Investors milking BHP dry

BHP Billiton’s annual profit statement to be released next month could contain a pleasant surprise for shareholders, and a nasty surprise for Australia.


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Good comments Tim. I get tired of hearing how BHP is a well-managed company when it is, and historically has been, a very poorly managed company. Overpaying and mistiming asset purchases, divesting for no apparent strategic reason, you get the feeling its not only the short-termism of fund managers the are pandering to but the investment bankers who have their own people inside BHP head office. I would add that it *IS* in fact possible for miners and oilers to protect against price falls, its called hedging. Most of BHP's competitors in the US shale fields have engaged in some form of hedging, hence may survive a lot longer than many expect, while BHP (with mostly better acreage) will likely be forced to close its US onshore business. Hedging is the only way a miner can realistically promise to deliver a steady payout, alas its looks to be too late for BHP.

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BHP Group (BHP)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 30/04/19

1 year TSR5 year TSR
118thBHP Group32%7%
194thRio Tinto12%-1%
330thCommonwealth Bank-7%14%
729 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar


2nd-BHP Group$59,376.3m
3rd↓Rio Tinto$49,225.3m
4th-Commonwealth Bank$27,005.0m
79 listed non wa companies ranked by revenue.
Source: Morningstar

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