BHP Group Plc

BHP Billiton is a resources company. Co. extracts and processes minerals, oil and gas, primarily in Australia and the Americas. Co. operates four reportable segments: Petroleum, which is engaged in the exploration, development and production of oil and gas; Copper, which is engaged in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron Ore, which is engaged in the mining of iron ore; and Coal, which is engaged in the mining of metallurgical coal and energy coal. Co.'s Petroleum unit comprises conventional and unconventional oil and gas assets, and includes exploration, development and production activities.
  • TickerA2N9WV
  • ISINGB0000566504
  • SectorMining
  • CountryUnited Kingdom

Analysts

Mathew Hodge

BHP Pretax Result In Line; AUD 17 per Share Fair Value Estimate Maintained

BHP’s fiscal 2016 adjusted net profit after tax of USD 1.2 billion was weaker than expected due to a higher effective tax rate. The decline from USD 6.4 billion in fiscal 2015 reflected weaker commodity prices, which had a negative impact on EBITDA of USD 10.7 billion, with cost savings a partial offset. The adjusted pretax profit of USD 2.4 billion was in line with our forecast. Total full-year dividends of USD 0.30 per share fully franked were slightly weaker than our USD 0.36 per share foreca...

Mathew Hodge

What’s Priced In? Sensitivity of the Major Iron Ore Miners to Higher Prices

The iron ore price has remained resilient at around USD 55 per tonne, higher than many anticipated. While we still hold to our long-term target of USD 30 per tonne, it is useful to provide a sensitivity analysis as to future earnings, price/earnings multiples, and price/fair value ratios at different iron ore price levels. Investors can then clearly see what iron ore price the market is factoring in perpetuity at any particular share price for Australia’s three major iron ore producers. The foll...

Louis-Clément AZAIS d'UHART

Short term view - BHP BILLITON : An intermediate consolidation is interrupting the trend.

Our previous opinion was positive. We are neutral. An intermediate consolidation is interrupting the trend.

Louis-Clément AZAIS d'UHART

Analyse court terme - BHP BILLITON : Les cours entrent en consolidation.

Notre précédent avis était positif. Nous sommes neutre. Les cours entrent en consolidation.

Peter Goodburn

BHP Billiton (LSE) - UPDATE!

​An impressive BHP Billiton (LSE) price recovery from the Jan. ’16 low of 571.60 has more than doubled the company’s value during this year, 2016. Update on this important equity for the Metals and Mining market.

Peter Goodburn

BHP Billiton (LSE) - UPDATE!

​An impressive BHP Billiton (LSE) price recovery from the Jan. ’16 low of 571.60 has more than doubled the company’s value during this year, 2016. Update on this important equity for the Metals and Mining market.

Roger Bade

BHP Billiton (BLT) - To exit Samarco?

There are numerous reports this morning that Vale is negotiating with BHP to acquire its stake in Samarco. Apparently the Brazilian mine is ready to go and customers are clamouring for product.

BHP Billiton: BHP Billiton's first half performance is credit positive

CORPORATES ISSUER COMMENT 22 February 2017 Contacts Matthew Moore 612-9270-8108 VP-Sr Credit Officer [email protected] Shawn Xiong, CFA 612-9270-1421 Associate Analyst [email protected] Patrick Winsbury 612-9270-8183 Associate Managing Director [email protected] BHP Billiton BHP Billiton's first half performance is credit positive BHP Billiton Limited's (A3 stable)

Mathew Hodge

BHP Pretax Result In Line; AUD 17 per Share Fair Value Estimate Maintained

BHP’s fiscal 2016 adjusted net profit after tax of USD 1.2 billion was weaker than expected due to a higher effective tax rate. The decline from USD 6.4 billion in fiscal 2015 reflected weaker commodity prices, which had a negative impact on EBITDA of USD 10.7 billion, with cost savings a partial offset. The adjusted pretax profit of USD 2.4 billion was in line with our forecast. Total full-year dividends of USD 0.30 per share fully franked were slightly weaker than our USD 0.36 per share foreca...

Mathew Hodge

What’s Priced In? Sensitivity of the Major Iron Ore Miners to Higher Prices

The iron ore price has remained resilient at around USD 55 per tonne, higher than many anticipated. While we still hold to our long-term target of USD 30 per tonne, it is useful to provide a sensitivity analysis as to future earnings, price/earnings multiples, and price/fair value ratios at different iron ore price levels. Investors can then clearly see what iron ore price the market is factoring in perpetuity at any particular share price for Australia’s three major iron ore producers. The foll...

Mathew Hodge

U.S. Steel Makers to Benefit From Trump Stimulus but Market Draws Long Bow With Optimism for Miners

After an initial tantrum, the market is now upbeat at the prospect of a Trump presidency, particularly for commodities and commodity producers. Trump says he will boost U.S. economic growth to 3.5% per annum, cut taxes and regulation, lift restrictions on energy investment--particularly for fossil fuels--and end offshoring. There are some left-field ideas too, particularly around trade and protectionism. The most important policy for commodity producers is the promise to invest $1 trillion on in...

