As a 30 plus year holder I have seen plenty of value destruction by BHP. The whole shale debacle being a prime example.
I see these proceeds as a chance for BHP to right some wrongs. Personally I would like to see a split between a buy back and a special Div. Somewhere between .70 and $1 USD seems about right. This way all current holders get a pay day.
Not just rewarding the big funds that love the buybacks only.
As an added extra I think they should also consider an out of cycle payment. Perhaps even mid December.
What will be will be but one can hope for at least a balanced approach to the distribution of these proceeds. GLTALTH.
As a 30 plus year holder I have seen plenty of value destruction...
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Last
$40.34 |
Change
0.150(0.37%) |
Mkt cap ! $204.6B | |||
| Open | High | Low | Value | Volume |
| $40.67 | $40.83 | $40.13 | $645.1M | 15.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 181263 | $40.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.36 | 6563 | 1 |
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| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |