2021, 10:49 pm

csearle wrote:
monabri wrote:[5] I was umming and ahhing about selling when the sp shot up 10% this morning...I could have sold and rebought with a profit! Drat!
Still trying to get my alcohol-pickled brain around this assertion. C.


Initially up ~10% at one point, closed up 3.4%.

csearle
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Re: BHP Group (BHP)

#435527

Postby csearle » August 17th, 2021, 10:53 pm

monabri wrote:
csearle wrote:
monabri wrote:[5] I was umming and ahhing about selling when the sp shot up 10% this morning...I could have sold and rebought with a profit! Drat!
Still trying to get my alcohol-pickled brain around this assertion. C.


Initially up ~10% at one point, closed up 3.4%.
Sorry I was a bit slow there. :) C.

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Re: BHP Group (BHP)

#435562

Postby idpickering » August 18th, 2021, 7:01 am

Woodside investors jittery on petroleum merger, BHP falls on listing change

Shares in BHP Group Ltd. and Woodside Petroleum fell on Wednesday as investors digested details of the Perth-based oil and gas group's A$40 billion ($29 billion) merger with BHP's petroleum arm, with some questioning the value of the deal for Woodside.

While a 6% fall in BHP's share price was linked to a decision to end its UK dual listing, where its shares have traditionally traded at a large discount, a fall of up to 4% in Woodside reflected concerns about the expansion, they said.

"It may be difficult to get a vote across the line, with Woodside shareholders likely to question the value of the merger," said Jamie Hannah, deputy head of investments at Van Eck Australia, a shareholder in both BHP and Woodside.


https://finance.yahoo.com/news/woodside ... 08229.html

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Re: BHP Group (BHP)

#435567

Postby monabri » August 18th, 2021, 7:20 am

Note : BHP Group Ltd are BHP shares on the Australian market.

Dod101
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Re: BHP Group (BHP)

#435568

Postby Dod101 » August 18th, 2021, 7:25 am

monabri wrote:Note : BHP Group Ltd are BHP shares on the Australian market.



Sounds as if they are taking a leaf out of Unilever's book and converting PLC shares to BHP Group Ltd shares although keeping a listing in London.

Dod

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Re: BHP Group (BHP)

#435594

Postby daveh » August 18th, 2021, 9:39 am

Dod101 wrote:
monabri wrote:Note : BHP Group Ltd are BHP shares on the Australian market.



Sounds as if they are taking a leaf out of Unilever's book and converting PLC shares to BHP Group Ltd shares although keeping a listing in London.

Dod

Except they are only talking about a secondary listing in the UK so, unlike ULVR, BHP will fall out of the FTSE index.

Listened to Wake up to Money on Radio 5Live this morning and the presenter asked the "financial expert" what the change of BHPs dual listing status meant for those who held BHP plc shares in the UK. She failed to answer the question as asked. Just saying that as it would mean BHP was no longer in the FTSE index, trackers would no longer hold the shares so those who invest in trackers in their pension and/or ISA would no longer have an interest in BHP.

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Re: BHP Group (BHP)

#435606

Postby Dod101 » August 18th, 2021, 10:26 am

daveh wrote:
Dod101 wrote:
monabri wrote:Note : BHP Group Ltd are BHP shares on the Australian market.



Sounds as if they are taking a leaf out of Unilever's book and converting PLC shares to BHP Group Ltd shares although keeping a listing in London.

Dod

Except they are only talking about a secondary listing in the UK so, unlike ULVR, BHP will fall out of the FTSE index.

Listened to Wake up to Money on Radio 5Live this morning and the presenter asked the "financial expert" what the change of BHPs dual listing status meant for those who held BHP plc shares in the UK. She failed to answer the question as asked. Just saying that as it would mean BHP was no longer in the FTSE index, trackers would no longer hold the shares so those who invest in trackers in their pension and/or ISA would no longer have an interest in BHP.


Indeed, and shareholders of the PLC company could do a Unilever when they tried to do a Dutch takeaway. They stymied it by not giving the PLC the required 75% of those voting so those index trackers could do the same and frustrate BHP into leaving the dual listing in place.

Dod

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Re: BHP Group (BHP)

#435616

Postby scrumpyjack » August 18th, 2021, 11:02 am

Dod101 wrote:
daveh wrote:
Dod101 wrote:

Sounds as if they are taking a leaf out of Unilever's book and converting PLC shares to BHP Group Ltd shares although keeping a listing in London.

