BHP Billiton witnessed operating improvements during H1 FY18, however, the extent of recovery was somewhat disappointing – especially compared with Rio Tinto. Apart from too much earnings dependency on iron ore (and coal), the situation has been aggravated by oil’s prolonged underperformance. While copper did recover materially, its woes haven’t subsided completely. Constant pressure from Elliott and uncertainty over Samarco are the other risk factors, which collectively lim
21 Feb 2018
H1 results not as good (as Rio Tinto)
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H1 results not as good (as Rio Tinto)
BHP Group Ltd (BHP:LON) | 2,278 0 0.0% | Mkt Cap: 115,479m
- Published:
21 Feb 2018 -
Author:
Varun Sikka -
Pages:
4
BHP Billiton witnessed operating improvements during H1 FY18, however, the extent of recovery was somewhat disappointing – especially compared with Rio Tinto. Apart from too much earnings dependency on iron ore (and coal), the situation has been aggravated by oil’s prolonged underperformance. While copper did recover materially, its woes haven’t subsided completely. Constant pressure from Elliott and uncertainty over Samarco are the other risk factors, which collectively lim