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
  +4.50p +0.37% 1,221.00p 1,219.00p 1,219.50p 1,231.00p 1,213.00p 1,222.50p 6,997,459 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 23,258.8 -5,461.8 -90.3 - 25,788.40

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Date Time Title Posts
20/10/201608:57bacon lettuce and tomato12,578
30/8/201623:57Analysts' View on BHP Billiton (BLT)-
22/6/201609:36BHP BILLITON155
16/11/201515:44BHP BILLITON(overvalued and heading for Ј6)key shareholders DUMPING STOCK113
08/10/201410:21BHP will try to crowd the marginal producers out-

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Bhp Billiton (BLT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
21/10/2016 17:11:561,221.991,50018,329.92NT
21/10/2016 17:08:121,223.7719,993244,669.14NT
21/10/2016 17:01:321,222.962,93735,918.30NT
21/10/2016 16:55:511,219.558,281100,991.30NT
21/10/2016 16:52:001,220.135456,649.69NT
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Bhp Billiton Daily Update: Bhp Billiton is listed in the Mining sector of the London Stock Exchange with ticker BLT. The last closing price for Bhp Billiton was 1,216.50p.
Bhp Billiton has a 4 week average price of 1,184.80p and a 12 week average price of 1,075.21p.
The 1 year high share price is 1,279.50p while the 1 year low share price is currently 571.60p.
There are currently 2,112,071,796 shares in issue and the average daily traded volume is 10,252,377 shares. The market capitalisation of Bhp Billiton is £25,788,396,629.16.
loganair: Now Is The Time To Reconsider BHP Billiton by Ivory Wolf: Summary BHP Billiton has been at the center of much controversy in recent times with the downward spiral of commodity prices, alongside the death of 19 people at the Samarco mine. Now is the time to strongly reconsider a medium-to-long-term investment proposition in this company for a number of reasons. BHP Billiton pays a dividend yield of 1.78%, has a manageable debt-to-equity ratio, and possesses a healthy cash flow to "weather the storm" of relatively low commodity prices. The opportunity presented provides a direct prospect of asymmetric risk/reward with a risk-reward ratio of 2.97, with a clearly defined exit stop loss for BHP Billiton in underlying Australian share ownership. Context - Why does this opportunity exist? Why is the stock underpriced? I firmly believe that this is the time to strongly reconsider a medium-to-long-term investment proposition in this company for a number of reasons. Firstly, BHP Billiton is well renowned as a diversified mining company that spreads its exposure to multiple markets and commodities, which is particularly important in the light of current and upcoming events, including the volatile gold and silver markets, as well as the Brexit issues, U.S. Presidential Election, and looming (yet inevitable) interest rate hikes that are speculated towards the end of the year by the U.S. Federal Reserve, all of which are creating increasing uncertainty with each passing day throughout the markets and within the minds of investors, both institutional and individual alike. However, it cannot be ignored that the share price performance of BHP Billiton has been stellar over the past month, in particular, whilst the overall S&P index has essentially tracked sideways to negative, even amongst increased uncertainty in the markets and recent market turmoil. I expect that this will continue as investors search for a "safe haven" for active investment (as an alternative for bonds) to place their hard earned money over the next year. In addition, BHP Billiton is considered a darling "blue chip" Australian stock that is favored strongly by Australian superannuation companies, so I expect that any positive trends in the share price performance will be viewed quite fondly by active managers of such companies who are required to invest their client's funds in the share market and are actively hunting for growth. From a technical analysis perspective, since the share price had been observed plunging to multi-year lows in January 2016 by the markets for all BHP listings, the company's share price performance has leveled out for the past nine months (Figure 1). It appears that the market's natural tendency of a "short memory" with respect to the Samarco mine tragedy, the recent rising trend in commodity prices such as crude oil and metallurgic coal, and a technical analysis breakout which is currently occurring, indicates that buyer's interest is re-emerging once again. On a fundamental analysis perspective, BHP Billiton has improving foundations of strength and pays a moderate dividend yield of 1.78%. BHP Billiton's balance sheet possesses a manageable debt-to-equity ratio of 67.1% and a healthy cash flow of A$2.74 per share (which, according to the Health Ranking Model, is below the benchmark 75% for debt-to-equity, and indicates that BHP Billiton has enough cash to cover 3 years' worth of negative cash flows, respectively. These strengths in BHP Billiton's balance sheet are useful in order to "weather the storm" of relatively low commodity prices (compared to historically higher prices) in the face of BHP Billiton's current Earnings Per Share [EPS] of -$1.57, with long-term 5-year EPS growth of -117.2%, which is well below the Intelligent Investor Value Model's benchmark of 30%. With the investigation of the Samarco mine disaster now complete, and commodity prices now trending upwards, I believe that investors are finally starting to see the true value in BHP Billiton and that all of these factors combined are changing investor perception and driving the catalyst for change. Friday's close is still a far cry short of BHP Billiton's 2015 high of $31.07, which is a reasonable target for the company's share price considering worldwide underlying fundamental demand for commodities. Looking forward, it is well renowned that Australia's mining industry has been slowing down over the past number of years, but BHP Billiton has the reputation for diversification in order to overcome such slow downs, which could see BHP emerge well on top of its competitors in the mining space. I expect the same can also be said about the upcoming Brexit issues which are expected to be reaching a pinnacle by March 2017 based upon recent news commentary, which will be particularly interesting to observe with respect to how BHP Billiton's company performance will compare to others such as Rio Tinto and Glencore- Although the announcement of the company's first dividend cut in almost thirty years would have been disappointing to shareholders in the first instance, I'm personally impressed that this was accompanied by an abandonment of payout policy/capital spending, which shows that management is committed to long-term development and restructuring of the internal mechanics in keeping the company running smoothly and profitably. In addition, as alluded to earlier in this article, the company is showing incredible resilience with respect to its share price performance in recent times, even when faced with a number of issues from a variety of sources - volatile gold and silver markets, Brexit issues, the U.S. Presidential Election, and looming interest rate hikes. I believe that all these factors combined are true positives for the company and set to increase investor sentiment and BHP Billiton's reputation further, which should be a catalyst for share price appreciation in the future and a great medium-to-long-term investment proposition in this company. Time frame - Is this a multi-year play, or a short-term opportunity? It would not be unreasonable to expect a time frame of six to eight months for a steady rate of return once more. This time frame appears to be more aggressive compared to that provided by Stoxline, which currently projects a six-month target of A$26.34 and a one-year target of A$30.76 in the underlying Australian share price for BHP Billiton. As individual investors, we aren't fully aware of the intricate underlying details "behind closed doors", so it is important to be mindful of anything that just doesn't "feel right" within the financial and technical analyses that you observe. Know your risks, know what's available, and if you don't understand it, don't get involved (or close out of your position). Remain in control - after all, it's your hard earned money that you're working with, isn't it? In relation to this particular trade in BHP Billiton, the underlying Australian share price movement is already heading in the right direction (up). The first test that the underlying Australian share price will face is the resistance point at A$25.88, which was the swing high formed on 01 September 2015. Should the test of this resistance fail on the first attempt, don't despair, the trade as a whole will not fail unless the support level of A$19.69 is breached (i.e. a close in the underlying share price forms below this point). This provides plenty of "wiggle-room" for the share price to "move".
loganair: By Robert Stephens - Having fallen by 38% in 2015, BHP Billiton has made a strong comeback in 2016. Its shares have risen by 29% year-to-date to above $23. That’s ahead of resources peers Rio Tinto and Woodside Petroleum. They are up by 16% and 2% respectively in 2016. But in my view, BHP Billiton could endure a difficult period over the medium term. Bearish forecasts. A key reason for BHP’s uncertain future is a bearish outlook for iron ore. The steelmaking ingredient hit a high of over US$60 per tonne this year but has since pulled back to below US$55 per tonne. This is despite China’s imports of iron ore increasing in September to 82.5 million tonnes. That’s 2.5% higher than August’s level and shows there is little sign of a slowdown in demand from the world’s largest importer of iron ore. However, the iron ore price is likely to fall as China trims its steel market overcapacity. Alongside restrictions on the property market, this should cause demand for steel (and iron ore) to fall. In tandem with demand side challenges, iron ore is set to experience a rise in supply in 2017 and 2018. The world’s largest iron ore producer, Vale, is on track to commence production from its S11D project in January. This could see an additional 90 million metric tons of iron ore shipped per year. Further, the Roy Hill mine is expected to add 56 million tons to global supply. This mix of reduced demand and increased supply of iron ore could cause BHP Billiton’s financial performance to worsen. Diversity: One of BHP’s main appeals versus its resources peers is its diversity. However, the outlook for oil means that diversity may not reduce BHP’s overall risk profile. Even though OPEC has agreed to cut production by upwards of 700,000 barrels of oil per day (bopd), the details of the agreement have not been finalised. While the price of oil may be supported until the end of November, there is the potential for a fall if OPEC cannot decide which members will cut production and by how much. Similarly, the outlook for the copper price is so bearish that the world’s largest copper miner, Codelco, has cut its investment programme. Its 5-year US$25 billion investment plans have been reduced by a further US$2.25 billion. Codelco has called the current copper price outlook as the worst crisis since the company was created in 1976. In my view, further price falls cannot be ruled out and they would hurt BHP’s financial performance. Looking ahead: As well as a challenging outlook for BHP’s three main divisions (iron ore, oil and copper), the company’s shares lack a margin of safety. BHP sports a P/E ratio of 27 using the 2017 financial year’s forecasts. This compares to a P/E for the materials sector of 12.6. Therefore, I believe that BHP’s share price gains thus far in 2016 are unlikely to be repeated in future.
