BHP - Astonishing result

[Viking]

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?

[shasta]

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?

[Viking]

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!

[JBmurc]

mmmmmmmmmmmmmm...Was very close to taking a CFD long in BHP on close yesterday nice 100% profit if I had

[Viking]

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

[Hoags]

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.

[stevo1]

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?

[younga2]

Couldn't believe my eyes when came home... thru the $40 mark - let's see if it pushes thru $41 tommorrow. With the rate cut, it should be bullish more.

[younga2]

BHP has gone berserk ... tried to get some when they hit $42.10 - ended up getting some at $42.90 ... I heard they had fuond a new gold resource at the olympic dam - the biggest of it's kind... anyone on this one with me??

[georgeofthejungle]

BHP has gone berserk ... tried to get some when they hit $42.10 - ended up getting some at $42.90 ... I heard they had fuond a new gold resource at the olympic dam - the biggest of it's kind... anyone on this one with me??

I'm on board this and enjoying the ride! Apparently all will be revealed on Wednesday...hopefully not a case of buy on the rumour and sell on the fact.