We expect the focus of reporting season to be the three Cs cost pressures, capital expenditure, and cash returns, UBS said.
With balance sheet repairs largely complete, questions are increasingly being raised as to if M&A activities are close. We feel that given the increase in commodity prices is not a function of an increase in demand, the miners will not rush into spending big on capital, rather they will follow the Rio touted value over volume mantra, UBS said.
Mr Lawcock told Fairfax Media that BHP would deliver a strong result and a strong dividend, adding that UBS was not expecting a share buyback to be announced by the Big Australian.
Its a good, strong, solid result, and I would say it continues the journey. BHPs on a journey, eve…
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