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BHP Group Results

Posted: February 19th, 2019, 7:06 am
by idpickering
BHP released its half year results on 19 February 2019 at 4.15pm (Melbourne time). Andrew Mackenzie, Chief Executive Officer, and Peter Beaven, Chief Financial Officer, reviewed the Company's operating and financial performance.


https://www.bhp.com/media-and-insights/ ... ember-2018

Re: BHP Group Results

Posted: February 19th, 2019, 7:40 am
by IanTHughes
Interim Dividend details …….

https://www.investegate.co.uk/bhp-group ... 00014539Q/

The BHP Board today determined to pay an interim dividend of 55 US cents per share (US$2.8 billion). The interim dividend to be paid by BHP Group Limited will be fully franked for Australian taxation purposes.
BHP's Dividend Reinvestment Plan (DRP) will operate in respect of the interim dividend. Full terms and conditions of the DRP and details about how to participate can be found at bhp.com.

Events in respect of the interim dividend

06 March 2019 - Ex−dividend Date JSE
07 March 2019 - Ex−dividend Date Australian Securities Exchange (ASX), London Stock Exchange (LSE) and New York Stock Exchange (NYSE)
11 March 2019 - Dividend Reinvestment Election date (including currency conversion and currency election dates for ASX and LSE)
26 March 2019 - Payment Date


An Interim Dividend of $0.55 means no change from last year


Ian

Re: BHP Group Results

Posted: February 19th, 2019, 8:00 am
by funduffer
IanTHughes wrote:
An Interim Dividend of $0.55 means no change from last year



Except we got a nice special in January, so can't complain really.

FD

Re: BHP Group Results

Posted: February 19th, 2019, 8:10 am
by IanTHughes
funduffer wrote:
IanTHughes wrote:An Interim Dividend of $0.55 means no change from last year

Except we got a nice special in January, so can't complain really.

True, although for my HYP calculations I treated that special as a return of capital, funded as it was by a sale of company assets.


Ian

Re: BHP Group Results

Posted: February 19th, 2019, 8:17 am
by idpickering
A buying opportunity as of now, with the stock down 1.8% as I type. I have enough, so not for me today.

Ian.

Re: BHP Group Results

Posted: February 19th, 2019, 8:44 am
by daveh
IanTHughes wrote:
funduffer wrote:
IanTHughes wrote:An Interim Dividend of $0.55 means no change from last year

Except we got a nice special in January, so can't complain really.

True, although for my HYP calculations I treated that special as a return of capital, funded as it was by a sale of company assets.


Ian


I treated it as a dividend (marked as a special so I know not to expect it next year), but I reinvested it back in more BHP shares, it would have been reinvested in something as I'm still building, but I chose BHP on this occasion. Last time I looked at HYPTUSS it's S32 in the mining sector I should be topping up not BHP as I'm under weight S32 compared to BHP.

Re: BHP Group Results

Posted: February 19th, 2019, 9:36 am
by idpickering
I logged it as a special too, so as not to falsely raise my expectations next year. :D

Ian.

Re: BHP Group Results

Posted: February 19th, 2019, 2:07 pm
by idpickering
This from TMF;

Don’t panic! This FTSE 100 dividend stock still looks a solid long-term hold to me

So long as you feel comfortable with a bit of volatility, getting exposure to commodities through one or a few listed companies can be seriously profitable.

FTSE 100 constituent BHP Group (LSE: BHP) is a great example. Shares in the world’s largest miner are up a very respectable 25% over the last year. However, if you’d had the courage to buy the stock just over three years ago when the commodity market last dropped like a stone, you’d be looking at a gain of around 200%.

Despite the less-than-enthusiastic reaction from the market to today’s interim results, I believe those already invested should stay the course.

https://www.fool.co.uk/investing/2019/0 ... esday-bhp/

Re: BHP Group Results

Posted: February 19th, 2019, 2:58 pm
by Arborbridge
idpickering wrote:This from TMF;

However, if you’d had the courage to buy the stock just over three years ago when the commodity market last dropped like a stone, you’d be looking at a gain of around 200%.



https://www.fool.co.uk/investing/2019/0 ... esday-bhp/[/quote]

Or alternatively, if you had bought 7-8 years ago, you'd still be nursing a massive loss. Journalists always pick their dates carefully.

Still, I do agree with them - this is the type of share for which one needs a sanguine attitude to volatility: keep calm and carry on! Or timing the market is just as important than time in the market.

My first buy in 2010, plus a good number of topups have only given me an XIRR of 6.69%. It's OK, but not brilliant - and the dividend is still well below what it was five years ago so it fails on that score. Not one of the fitter HYP shares, I'd say.

A wider point: should we bother with holes in the ground at all? Is it diworsity?

Arb.