anley: If there is a world glut of steel - and there is - then at some point the Chinese will stop IO imports. When that happens the price of IO will go down and that will impact on the cash flow and subsequent profitability for BLT. Simple economics and that is why the BLT share price is drooping nearly every day...........
loganair: Jefferies downgraded miner BHP Billiton to 'hold' from 'buy', as it argued that commodity prices are set to decline. It pointed out that even after Tuesday's "carnage", the share price is still above its 800p target price as commodity prices have been stronger than expected, sentiment on mining has improved, and shorts have covered. "While the Chinese demand outlook may be slightly better than it was two months ago and more metals-intensive stimulus may be coming, our analysis indicates that most commodity prices will go lower in the near term," Jefferies said. It said the recent strength in prices of iron ore, copper and other mined commodities will at least partially reverse over the next three to six months. As far as iron ore is concerned, supply growth from Roy Hill and a seasonal increase in supply following what have been typical weather-related supply disruptions should pressure the price, especially if demand stays weak, Jefferies said. It expects the iron ore price to fall to below $40/t this summer from current spot of $64/t. As for copper, it said a wave of supply growth should more than offset any improvement in demand and push prices lower. "Based on our commodity price forecasts rather than current, higher spot prices, BHP's valuation is stretched," Jefferies said. "In addition to a fairly expensive valuation (on our estimates) and the likely negative momentum of lower commodity prices in the near term, there are also still questions regarding BHP's recently announced strategic overhaul, which includes major changes to divisional management and a regrouping of segments." Analysts at investment bank Goldman Sachs appear to agree. They suggest that the iron ore rally would prove temporary while it also reiterated that oil prices would fluctuate between US$20 and US$40 a barrel. Brent oil was sitting at US$39.80 overnight, suggesting it could be nearing its highest point based on Goldman Sachs’ estimates. What’s more, the Goldman Sachs analysts have also suggested that copper prices are set to fall. Together with iron ore and petroleum (as well as coal), copper is one of BHP’s most important commodities so this would not bode well for the miner. And the bad news is, we see little prospect of these businesses being turned around given general trends in the global economy. After all, the one thing you don’t do is fight a trend. The commodities supercycle has ended decisively, and we expect the price of minerals and metals such as iron ore to continue to fall. In the 1990s, the iron ore price used to sit at around $10 per dry metric ton, roughly a quarter of where it is now. Thus share prices in this sector will continue to be eroded. There will be no dramatic rebound to this rout. What does the future holds for mining companies, "the worst is yet to come."
loganair: BHP Billiton expected to cut dividend payouts to investors amid commodity rout - By business reporter Sue Lannin. The world's biggest miner is under pressure to slash dividend payouts to investors when it releases its half-year results later this month, as the price of resources like iron ore and oil plummet. Falling commodity prices, multi-billion-dollar write-downs and the mine disaster in Brazil have crunched BHP Billiton's share price and earnings. Resources analyst, David Lennox, said BHP is expected to post a loss for the first half of the 2016 financial year. "They will report a loss primarily on the back of the fact that they will have to write-down and the company has already flagged impairment charges against their assets," Mr Lennox told The Business. "So we are expecting earnings to come in at zero to minus $250 million for the half year result." BHP warned to get rid of current dividend policy: Giuliano Sala Tenna, investment adviser at Bell Potter Securities, said BHP should get rid of the policy. "I think it confirms what a lot of market commentators have been saying for a long time now that it's a little bit foolhardy for BHP to be blindly wedded to a progressive dividend policy when clearly the earnings are under a lot of pressure," Mr Sala Tenna told The Business. Last year the big miner paid out $US6.6 billion in dividends. It made $US1.9 billion in net profit in 2015, down nearly 90 per cent from 2014. Aberdeen Asset Management is BHP's second biggest investor in Australia and it believes the progressive dividend policy is unsustainable. Aberdeen's head of Asia Pacific Credit Research, John Manning, said he expected BHP to halve interim dividend payouts from $US0.62 to $US0.31. "What they need to do is make the future distributions more sustainable," Mr Manning said. "That, in our mind, moves it away from a progressive toward a percentage payout ratio, something along the lines of a percentage of free cashflow." But Matthew Haupt, portfolio manager at Wilson Asset Management, said the loss of the progressive dividend would be a blow for mum and dad investors. "Retail investors like dividends so I think if BHP cut their progressive dividend it [will] definitely send a signal to the retail investor about the future income from this company," Mr Haupt said. At the last November annual general meeting BHP chairman Jac Nasser refused to guarantee the progressive dividend policy as the company faced a barrage of questions from the media. Mr Lennox thinks the miner will not cut dividends until its annual results are released in August. He said no dividend cut could mean BHP would have to rely on debt to pay dividends to investors. "There is no doubt if they do borrow heavily or borrow more to actually pay out a current dividend rather than perhaps use money to focus on growth then you would expect the credit ratings [agencies] would look at downgrading them a little further," Mr Lennox said. Mr Haupt thinks BHP will not cut its dividend until later in the year at the annual results, even if that means another credit ratings downgrade. "Even if they cut the dividend by 50 per cent so they will still be pushing along the bottom end of the S&P range so there is a definite possibility the rating gets cut to A- after the result," Mr Haupt said. Mr Manning wants to see BHP Billiton take urgent action to keep its A credit rating by cutting dividends and capital spending. "The cards have laid on the table by the ratings agencies. Now is the time for management to step up to the table and to act," Mr Manning said. More pain predicted for share price: BHP Billiton's woes have seen its share price drop by half over the past year to a low of $14.06. Barclays predicts the share price could fall to $10.50. Mr Haupt said Wilson Asset Management would be prepared to buy BHP shares if the price fell below $10. "Under $10 you would definitely have to have a look at it because the company produces quite a bit of cash and I think the underlying assets are of acquired value," Mr Haupt said. Mr Sala Tenna said there are more risks for BHP if the resources rout continues. "BHP does have leverage to the energy markets so if we see a recovery in those prices that would signal a short term trough in their share price, but certainly the outlook for iron ore and copper looks fairly challenged over the next 12 months," Mr Sala Tenna said. Despite the challenges, Mr Manning says Aberdeen Asset Management plans to keep investing in BHP Billiton. "They are in our minds one of the strongest mining companies globally so they are very well positioned if we do go into a sustained downturn," he said.
loganair: By Kevin Godbold - A year ago, many were attracted to the big mining firms because of high dividend yields and low forward price-to- earnings ratios. BHP Billiton, Rio Tint and Anglo American looked attractive on traditional valuation measures. However, I was bearish on the firms and explained why in an article published on 12 January 2015. Today, with the shares of those firms much lower than they were a year ago, I’m still bearish and think it’s too soon to revisit the sector. The crucial ‘buy’ signal is missing today, just as it was a year ago. What signal? The thrust of my article last year was that it’s better to think of the miners as cyclical firms through-and-through. What their businesses produce has low differentiation and little added value. As such, the commodity companies have almost no pricing power. The problem with cyclical firms for investors is that valuation indicators tend to present upside down. The big miners can look the most attractive on valuation grounds just at the point when they’re the most dangerous – just before the next profit and share price collapse, as we’ve seen lately. It’s therefore risky to justify an investment through the lens of traditional value or income measures. Instead, it makes sense to me to wait for the signal of momentum before buying. At the very least, I want to see flatlining charts for the big miners’ share prices and for the underlying commodities that they produce. Ideally, the charts will be turning up, providing evidence that the bottom of the fall in prices might already have occurred. Beware false signals: I would argue now that a return to the big miners is an investment decision that has no urgency. I’m not expecting the miners to snap back up fast, so I’ll look for evidence of a turn in the commodity markets over months, perhaps even years, rather than weeks. I was wrong, for example, to wonder whether it was time to buy the miners in a second article published on 4 February 2015. That was a false signal, although I did urge caution even in that article. Fortunately, despite wondering whether the time was right, I didn’t buy any miners’ shares in February last year. When I look at the share price charts today of miners such as BHP Billiton, Rio Tinto and Anglo American, and at the price charts for commodities such as iron ore, oil and copper, I still see a downtrend over a one-year period. To me, that means the crucial ‘buy’ signal for the mining companies is still missing, just as it was a year ago. When it comes to investing in the big mining companies, I think it seems likely that the best strategy from here is one of slothfulness. Even then, I would argue, the big miners are for trading to try to catch the upturn after a cyclical bottom.