Mathew Hodge

BHP Billiton's heavy investment through the China boom has diluted returns and destroyed the moat.

Mined commodities and mining stocks have seen massive gains in 2016. The coking coal price quadrupled, iron ore and thermal coal doubled, and copper is up about 35% this year. Demand exceeded expectations thanks to China’s debt-fuelled stimulus. With approximately 80% of China’s steel used for investment oriented activity, steel demand is particularly sensitive to stimulus. China’s leading share of commodity consumption means relatively small changes in demand have outsized impacts on global mar...

Mathew Hodge

Buoyant Prices and Solid Production Should Lift BHP Billiton’s Fiscal 2017 Earnings

We maintain our AUD 18.50 per share fair value estimate for BHP Billiton. First-half fiscal 2017 production was broadly in line with our expectations. Guidance for the major commodities, apart from copper, is maintained. Realised prices in the first half were generally better than expected, particularly for coal. In addition, weaker first-half coking coal sales volumes means sales will be biased to the second half and higher priced. The near-term tailwinds see our full-year earnings forecast imp...

Roger Bade

Sector Overview

Base metals prices continued their rampant rise towards the close in New York and into Asia. www.mining.com reported that hedge fund copper bull positions now amount to US$20bn and were bolstered yesterday on production concerns. These appear a bit spurious, as flooding in Indonesia won’t make much difference as the workforce at Grasberg is already on strike. Meanwhile, the various power issues in Zambia appear close to being resolved. Ignoring those issues, the copper price has jumped seven and a half US cents per pound ($/lb.) to $2.955/lb., back to where it was in November 2014; nickel g...

Roger Bade

BHP Billiton (BLT) - How can dodgy conveyors cost $250-350m?

The Q2 production report is slightly disappointing with in line iron ore output, copper showing a recovery following the Escondida strike and a warning on metallurgical coal output, owing to roof problems at one of their underground mines.

Roger Bade

Gem Diamonds (GEMD) - Strong Q4 production and revenue numbers

The Q4 update from the Lesotho diamond miner is very positive, particularly as it predates the various large gemstone found recently. Full year revenues from their Letšeng mine reached US$184.6m, up 12% over 2016, with an average price of $1,695 per carat ($/ct). Pricing progress has continued in Q4 where prices reached $2,217/ct, from $1,858/ct in Q3. Sales were strong in Q4, as not only did the average price go up, but so did the caratage (nearly 31,500 carats as compared to just over 25,900 carats in Q3).

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Nurhayati Wan

BHP Billiton Plc

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Nurhayati Wan

BHP Billiton Plc

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Nurhayati Wan

BHP Billiton Plc

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Nurhayati Wan

BHP Billiton Plc

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Expert Corporate Governance Service (ECGS)

BHP Billiton October 17th 2018

The Company operates as a Dual Listed Company (DLC). BHP Billiton plc is incorporated and listed in the UK while BHP Billiton Ltd is incorporated and listed in Australia. Samarco Incident Update  On 5 November 2015, one of Samarco’s tailings dams (Fundao) failed unexpectedly,releasing muddy tailings downstream, reaching and flooding certain communities andcausing 19 deceases, 700 people lost their homes and important damages to thesurrounded area. The Company holds 50% interest in this entity. BHP Billiton Brasil is among the defendants named in a number of legal proceedings initiated by in...

Louis-Clément AZAIS d'UHART

Short term view - BHP BILLITON : An intermediate consolidation is interrupting the trend.

Our previous opinion was positive. We are neutral. An intermediate consolidation is interrupting the trend.

Louis-Clément AZAIS d'UHART

Analyse court terme - BHP BILLITON : Les cours entrent en consolidation.

Notre précédent avis était positif. Nous sommes neutre. Les cours entrent en consolidation.

Louis-Clément AZAIS d'UHART

Analyse court terme - BHP BILLITON : La moyenne mobile sert de support.

Lors de notre dernière analyse court terme (01/11/2016), nous avions opté pour un avis positif. Nous restons positif avec un objectif à 1435 p et un niveau d'invalidation à 1240 p. La tendance haussière se poursuit. Arguments : - La moyenne mobile sert de support.

Louis-Clément AZAIS d'UHART

Short term view - BHP BILLITON : The moving average is supporting prices.

In our previous short term analysis (01/11/2016), we were positive. We remain positive with a target at 1435 p and an invalidation level at 1240 p. The bullish trend unfolds. Arguments : - The moving average is supporting prices.

Valérie GASTALDY

Medium term view - BHP BILLITON : The resistance is close.

The trend is still bullish, the invalidation level is below 1,159.00 p. The target is at 1,435.00 p.Arguments :- The resistance is close.- The ADX is overbought.

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