|Bid||25.95 x 1000000|
|Ask||25.96 x 100000|
|Day's range||25.89 - 26.25|
|52-week range||21.17 - 27.95|
|PE ratio (TTM)||23.51|
|Earnings date||23 Feb. 2017 - 1 Mar. 2017|
|Dividend & yield||0.57 (2.60%)|
|1y target est||21.88|
Since Elliott initiated a public conversation on BHP’s performance and opportunities to create value for all shareholders, BHP appears to have taken steps toward a smarter, more value-generative way of conducting business, and we support and encourage continued progress.
HONG KONG--(BUSINESSWIRE)-- May 16, 2017--Elliott today responded to the directors of BHP Billiton’s ‘do nothing’ approach to unlocking substantial additional value for its shareholders – reinforcing a call for shareholders worldwide to demand a halt to chronic underperformance at BHP. The response follows BHP’s swift dismissal of Elliott’s comprehensive Shareholder Value Unlock Plan proposals published on April 10, 2017, which offered a range of solutions to increase value and improve capital returns to shareholders. In documents released today, Elliott shows total shareholder returns at BHP have substantially underperformed Rio Tinto, a comparable portfolio, as well as the ASX 200, the FTSE 100 and the S&P 500 over the year to date and for the last two, three, four, five, six, seven and eight years.
Miner BHP Billiton on Monday announced it would drop the name Billiton in a re-branding exercise to build its standing as a major Australian company rather than a multinational giant. The world's biggest miner's Australian roots stretch back to the Broken Hill Proprietary Company which began operations in the Outback in 1885. It opened head offices in Melbourne the same year, but became BHP Billiton in a merger with the South African company that bore that name in 2001.