BHP cash returns still in the frame: Mackenzie

By Staff Reporter

According to the newspaper, BHP chief executive Andrew Mackenzie, who is on a global investor tour to sell the miner’s $10 billion-$15 billion divestment plan, will tell shareholders “it is only a matter of time” before the company increases returns.

Mr Mackenzie told The Australian from London that meetings with investors are going well and the company is getting positive feedback about its management and the divestment proposal. "But allied to that, they would say that if 'you are doing so well … we think that you are able to pay us more … surely we can have a bit more cash'," said Mr Mackenzie.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Read more here: Business Spectator


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