BHP - Astonishing result

[Bobdn]

BHP is a long term hold for me. I'm guessing that one day electric cars are going to be huge (EVs use three times the amount of copper than a petrol car) and I believe that coal fired power stations will still be charging many of these cars 20 years from now. Coal's death has been greatly exaggerated. The day to day movement of the share price therefore is not something that greatly concerns me.

Still, I can't believe the price has dropped over 3% since the announcement of the monster dividend. This is why I could never be a trader. I'd call it wrong every time.

[Joshuatree]

$10.8 billion, looks like another big div/ return for investors
Sale of Onshore US Assets 4 pages 87.1KB

[Bobdn]

$10.8 billion, looks like another big div/ return for investors
Sale of Onshore US Assets 4 pages 87.1KB

Yes exciting stuff. Apparently the entry into shale has cost BHP $20B! Wow, talk about the destruction of shareholder wealth. I got into BHP in November 2015 so I guess I get the benefit of the sale without the loss Just dumb luck like all my investing.

[Bobdn]

Omg OZL is up 100% over the last year I see. Nice work.

I think I'll sell BHP if it ever gets over $30.

Post from 2016.

I changed my mind Might keep these until the bitter end.

[Bobdn]

Even in these dark days, BHP just keeps on delivering. Sometimes it pays to just keep it simple and invest in a blue chip...

https://www.smh.com.au/business/comp...17-p50mnp.html

[kiora]

Even in these dark days, BHP just keeps on delivering. Sometimes it pays to just keep it simple and invest in a blue chip...

https://www.smh.com.au/business/comp...17-p50mnp.html

I concur.Bluechips will be the first to recover in any future rally

[wizAlvin]

ASZ 2019 competition closing in few hours

[Bobdn]

I just sold the last of my BHP today. Special dividend appeared in my account this morning and there was a nice increase in the the share price today. I'll bank the proceeds and think about what next. No hurry.

I have a managed fund that has a chunk of BHP and hold a tiny amount of S32 and Rio directly. That's enough mining sector exposure for me.

[HanSolo]

@Bobdn what happened to keeping them to the bitter end ?

Jokes aside I only have a small exposure to mining stocks.Still waiting for the China slowdown to hit the mining sector like everyone keeps telling me so I can pick up some bargains.

[Bobdn]

A good question! I don't have as much courage as I used to