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  1. #1
    Member Viking's Avatar
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    Thumbs up BHP - Astonishing result

    BHP dropped 10cents today on the back of an astonishing result~ did I missed something?

    - Underlying EBITDA up 27% to US$23B
    - Underlying EBIT up 31% to US$20.1B (up from US$15.3B in 2006)
    - Operating cash flow to US$20.2B (up from US$14.6B in 2006)
    - Underlying EBIT margin and ROCE increased to 48% and 38%
    - 55% volume growth
    - Final dividend increase 46% (US 27c)
    - not to mention the share buyback pretty much half way there~
    - Significant volume growth expected for Petroleum and others~ (I do favour the increase in petroleum)
    - of course Ni and Al had a good run this year~
    - the outlook for 2008 isn't too bad either
    .....etc.....

    I thought we shall have a super run today~ but for some reason we didn't see that happen today~ just wondering, was the market slow catching up or did I missed something?
    Make everything as simple as possible, but not simpler.
    --- Albert Einstein

  2. #2
    Legend shasta's Avatar
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    Quote Originally Posted by Viking View Post
    BHP dropped 10cents today on the back of an astonishing result~ did I missed something?

    - Underlying EBITDA up 27% to US$23B
    - Underlying EBIT up 31% to US$20.1B (up from US$15.3B in 2006)
    - Operating cash flow to US$20.2B (up from US$14.6B in 2006)
    - Underlying EBIT margin and ROCE increased to 48% and 38%
    - 55% volume growth
    - Final dividend increase 46% (US 27c)
    - not to mention the share buyback pretty much half way there~
    - Significant volume growth expected for Petroleum and others~ (I do favour the increase in petroleum)
    - of course Ni and Al had a good run this year~
    - the outlook for 2008 isn't too bad either
    .....etc.....

    I thought we shall have a super run today~ but for some reason we didn't see that happen today~ just wondering, was the market slow catching up or did I missed something?
    The million analysts that follow the large caps like BHP, would have had consensus for the 2008/09 earnings/profit etc & the results/forward looking may not have met expectations...

    I wouldnt bother trying to rationalize what the market thinks, just profit from it!

    What did BHP's SP do in the run up to the ann?

    Possibly a bit of buy into the ann & sell on its release?

  3. #3
    Member Viking's Avatar
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    Quote Originally Posted by SectorSurfa View Post
    yip, massive profit

    about $18.5 billion NZD after tax!


    or to put that into perspective

    1 years net profit at BHP buys.........

    Telecom $8.6b

    Contact Energy $5.2b

    Fletcher Building $5.6b


    that is a very cool way of looking at their massive profit!!!
    Imagine they really do that~~ buy out our 3 blue chip in NZX, that could be interesting!
    Make everything as simple as possible, but not simpler.
    --- Albert Einstein

  4. #4
    FEAR n GREED JBmurc's Avatar
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    Default BHP open up 5%

    mmmmmmmmmmmmmm...Was very close to taking a CFD long in BHP on close yesterday nice 100% profit if I had
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  5. #5
    Member Viking's Avatar
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    JBmurc, I was very temped to do the same, but was quite reserved since bleeding badly in the last few weeks~ hehehe...

    Well, that's more like it~ the market react little slower than us~ to be honest by the time we digested the report, didn't had that much time on hand to translate that into action either... :P
    Last edited by Viking; 23-08-2007 at 11:11 AM.
    Make everything as simple as possible, but not simpler.
    --- Albert Einstein

  6. #6
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    Thats funny I was also about to click the CFD buy button but BHP ceased trading at 1557 AEST before the announcement at 1600 AEST.

  7. #7
    Senior Member stevo1's Avatar
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    Wink

    ok bhp's profit could buy telecom contact fletcher building but obviously they are not going to .so with cash to burn and the stated intention of acquistion who are they going to buy any thoughts on possible takeover targets?

  8. #8
    FEAR n GREED JBmurc's Avatar
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    Default BHP takeover target

    JBM would be one -blue chip nickel company-cheap at current low nickel prices
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  9. #9
    Member Viking's Avatar
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    Quote Originally Posted by stevo1 View Post
    ok bhp's profit could buy telecom contact fletcher building but obviously they are not going to .so with cash to burn and the stated intention of acquistion who are they going to buy any thoughts on possible takeover targets?
    What about ADY? They could certainly add some Li into their portfolio~
    Or just add to their current Ni and buy MCR or JBM like JBmurc mentioned.

    Disc: Hold ADY/MCR
    Last edited by Viking; 23-08-2007 at 04:23 PM.
    Make everything as simple as possible, but not simpler.
    --- Albert Einstein

  10. #10
    Speedy Az winner69's Avatar
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    Hit the $40 mark .... good stuff

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