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BLT Bhp Billiton

1,573.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bhp Billiton LSE:BLT London Ordinary Share GB0000566504 ORD $0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,573.00 1,571.40 1,572.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

BHP Billiton Share Discussion Threads

Showing 12726 to 12747 of 13150 messages
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DateSubjectAuthorDiscuss
05/5/2016
13:51
…speaking of legal quagmires it would appear that not only is the president under impeachment and half the government under investigation, but now the speaker of the house (who led the Rouseff impeachment) has lost his position too. Everybody is suing everybody else and it is resulting in naught but one crisis after another. Vale is Brazil's biggest money-maker, shut them down and you might as well move to Chile. What a mess.
idioterna
04/5/2016
16:31
So if the new report "alleges that state and federal agencies failed to provide the oversight necessary to avoid such a disaster." It would indicate that the federal & state governments themselves now face an enormous chunk of that responsibility, i.e., there really isn't anything new except an interesting attempt by the prosecutor to sue the government too. Doesn't sound either worrying from a shareholder perspective, or particularly clever of the prosecutor. Yawn. But get panicked if you fancy, probably a few trading pools hoping for a repeat of the drop from winter. I should imagine "once bitten, twice shy" might catch up with them this time around though.
idioterna
04/5/2016
16:02
Mike van Dulken, head of research at Accendo Markets, said investors feared a repeat of the legal quagmire BP faced after the disastrous Gulf of Mexico oil spill in 2010 which took five years to settle.

‘The overnight news of a fresh legal challenge echoes that suffered repeatedly by BP and suggests that the March settlement between BHP, its domestic partner Vale and the Brazilian government was just the beginning of the road.

‘A silver lining at this early stage is the shares holding above the January rising support. Weakness perhaps limited by hopes that the claim has been inflated using BP as a precedent and that a smaller figure will ultimately be agreed,’ he said.

loganair
04/5/2016
15:51
I sold first thing. Will put the sale proceeds into RIO on a bad day.
Took 5k loss on Blt.

philo124
04/5/2016
15:47
Shares in BHP Billiton collapsed by as much as 6% in early trading this morning after news hit the wires last night that the company and its Brazilian partner, Vale are facing one of Brazil’s largest-ever civil lawsuits over the deadly dam collapse at their Samarco mine last year.
Samarco collapse

When the Samarco tailings dam collapsed last year, it unleashed a tsunami of waste-filled mud across two states killing at least 19 people and halted fresh water supplies for at least 260,000 people.

To their credit, both BHP and Vale acted quickly to initiate clean up efforts, something they later received praise for from Brazil’s government. In total, BHP and Vale had agreed to pay 12bn reals over 15 years to fund the clean-up and rebuilding of the areas affected by what authorities describe as Brazil’s biggest environmental disaster.

However, Brazilian prosecutors have now filed a 155bn reals or $44bn civil suit against Vale and BHP, challenging the previous agreement signed with Brazil’s federal and state governments.

The new suit is based on six months of research, includes more than 10,000 pages of technical reports and more than 200 claims related to ecological, economic and social damages. What’s more, the report alleges that state and federal agencies failed to provide the oversight necessary to avoid such a disaster.

Prosecutors are demanding that the parties at fault provide an initial payment of 7.8bn reals within 30 days and stated that the value of the damages claim was based on the clean-up costs of the comparable BP oil spill in the Gulf of Mexico in 2010.

A big problem

There’s no denying that the filing of this $44bn civil suit against the Samarco partners is a huge blow for BHP. The company’s shareholders now face months, or possibly even years of uncertainty as the company fights the allegations and as we saw with BP, even after several years of fighting in the courts, it’s likely that BHP will still be made to pay.

BHP is now haunted by uncertainty. The company has a potential $20bn liability on its hands, on top of the money it has already put aside to help fund clean up activities. Moreover, the company now faces a potential multi-year lawsuit, which any BP shareholder will tell you, is a taxing process for both the company and investor.

And if BHP is made to pay $20bn to claimants, the company’s balance sheet will come under considerable strain. At the end of BHP’s 2015 financial year, the company had $31bn in debt and only $6.7bn in cash, so any ruling against the company would likely mean asset sales, or if the prosecutors will allow it, a drawn out payment plan. If the company is forced to borrow to pay the proposed fine, the additional debt will cripple the company’s balance sheet, sending gross gearing from around 50% at the end of 2015, to a concerning 125%.

All in all, yesterday’s civil case filing is a huge blow for BHP.

loganair
04/5/2016
15:06
Posturing it is - I think we have pretty much covered all the angles on this thread and see no sign of anything new on the table. By the way, we are still in the upward channel and the $27,50 would see a nice higher low along the way. Just reinvested the dividend at $27,88
idioterna
04/5/2016
08:44
I am sure the foundation route will be accepted this demand for $44 billion is posturing to get BLT and Vale to add a few more friends of politicians on the foundation board a few more noses in the trough.
Very little of the cash will be spent on clean ups it will disappear into politicians pockets.

wskill
04/5/2016
06:54
Bloody hell.
philo124
04/5/2016
04:07
Looking at chart low 7's possible, but if it got to the 6.72 that Sanksy (Elsworth??) mentions, I would certainly come back in.
crt131
04/5/2016
02:00
slightly overvalued or fairly valued. 810p is what it's worth a/c to my calculation. but negative sentiment may drag it much lower. given too much uncertainty, i'll leave a good margin and only consider buying sub 600p. still this is way better valued than many of its peers such as rio, aal, glen, vale etc. so if you want to go long blt, I think you should consider shorting more indebted ones such as vale or rio or glen as a hedge.
madoff with cash
03/5/2016
18:58
Actually looks like a back-test within the upward channel to me. For an optomistic lower buy price I'd target $27,50 but if it goes back to $30 this week I'd say the gap has been filled and you should be looking in the opposite direction.
idioterna
03/5/2016
16:54
Is it fair to say this is now temporarily shagged...hence a price
target of £6.72 should be achievable.

Sensible comments appreciated
Sanksalot

sanks
27/4/2016
15:38
For debate...............


The World Bank upwardly revises its iron ore price forecast for the five years through 2020 after the commodity rallied in Q1 on a surge in steel prices in China.

The bank now sees iron ore at $50/metric ton this year, $51.50 in 2017 and extending gains to $56.20 by 2020, vs. its January outlook for $42/metric ton this year, $44.10 in 2017 and $51 by 2020.

While raising its price forecasts, the World Bank still expects supplies will continue to increase, saying "Significant volumes of low-cost capacity are expected over the next 2-3 years, while high-cost capacity is being shut down. Further closure of high-cost capacity is required to balance the market.”

anley
22/4/2016
14:34
Hi Goldpig,

I'll be annoyed if the dividend doesn't get over $1 (ADRs) this autumn, particularly if there are no significant acquisitions. The only reason they slashed the divi was the bleak commodity price situation and an interest in potential bolt-on acquisitions. Given that commodities have nigh on doubled since the lows the dividend cut looks seriously over done - one might even say that management payed far too much attention to the investment banks analyst outlooks than too reality and their own experience.

idioterna
22/4/2016
11:46
Hi Idioterna,

I sold out yesterday on the spike up over £10 a share. I suspect many shorts have recently been closed, but the near term outlook just looks too uncertain. I took a small loss, but will keep an eye on BLT in case any good buying opportunities occur.

Your 2020 $60 target looks interesting, but the dividend outlook over the next couple of years doesn't look great.

Goldpig

goldpiguk
21/4/2016
14:51
It hasn't held £10 today but if it holds $30 in the US this week it'll see $40 before the end of the summer … imho. I find it too stressful to set short term trading targets, but I'm a buyer below $30 and have a target of $60 by 2020, but mostly I'm here for the dividends so the share price is somewhat irrelevant once they reinstate a proper dividend. The stock price will bounce around but that's why they should focus on dividends whatever the investment bankers say - roll on the October divi where I expect a serious reward for holding through the chaos and fear.
idioterna
20/4/2016
15:58
Greed took over I cancelled my limit sell 993p just as it was about to strike.

Got to just over £10 (mid price) so I might wait to see if it can stay above £10, put in a limit sell of 1093p just in case there is a spike up, not expecting it to reach it this summer

robertfaulkner
20/4/2016
15:48
£10 at last.
philo124
20/4/2016
15:48
..interesting post that Logan, it explains the recent turnaround in China vis a vis steel exports to Europe. They may well have been planning this for a while and indeed could explain why depressed prices have had little affect on demand, probably why they have been bunkering up for a few years. Chinese don't do things by halves.

This rally could continue for a while yet then. $40 anyone?

idioterna
20/4/2016
12:12
Read VSA Capital's note on BHP BILLITON, out this morning, by visiting hxxps://www.research-tree.com/company/GB0000566504
"released disappointing production results for FY Q3 2016. Production across all major commodities is down versus 9mo15. Petroleum production of 184.1mmboe YTD was down 4% YoY. Copper production of 1.2mt YTD was down 8% YoY although quarterly production at Escondida of 260kt was up strongly 18% QoQ albeit 23% lower YoY as higher throughput offset continuing grade weakness. Guidance for copper production is unchanged.
YTD iron ore production of 171mt was down marginally by 1% YoY although quarterly production of 53mt was down 7% QoQ and 10% YoY. The full impact of the Samarco closure was felt in the quarter which offset stronger performance at the Australian operations. Iron ore guidance was cut by..."

thomasthetank1
20/4/2016
10:55
SP Angel:

China – ramping up of city infrastructure projects:

• We understand china is preparing to ramp up its next phase of city infrastructure projects including a number of MTRs Mass Transport Systems
• Comments made by the head of MOFCOM, ‘Ministry of Commerce People's Republic of China’ indicate that China will have enormous demand for steel for their next stage of city infrastructure. Eg for MTRs and tunnelling.
• The implication is that China will have enormous demand for steel, copper and other metals
• Maybe this is why Chinese traders have been stocking up on copper and other metals.
• We are watching Chinese inventory levels closely to see how this metal is being drawn down.
• China may have realised that the conversion to a model driven by greater domestic consumption model will take time and are wary of global and domestic instability.

Iron ore prices jump to US$61.92/t vs US$57.0/t

• As if to prove the point we make above, copper and iron ore prices have jumped overnight.

loganair
20/4/2016
08:00
RNS out today, looks good but they always do


BHP BILLITON OPERATIONAL REVIEW

FOR THE NINE MONTHS ENDED 31 MARCH 2016



· On track to deliver an average unit cost improvement of 14% across our major assets(1) as productivity gains continue to be realised.

· Full year production guidance maintained for Petroleum, Copper and Coal.

· Guidance at Western Australia Iron Ore (WAIO) reduced by 10 Mt to approximately 260 Mt (100% basis) as a result of adverse weather and the initiation of an accelerated rail network maintenance program.

· In Petroleum, a US$640 million exploration program is now planned for the 2016 financial year to fund additional access and testing of our future growth opportunities.

· Four major projects under development are tracking to plan. The Escondida Bioleach Pad Extension project was completed as planned during the March 2016 quarter.

robertfaulkner
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