BHP Group unified its share structure in January 2022, simplifying its corporate structure by consolidating its dual-listed company on the Australian Securities Exchange (ASX). Shareholders of BHP Plc (UK-listed) received BHP Limited (ASX) shares at a 1:1 exchange ratio. The strategic benefits to BHP included more efficient capital management, more uncomplicated M&A activity, and lower administrative costs.
Initially, BHP’s London-listed shares dropped as UK investors sold their holdings due to index removals, while on the ASX, BHP’s weighting in the S&P/ASX 200 increased, attracting more Australian institutional investment. However, a glance at the BHP chart reveals that it had little impact on the stock in the broader context.
- We are looking for BHP to test the $45 in 2025/6 and own the stock in our Active Income and Active Growth Portfolios.
- At this stage, we prefer BHP over RIO due to its resource mix, including higher copper revenue plus the lack of uncertainty around dual listing.
MM is long and bullish BHP
Add To Hit List