Dod

Except they are only talking about a secondary listing in the UK so, unlike ULVR, BHP will fall out of the FTSE index.

Listened to Wake up to Money on Radio 5Live this morning and the presenter asked the "financial expert" what the change of BHPs dual listing status meant for those who held BHP plc shares in the UK. She failed to answer the question as asked. Just saying that as it would mean BHP was no longer in the FTSE index, trackers would no longer hold the shares so those who invest in trackers in their pension and/or ISA would no longer have an interest in BHP.


Indeed, and shareholders of the PLC company could do a Unilever when they tried to do a Dutch takeaway. They stymied it by not giving the PLC the required 75% of those voting so those index trackers could do the same and frustrate BHP into leaving the dual listing in place.

Dod


I can't see why PLC shareholders would object. The Ltd co's shares will be listed in London so will be as easy to sell or buy as they are now. The Plc shares have consistently sold at a discount to Ltd shares because of the effect of the Australian tax system. UK shareholders will now have their dividends 'franked' which anyone holding in a taxable account will be able to offset any UK tax and that discount will unwind.

The only 'losers' are the London Stock Exchange (reduced listing fees) and the London lawyers, bankers and auditors (lower fees).

It will have some effect on index funds as PLC shares have to be sold and other shares bought to restore index weightings.

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Re: BHP Group (BHP)

#435626

Postby Dod101 » August 18th, 2021, 11:27 am

scrumpyjack wrote:
Dod101 wrote:
daveh wrote:Except they are only talking about a secondary listing in the UK so, unlike ULVR, BHP will fall out of the FTSE index.

Listened to Wake up to Money on Radio 5Live this morning and the presenter asked the "financial expert" what the change of BHPs dual listing status meant for those who held BHP plc shares in the UK. She failed to answer the question as asked. Just saying that as it would mean BHP was no longer in the FTSE index, trackers would no longer hold the shares so those who invest in trackers in their pension and/or ISA would no longer have an interest in BHP.


Indeed, and shareholders of the PLC company could do a Unilever when they tried to do a Dutch takeaway. They stymied it by not giving the PLC the required 75% of those voting so those index trackers could do the same and frustrate BHP into leaving the dual listing in place.

Dod


I can't see why PLC shareholders would object. The Ltd co's shares will be listed in London so will be as easy to sell or buy as they are now. The Plc shares have consistently sold at a discount to Ltd shares because of the effect of the Australian tax system. UK shareholders will now have their dividends 'franked' which anyone holding in a taxable account will be able to offset any UK tax and that discount will unwind.

The only 'losers' are the London Stock Exchange (reduced listing fees) and the London lawyers, bankers and auditors (lower fees).

It will have some effect on index funds as PLC shares have to be sold and other shares bought to restore index weightings.


And presumably, if the PLC does drop out of the index, it will be replaced by whichever is the next largest cap share so I guess the index funds will need to do a bit of reorganisation but I guess they do that regularly anyway.

Dod

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Re: BHP Group (BHP)

#435658

Postby Lootman » August 18th, 2021, 1:13 pm

scrumpyjack wrote: The Ltd co's shares will be listed in London so will be as easy to sell or buy as they are now.

And denominated in sterling as now, presumably?

So a UK holder won't notice any difference at all? Not even a ticker change?

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Re: BHP Group (BHP)

#435662

Postby scrumpyjack » August 18th, 2021, 1:23 pm

Lootman wrote:
scrumpyjack wrote: The Ltd co's shares will be listed in London so will be as easy to sell or buy as they are now.

And denominated in sterling as now, presumably?

So a UK holder won't notice any difference at all? Not even a ticker change?


South 32, an Australian company previously spun off from BHP, has a secondary listing in London and Yes, the London price is quoted and dealt in GBP.

I presume also that stamp duty will no longer be payable on purchases, yet another advantage!

Perhaps the ticker will change, hardly a major issue.

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Re: BHP Group (BHP)

#440127

Postby scrumpyjack » September 6th, 2021, 6:04 pm

The dividend conversion rate for Sterling has been announced and the dividend will be 144.378271p paid on 21 Sept (already xd)

idpickering
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Re: BHP Group (BHP)

#442385

Postby idpickering » September 15th, 2021, 7:16 am

Jansen briefing

BHP will be hosting an investor and analyst briefing today on the Jansen project.

