Posts tagged as:

bhp billiton

Australia’s Most Expensive Funds Management Business

by Kris Sayce on November 18, 2008

This morning we have a quick quiz for you. Don’t worry, answers are provided below.

Question 1. What do you get when you own shares in BHP Billiton?

Question 2. What do you get when you own shares in Woolworths?

Question 3. What do you get when you own shares in Qantas?

Answers, in order are - a mining company, a supermarket company, and an airline.

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Gold Medal Winning Results for BHP Billiton

by Kris Sayce on August 19, 2008

There isn’t much to dislike in BHP Billiton’s [ASX:BHP] full year results. The tale of the tape shows 8 of its 10 business sectors increasing revenues – most with double digit percentage gains, and earnings (EBIT) increasing in five of the 10 sectors, with two of those sectors returning triple digit percentage gains. [http://www.independent.co.uk/news/business/news/chinas-demand-helps-bhp-to-record-profits-901902.html]

Iron ore revenues were up by 71% and EBIT up 70%. Petroleum revenues and EBIT increased by 62% and 82% respectively. While manganese revenues increased by 134% which was dwarfed by the increase in EBIT of 549%. Why such a big increase for manganese? We’ll take a look below.

Despite the good results and the fact that BHP beat consensus analysts’ estimates, the share price traded lower in early market activity, which isn’t a complete surprise seeing as the share price has had close to a 10% rally during the last week.

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