The biggest turnaround story in Australia

Livewire Exclusive

Livewire Markets

BHP has been an underperformer for over a decade now. Troy Angus, Head of Large Caps at Paradice Investment Management, says this has largely been due to “hideously bad capital management.” But with a new Chairman and a shift in management’s focus, could all this be changing?

“Management and the board have squandered an unprecedented commodity price boom via poor capital expenditure decisions. However, there’s a new Chairman, and management is coming around to the view that they need to preserve capital, not overinvest in uneconomic projects, and return that excess capital to shareholders.”

In the short video below, he explains why BHP is one of the largest positions in his portfolio.


1 stock mentioned

2 contributors mentioned

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter