My opinions on BHP are already known to HC. How the share price reacts to HY16 numbers will be interesting.
These are just guesses but here is what I think will happen:
Major drop in NPAT - YoY change may be fudged thanks to S32 divestment
Dividend reduced or Potential for dividend reduction flagged
Cuts to capex
Sudden fall in share price - indicating general market has not anticipated severity of fall in profit
Call me an idiot, call me a downramper, I have no position. Who is right and who is wrong will soon become clear.
If you do disagree please focus on the facts or logic presented.
Drop in profits 75% or more due to NPAT sensitivities
BHP will have to cut costs/capex to improve bottom line
Dividend will be affected, spooking investors and institutions
This may be priced in already but I don't think it is, not fully. I can't see how a $50B market cap can be justified when they owe something in the region of $30B, even though their assets are high quality. All will be revealed in the near future.
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Last
$43.78 |
Change
-0.500(1.13%) |
Mkt cap ! $222.9B |
Open | High | Low | Value | Volume |
$43.72 | $43.98 | $43.71 | $267.9M | 6.117M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 4667 | $43.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.79 | 2227 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 3250 | 43.770 |
9 | 3049 | 43.760 |
20 | 13664 | 43.750 |
10 | 7167 | 43.740 |
14 | 9232 | 43.730 |
Price($) | Vol. | No. |
---|---|---|
43.780 | 5338 | 21 |
43.790 | 9241 | 25 |
43.800 | 7077 | 16 |
43.810 | 10223 | 18 |
43.820 | 6485 | 16 |
Last trade - 15.18pm 05/06/2024 (20 minute delay) ? |
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Last
$43.78 |
  |
Change
-0.500 ( 1.33 %) |
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Open | High | Low | Volume | ||
$43.73 | $43.98 | $43.71 | 1071753 | ||
Last updated 15.36pm 05/06/2024 ? |
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