BHP May Add to $23 Billion in Share Buybacks as Profit Surges to a Record
BHP may add to almost $23 billion spent since 2004 buying back stock as the world's largest mining company seeks to deploy cash generated by record profit.
BHP said yesterday it completed a $10 billion share buyback, six months ahead of schedule. Spending that amount again would still leave scope for a $65 billion acquisition in the second half.
BHP is due to report 2011 fiscal year earnings on Aug. 24. Net income will jump 75 percent to a record $22.3 billion according to the average estimate of 14 analysts compiled by Bloomberg.
Click here
bhp rolling in dough
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$41.02 |
Change
-0.240(0.58%) |
Mkt cap ! $208.0B | |||
| Open | High | Low | Value | Volume |
| $41.02 | $41.28 | $40.88 | $296.1M | 7.214M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1453 | $41.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.03 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |