BHP Billiton responded to activist
investor Elliott Advisors’ latest valuecreation
suggestions with a 25% jump
in underlying FY18 half-year profit to
$4.05 billion, a 38%
higher dividend YOY
of $0.55 a share and accelerated plans
to sell US shale assets, for which CEO
Andrew Mackenzie expects to receive
bids by mid-year.
He also said BHP's free cash flow
during FY18’s H1 of $4.9 billion was
used to pay down debt as well as fund the
higher dividend.
Elliott had commissioned a report
claiming BHP could save $22 billion by
uniting......
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