Week 3: BHP and Santos confirm cash flow bonanza
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The third week of the August rush saw a wave of earnings updates from Australian corporates.  BHP was a genuine standout, with outstanding cash flow performance helping to support a pristine balance sheet despite still finding room for a stellar dividend which represented an 8.6% yield for the half and almost 16% for the full year (including franking).  Separately, Santos announced a tripling of profits and a near doubling of free cash flow, while Downer delivered a result largely in line with expectations. So why was the market's response so tepid to both results?  Brad Potter, Tyndall AM’s Head of Australian Equities, gives his take on these companies and more in the penultimate episode of the August 2022 4-Minute Monday podcast.
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