The presentation will be available on BHP's website at: https://www.bhp.com/investors/presentat ... -briefings


https://www.investegate.co.uk/bhp-group ... 00017860L/

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Re: BHP Group (BHP)

#443770

Postby OLTB » September 20th, 2021, 10:11 am

I set a stop loss on my BHP shares this morning and it just passed the price so it’s been sold (is in my HYP). Not too sure how this Evergrande business is going to work out for the big resources companies and feel comfortable in at least making a decision and will look at the charts for a possible re-entry at some future point. The dividend comes in tomorrow but I’m building up my cash position as personally I feel there may be some buying opportunities over the next few months.

Cheers, OLTB.

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Re: BHP Group (BHP)

#450119

Postby idpickering » October 14th, 2021, 2:27 pm

BHP Group Plc 2021 AGM Presentation

The following document has today been submitted to the FCA National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

- BHP Group Plc 2021 AGM Presentation

The document will also shortly be available via BHP's website at: https://www.bhp.com/investors/presentat ... s/meetings

The Annual General Meeting of BHP Group Plc can be accessed at:
https://edge.media-server.com/mmc/p/8e2yermz.

Further information on BHP can be found at bhp.com.


https://www.investegate.co.uk/bhp-group ... 41280802P/

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Re: BHP Group (BHP)

#451154

Postby idpickering » October 19th, 2021, 7:08 am

BHP keeps annual guidance despite production slip up

BHP Group PLC on Tuesday left its full-year guidance unchanged despite seeing a fall in production in the first quarter of its financial year.

The Melbourne-based global mining heavyweight saw petroleum production in the three months to the end of September rise 3.0% year-on-year to 27.5 million barrels of oil equivalent from last year's 26.7 million.

Copper production fell 8.9% to 376,500 tonnes in the quarter from 413,200 tonnes last year, while iron ore slipped 4.1% to 63.3 million tonnes from 66.0 million tonnes.

Metallurgical coal decreased 8.2% year-on-year to 8.9 million tonnes from 9.7 million tonnes, and was down 25% compared to the last quarter of the 2021 financial year, mainly due to planned "major" maintenance. Annually, energy coal production increased 17% to 4.2 million tonnes from 3.6 million.

Nickel production dropped by a fifth to 17,800 tonnes compared last year's 22,200 tonnes, mainly due to planned maintenance across the supply chain.

Gold production fell 4.7% to 75,206 ounces from 78,940 ounces.

"BHP's operations delivered reliably during the first quarter, and we completed planned major maintenance activities across a number of our assets. We continue to skilfully navigate the ongoing challenges of Covid-19," asserted BHP Chief Executive Mike Henry.

BHP kept both its production and unit cost guidance for financial 2022.

BHP shares ended 2.0% lower at AUD38.39 each in Sydney on Tuesday.


https://www.lse.co.uk/news/top-news-bhp ... ghuhl.html

RNS here; https://www.investegate.co.uk/bhp-group ... 00044518P/

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Re: BHP Group (BHP)

#451493

Postby idpickering » October 20th, 2021, 7:21 am

Update on offer for Noront Resources Limited

Further to BHP's release on 31 August 2021, in relation to the recommended all-cash offer to acquire all of the issued and outstanding common shares of Noront Resources Limited by BHP Western Mining Resources International Pty Ltd, an update is provided in the attached release.

Information on BHP can be found at: bhp.com


https://www.investegate.co.uk/bhp-group ... 01166008P/

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Re: BHP Group (BHP)

#456437

Postby idpickering » November 8th, 2021, 7:21 am

Divestment of BHP Mitsui Coal interest

BHP today announced it has signed a Share Sale and Purchase Agreement to divest its 80 per cent interest in BHP Mitsui Coal (BMC), an operated metallurgical coal joint venture in Queensland.

Stanmore SMC Holdings Pty Ltd, a wholly owned subsidiary of Stanmore Resources Limited (Stanmore Resources), has agreed to acquire 100 per cent of the shares in Dampier Coal (Queensland) Pty Ltd from BHP Minerals Pty Ltd, the subsidiary which holds BHP's interest in BMC, for cash consideration of up to US$1.35 billion.

The purchase price comprises US$1.1 billion cash on completion, US$100 million in cash six months after completion and the potential for up to US$150 million in a price-linked earnout payable in the 2024 calendar year. Excluding the price-linked earnout, this represents an Enterprise Value/EBITDA multiple of 6.9x1.

The sale is subject to the satisfaction of certain conditions, including customary competition and regulatory approvals. This includes approval from the Foreign Investment Review Board. Stanmore Resources has agreed to a break fee payable where certain conditions are not satisfied.


https://www.investegate.co.uk/bhp-group ... 00065752R/


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