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hanabi

1,184 Posts.

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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 $42.75		Change 0.340(0.80%)		Mkt cap ! $216.8B

Open	High	Low	Value	Volume
$42.69	$42.83	$42.50	$240.2M	5.628M

Buyers (Bids)

No.	Vol.	Price($)
2	237	$42.69

Sellers (Offers)

Price($)	Vol.	No.
$42.75	28966	1

View Market Depth

No.	Vol.	Price($)
2	237	42.690
3	20638	42.660
1	60	42.650
1	46	42.630
1	23	42.610

Price($)	Vol.	No.
42.750	28966	1
42.770	2140	1
42.790	1851	1
42.800	1030	2
42.810	36239	4

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last $42.66			Change 0.340 ( 0.54 %)
Open	High		Low	Volume
$42.68	$42.83		$42.50	1811916
Last updated 15.59pm 06/05/2024 ?

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