BHP Billiton Share Discussion Threads

[idioterna] 25/8/2016 10:45

Yes, it hit $33 as I said it would before the end of August :) I'll not take another position until it is sub $29. But I won't invest for the rest of the cycle until it starts to make some dividend headway. This trading lark is very time consuming, far better to be at the beach or on the golf course.

[anley] 24/8/2016 09:40

News from the USA............

BHP Billiton is upgraded to Buy from Hold with a $33 price target, up from $28, at Jefferies, amid a "clearly improved" environment for mining fundamentals as well as company-specific factors.

Mining fundamentals have improved with demand stabilizing, a decline in supply, strengthening of balance sheets backed by free cash flow and asset sales, and inexpensive valuations, Jefferies says.

BHP is well positioned relative to most other miners, the firm says, as "a low cost producer with low geopolitical and operational risk and a relatively strong balance sheet."

Jefferies also says BHP's free cash flow is growing, with the company delivering significant reductions in unit costs and lowering its capex spending.

Good brokerage house but many of these mining shares have already done well.......

[arja] 20/8/2016 16:12

but as with RIO, BHP in USA is lead market and UK price follows US price from about 11.30am UK time each day

[arja] 20/8/2016 16:11

idioterna- good points you made . Chart still looks ok to me even with the slight dip om friday and 1200 seems to be the next resistance level .

[loganair] 18/8/2016 16:20

Final dividend is 14c per share, down from the Interim of 16c.

[idioterna] 18/8/2016 11:45

…and you are absolutely spot on there anley. With the progressive dividends gone I'm not all that keen on holding the stock anymore except for some range trading it defeats the object of being a steady investment, by my criteria at least.

[anley] 18/8/2016 10:46

Cash flow from Iron Ore and profits from oil leading to debt reduction and a new dividend policy with the market big boys endorsing the new policy.......

That is how I see it..........

[anley] 13/8/2016 09:46

Some interesting news............



The BHP Billiton and Vale Samarco joint venture is asking lenders to halt repayment demands until mining operations can resume following last year's tailings dam collapse, Bloomberg reports.

BHP and Vale approved funding for cleanup and compensation programs at Samarco and have extended credit to support operations, but the JV's debt is not guaranteed by its owners, and a standstill with banks would be a first step in restructuring the debt as Samarco works on restarting operations.

The mine was the world’s second-largest producer of iron ore pellets before the spill, generating more than $2B in annual profit; after earlier flagging a 2016 restart, the mine may not get new permits until late next year or 2018 amid regulatory scrutiny into the incident that was described as Brazil’s worst-ever environmental disaster.

[idioterna] 12/8/2016 09:24

The 6 month chart is the only one I've been following but if it breaks $32,42 then I'll have to look at a bigger picture. I'm still undecided on the progress because although China is steadily increasing it's consumption of raw materials (mostly infrastructure projects) one wonders how long the Chinese state can get away with this phenomenal spending spree. I give it until october before somebody notices. But the reality is a Chinese consumption of BLT production which is still doubling every decade, there really isn't an economic end in sight for the process but there might well be a planetary end. Until then BLT ill try to increase production just to satisfy Chinese demand. $60 looks like a fair price within 2 years.

[arja] 11/8/2016 21:33

chart for BLT looks interesting and in an uoptrend - maybe can get to £12 resistance level in next few weeks . But as with RIO, BHP in USA is lead market as you imply and BLT in UK follows it religiously from futures opening at about 11.30am

[idioterna] 08/8/2016 15:29

It's really difficult to work out how the charts work since Brexit. I'm having to completely ignore the charts at the top of the page and focus on the US pricing. Just the same it looks like a run at $32,40 is in the offing, that suggests another 3% before the August 16th update.

[anley] 08/8/2016 10:54

The market seems to think so.

[idioterna] 28/7/2016 13:45

…so basically the multi-billion $ claims are a non-starter :)

[anley] 28/7/2016 09:35

BHP Billiton has doubled its provisions for last year's Samarco mine disaster and will recognize another charge in the range of $1.1B-$1.3B, when it reports financial results next month.

This "demonstrates our support for the long-term recovery of the communities and environment affected by the Samarco tragedy," BHP's Andrew Mackenzie declared.

In a separate statement, joint operator Vale said it booked a $1.2B provision.

So there you have it!

[idioterna] 26/7/2016 12:02

True anley. But that 6 month chart is a screaming bounce. Surely a question of when and not if… unless miners are no longer cyclicals.

[anley] 21/7/2016 16:53

or more like a roller coaster ride..........

[idioterna] 20/7/2016 15:18

Looks like we should bounce from here…. IMHO

[my retirement fund] 20/7/2016 09:14

Cat got everyones tongues ?

[anley] 14/7/2016 14:58

NEWS......


BHP Billiton says production at its Samarco iron ore joint venture with Vale is unlikely to restart this year, as the clean-up continues following last year's fatal dam collapse at the mine.

BHP says Samarco's operations will restart only when it is safe to do so and when all regulatory approvals are granted.

BHP also says Samarco is in talks to cut its workforce by ~40% to match expected lower production levels.

Samarco has been closed since last November's tailings dam burst unleashed a mudflow that killed 19 people, left hundreds homeless and polluted a major river.

[idioterna] 13/7/2016 14:32

Looks like a $32 open on the NYSE. That $33 target is coming up fast. Looks like the Port Headland data is a strong signal as to half-yearly earnings. Surely room for a $1 dividend this autumn.

[zcaprd7] 12/7/2016 18:02

Wow. £10. That's when I starting building my position..

[idioterna] 12/7/2016 14:43

This might just see £12 this month. A long shot in june but given cable adjustments and the Port Headland figures, not impossible in time for options expiry.