09/10/2025 09:16

BHP Group (BHP) $41.89

The “Big Australian” has started to play some performance catch up over recent months although its been a laggard of late as it arm wrestles with Beijing around future contracts and pricing. With iron ore continuing to look comfortable above $US100/mt and copper nudging new all-time highs, we believe broker upgrades are a matter of time, with its 4% fully franked yield a bonus, i.e. we like BHP for growth and yield.

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02/10/2025 09:31

BHP Group (BHP) $41.47

BHP and China are negotiating around the price of contract renewals. China needs BHP’s ore, and BHP needs to sell it to them,  so we expect a resolution in the next week or so, hopefully it doesn’t squeeze BHP too hard.

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11/09/2025 09:24

BHP Group Ltd (BHP) $40.46

BHP has retreated 6.6% from its late August high, a deeper pullback than the index's 3.6% retreat. However, the “Big Australian” has also paid a 60c fully franked dividend, reducing the short-term underperformance to just 1%.

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19/08/2025 17:54

BHP Group (BHP) $42.12

BHP +1.57%: Delivered FY25 results broadly in line with consensus, with dividends surprising to the upside despite softer earnings.

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14/08/2025 09:34

BHP Group Ltd (BHP) $41.73

BHP has been relatively unloved for much of this year, but as iron ore holds above $100/MT, begrudging upgrades are likely to be lurking in the wings - it advanced +1.1% on Wednesday.

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22/07/2025 09:19

BHP Group (BHP) v Commonwealth Bank (CBA)

The outperformance by CBA over BHP has been dramatic over the last 18 months, but it's started to snap back since late June: BHP has rallied +14% while CBA has fallen 8%, a more than 20% relative move, and we are looking for more of the same over the coming weeks/months:

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18/07/2025 17:14

BHP Group (BHP) $40.29

BHP +3.03%: Finished FY25 with strong JunQ production with copper, iron ore, and coal beating expectations, net debt was better than expected and FY26 production guidance was flat. The negative was the start date for Jansen was pushed back to mid CY27 with capex up materially and stage 2 potentially to be pushed out. Jansen is set to become one of the world’s largest underground potash mines, with a potential full-life capacity of 16–17 Mtpa by the 2030s, however, it’s proving more costly and more complex than originally thought.

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18/06/2025 09:53

Active Growth Portfolio – Amendments

We are making 3 changes to the Active Growth Portfolio today

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21/05/2025 09:27

Is it right to be holding BHP in the Income Portfolio?

Portfolio construction is about holding a collection of positions/earnings streams at sensible weights to meet the specific goals of a particular strategy.

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08/05/2025 09:24

BHP Group Ltd (BHP) $37.93

BHP is down around 4% in 2025, slightly underperforming the ASX200, which is up +0.2%. The world's largest miner depends on China's economy, with over 60% of its revenue coming from the world's second-largest economy in FY24.

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