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Reporting Season Preview: BHP and RIO

Adrian Prendergast

I gave a brief presentation to the Morgans network about the potential for both RIO and BHP to deliver a positive capital management surprise in their upcoming financial results in August.

In particular, I compare how much extra dividends RIO and BHP could comfortably afford to pay out over the next 12 months – with the results well above current consensus forecasts for dividends. This leaves us with the impression that both RIO and BHP are good value heading into this reporting season:

More information

Morgans clients can login to view our detailed report and share price target for BHP Billiton (BHP). Alternatively, please contact your nearest Morgans office for access.

Disclaimer(s): Analyst owns shares.

The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.