After a token attempt to restore operational stability through the demerger of South32 in May 2015, BHP’s operations have continued to slump to record lows. Similar to Rio Tinto, apart from reporting materially weak H1 FY16 (June-ending) results, the group also gave up on its long-held (unsustainable) progressive dividend policy. Record low profitability Apart from acute price pressure for BHP’s diverse basket of commodities (especially for iron ore and oil), lower copper (-6%), p
09 Mar 2016
Sayonara progressive dividends; need to focus on core strengths
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Sayonara progressive dividends; need to focus on core strengths
BHP Group Ltd (BHP:LON) | 2,293 -1628 (-3.0%) | Mkt Cap: 116,226m
- Published:
09 Mar 2016 -
Author:
Varun Sikka -
Pages:
4
After a token attempt to restore operational stability through the demerger of South32 in May 2015, BHP’s operations have continued to slump to record lows. Similar to Rio Tinto, apart from reporting materially weak H1 FY16 (June-ending) results, the group also gave up on its long-held (unsustainable) progressive dividend policy. Record low profitability Apart from acute price pressure for BHP’s diverse basket of commodities (especially for iron ore and oil), lower copper (-6%), p