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hanabi

1,184 Posts.

361

05/10/20

22:50

Post #: 47867709
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Originally posted by Samorghyni: ↑

BHP has announced it is divesting from Thermal coal today.

Prior to announcement it was a poorly held secret.

CEO has stated that it could take path of a spin-off of the Australian Thermal coal asserts, similar to South 32, or a straight asset sale of the group or individual units.

To me, it's long overdue. In current climate these assets are running at a minor deficit, thermal coal is super low and USD is down, looking to head lower IMO.

From my perspective, most likely outcome is a demerger/spin off.

Anyone care to comment on how this would most likely effect current Shareholders?

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It can't happen fast enough.

BHP Price at posting: $36.14 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $43.15		Change -2.080(4.60%)		Mkt cap ! $218.8B

Open	High	Low	Value	Volume
$43.60	$43.75	$43.12	$710.8M	16.41M

Buyers (Bids)

No.	Vol.	Price($)
6	26536	$43.14

Sellers (Offers)

Price($)	Vol.	No.
$43.15	400	1

View Market Depth

No.	Vol.	Price($)
6	26536	43.140
24	25962	43.130
33	35839	43.120
11	17548	43.110
77	46211	43.100

Price($)	Vol.	No.
43.150	400	1
43.200	100	1
43.230	1734	1
43.250	235	1
43.270	25467	1

Last trade - 16.10pm 26/04/2024 (20 minute delay)


Last $43.22			Change -2.080 ( 4.65 %)
Open	High		Low	Volume
$43.60	$43.75		$43.13	4925079
Last updated 15.59pm 26/04/2024 ?

BHP (ASX) Chart