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BHP - BHP Group

Value Collector

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BHP goes ex tomorrow.
Anyone with half a brain who has held onto this through the building insanity in China, will sell tomorrow after getting their franked dividend.
Should take and absolute spanking especially if US markets are week tonight.
US markets may be deceptively OK due to end of month overbalancing so next few days. BHP - bad!

Maybe, But Iron ore prices are up over night.

If its down by less than its dividend plus franking I would take that as an up day.
 
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Waiting for 35 to top up.🤭

Maybe, But Iron ore prices are up over night.

If its down by less than its dividend plus franking I would take that as an up day.
To claim additional franking credit's - must hold BHP for at least 45 day's anyway.. so till at least 15th October '22

P.S. I'm happy to add more if BHP does happen to drop to $35 or lower as any company making $31B in profit & paying an 11%+ yield plus boosted by big franking credit's is a no brainer imo lol
 
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To claim additional franking credit's - must hold BHP for at least 45 day's anyway.. so till at least 15th October '22

P.S. I'm happy to add more if BHP does happen to drop to $35 or lower as any company making $31B in profit & paying an 11%+ yield plus boosted by big franking credit's is a no brainer imo lol
If you buy today, is it not ex div?
Not sure of date
 
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Yeah frog ex-dividend date is today 01st Sep & record date is tomorrow 02nd Sep (as divvy gets paid 22nd Sep)

My understanding and a quick search, but check accuracy if it may apply to you.

When you are not entitled to claim a franking tax offset?


If you have more than $5,000 in franking credits from a single parcel of shares.
 

Value Collector

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To claim additional franking credit's - must hold BHP for at least 45 day's anyway.. so till at least 15th October '22

P.S. I'm happy to add more if BHP does happen to drop to $35 or lower as any company making $31B in profit & paying an 11%+ yield plus boosted by big franking credit's is a no brainer imo lol
yes you have to hold for 45 days, to get franking credits.

But if you were had already exceeded that 45 days, you would have been better off selling this morning rather than yesterday, or if your planning on buying and holding for 45 days you would have been better to buy yesterday.
 

Sean K

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How bad would China's growth have to be hit for BHP to break down through these support levels?

Screen Shot 2022-09-02 at 10.51.32 am.png
 
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How bad would China's growth have to be hit for BHP to break down through these support levels?

View attachment 146290
China or our ( trading ) relationship with China ??

some of our defense alliance partners are getting more than a little crazy

and if we really mess things up we might lose India as a potential replacement customer

BHP has broken $15 before and that was still carrying what was to become S32 and the petroleum arm , so you would have to be half-prepared to see $10 in the global economy went NASTY
 
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Thanks Sean for highlighting chart.

Compared to say the likes of FMG - BHP is diversified enough to withstand any "temporary bad news from China" imo
but FMG has displayed single-minded focus in recent years and a solid reputation , FMG might be able to pick up replacement clients more easily . ( extra funding as well )
 
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harsh , but fair , for a business that needs long-term focus BHP has been making a few U-turns in the last few years
The last few years?
This is a company that was trying to buy RIO and spent 450m in failing to do so in 2007 at $139.00 per share.
In 2008 after their pathetic attempt failed due to government blocking it RIO was trading at $38 something.
They really know there stuff!!
 
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The last few years?
This is a company that was trying to buy RIO and spent 450m in failing to do so in 2007 at $139.00 per share.
In 2008 after their pathetic attempt failed due to government blocking it RIO was trading at $38 something.
They really know there stuff!!
2007 i was very pre-occupied with other stuff

it wasn't until very late 2010 i took any notice of the stock market , so 2011 and later for me , everything before that was something i MIGHT have read about ( i didn't even stop work to watch 9/11 on TV that night )
 
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If BHP had any kind of competence in it's corporate culture it should be trading at $200 having paid 6 to 7% ff dividend for the last 25 years and still be paying it.
The missed opportunity is so huge it boggles the mind
FMG, believe it or not, put both RIO and BHP to shame with it's lower grade IO over that time in terms of price appreciation and relative div payouts. So has the mino GRR and MIN.
Australia has been the lucky country ever since it was no longer a convict colony. That's all that has carried both BHP and RIO for this time, luck.
Unbelievable when BHP made that offer, RIO under the behest of the dumbest person to ever knot a tie, swallowed a 'poisoned pill' by paying US$38bn for the Canadian aluminum producer Alcan! Even though anyone with a brain larger than a pea could see the BHP take over was NEVER going to be approved by the legislators. Dick Evans, former CEO of Alcan, said in the WSJ that the decision to buy was "the worst decision ever and was the largest metals and mining transaction in the history of the world at the time and at the high point in the commodity cycle.” at a 65% premium.
But wait, there's more -
RIO then had to do a massively dilutional capital raising at the peak of the financial crises to get it's consequential debt under control at I think it was 29 per share and handed 1/3 of it to it's biggest customer - Chinese Communist Party!
Then RIO wrote down the value of Alcan to, I kid you not, $US10bn and sold it just before Aluminium prices rocketed through the roof.
Someone should make a comedy film out of it. Maybe call it 'Dumb and Dumber 3.
RIO would be trading at about AU$500 and still paying a10% ff div, if it were not for these imbeciles that they actually go out and head hunt from the US!!

1662114393903.png
 
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If BHP had any kind of competence in it's corporate culture it should be trading at $200 having paid 6 to 7% ff dividend for the last 25 years and still be paying it.
The missed opportunity is so huge it boggles the mind
FMG, believe it or not, put both RIO and BHP to shame with it's lower grade IO over that time in terms of price appreciation and relative div payouts. So has the mino GRR and MIN.
Australia has been the lucky country ever since it was no longer a convict colony. That's all that has carried both BHP and RIO for this time, luck.
Unbelievable when BHP made that offer, RIO under the behest of the dumbest person to ever knot a tie, swallowed a 'poisoned pill' by paying US$38bn for the Canadian aluminum producer Alcan! Even though anyone with a brain larger than a pea could see the BHP take over was NEVER going to be approved by the legislators. Dick Evans, former CEO of Alcan, said in the WSJ that the decision to buy was the “. . . worst decisions ever, the largest metals and mining transaction in the history of the world at the high point in the commodity cycle.” at a 65% premium.
But wait, there's more -
RIO then had to do a massively dilutional capital raising at the peak of the financial crises to get ist's consequential debt under control at I think it was 29 per share and handed 1/3 of it to it's biggest customer - Chinese Communist Party!
Then RIO wrote down the value of Alcan to, I kid you not, $US10bn and sold it just before Aluminium prices rocketed through the roof.
Someone should make a comedy film out of it. Maybe call it 'Dumb and Dumber 3.
RIO would be trading at about AU$500 and still paying a10% ff div, if it were not for these imbeciles that they actually go out and head hunt from the US!!
View attachment 146321
They were gifted the best ore in the world, best coal, etc etc and slowly year after year, waste the benefits, rape the seams and waste resources we as Aussie own.
Worse, get sucked by any half a clue foreign opponent, even sold off the whole empire for a minor miner from SA: Billiton letting alpha males with harder skin takeover the whole top and medium management, a slaighter for these aussies born in the lucky country facing war trained corporate warriors..
But now the woke ate back, female status more than competence, lgbt , woke agenda dropping s32, petroleum and coal soon.i worked there as a contractor when they were under SA takeover..and left in disgust
 
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