loganair: orinocor - Depends whether one is looking short or long term. In my good opinion, long term I'd plump for BLT as it is one of the lowest cost miners of the commodities it mines and therefore when the prices begin to pick up again there is a greater likelihood of BLT share price gaining more than RIO with also a higher dividend yield, going forward long term. I am a new investor into BLT and invested knowing there is a good probability of BLT dividend being cut by up to 50%, any thing less will be just an added bonus. Coal, one of the 4 main comedies BLT mines - India has announced the building of 30 coal fired power station to increase electricity generation 4 fold. 'India imports 18.9 million mt coal in December, up 11% on month.'
loganair: By Harvey Jones - Anglo American was going to have to cut its dividend sooner or later, so it’s better it acted sooner rather than let the uncertainty drag on into next year. Unfortunately, all it has done is sharpen the focus on those FTSE 100 mining giants that have yet to cut their dividends, BHP Billiton and Rio Tinto. Cuts, cuts, cuts Rather than the end of the story, this is beginning to look like the start of a trend for miners. With share prices plunging, juicy yields were the main reason to stay true to the commodity sector but now these are being squeezed dry. Anglo-American tried fighting the inevitable with cost slashing and asset disposals, but had to give way in the end. The yield hit an unsustainable 14% by the time it acted, announcing last week that it would axe its workforce by more than half from 135,000 to 50,000, and suspend dividend right to the end of next year. That will save Anglo American about £1bn a year, money it desperately needs to survive lower prices. Even when the dividend does return, it will no longer be progressive, something management claims is unaffordable in the notoriously cyclical mining sector. Triple Trouble Even more worryingly for BHP Billiton and Rio Tinto, by slashing £1bn from capex and canning plans for new mines it’s effectively saying there is enough commodity supply today to last for years to come. Rio Tinto quickly followed Anglo American’s lead to announce $1.5bn of capex cuts by the end of next year. There was no talk about cutting the dividend, but markets seem to be pricing that in, with the share price down 10% in the last week. That’s the problem when the dividend comes under pressure, the share price collapses as well. BHP Billiton has also been burning through cash and looks even more vulnerable. Its share price is down more than 12% in the past week. Citi reckons it will burn through around $3bn a year. With BHP hit by institutional downgrades, its payout must surely be on borrowed time. In A Hole The situation at BHP Billiton and Rio Tinto isn’t quite as drastic as at Anglo American. Their yields haven’t yet hit double digits, but BHP is close at 9.23%, so you can draw your own conclusions. Rio currently yields 7.15%. Commodity prices continue to fall, with iron ore hitting a seven-year low of around $40 a tonne. Both companies are clearly at the sharp end of a cyclical shift in China, a shift that only looks set to sharpen. The mining sector is notoriously cyclical. At some point, all this cost slashing will lead to supply shortages and force up prices again, but it would take an optimist to suggest we’re at that point now. Larger operators appear to be following the Saudi strategy of maintaining high-margin production to drive out low-margin rivals and hang onto market share. Commodity prices may have further to fall in the new year. Unless they recover sharply, I fear that BHP Billiton and Rio Tinto’s dividends will fall as well.
loganair: The rebound in BHP Billiton share price proved short lived following what was another night to forget for global commodity markets. Indeed, today’s plunge appears to have been caused by further weakness in the iron ore and oil prices overnight. Rio Tinto's) share price has also retreated 0.5% after iron ore fell 1.4%, according to the Metal Bulletin, while oil prices are hovering near their lowest levels in six years as well. Brent oil fell nearly 1% to US$39.72 a barrel, while West Texas Intermediate crude was at US$36.71 a barrel on speculation that OPEC will keep the market oversupplied to force prices lower. Iron ore and oil are BHP’s two most important commodities, and contribute the bulk of its earnings. Lower prices will generate less revenue which will impact both cash flows and earnings. It could also impair BHP’s ability to continue increasing its six-monthly dividend payments to shareholders. Should you buy? BHP Billiton is ever reliant on commodity prices remaining reasonable to ensure it can grow its earnings. While it is admittedly doing a good job of cutting costs, it is simply not enough to offset the impact of falling commodity prices which could continue to weigh on its performance, and its share price. While today’s price tag could prove to be a bargain in hindsight, right now it seems there are too many risks and headwinds facing the sector to justify an investment in BHP, especially when there are so many other attractive opportunities also presenting themselves.
bobsidian: "...only 14 per cent above its 115-year average of $39 a tonne." And as we all know bear markets have a habit of falling below averages particularly when mining entities extract at a pace to maximise the potential for marginal income whilst choosing to ignore whether or not there is an end market for their output. Utter insanity. It will be interesting to see the share price performance of BLT tomorrow on the back of the latest broker recommendations. As usual you cannot help but get the impression that brokers are following rather than leading share price movements. The management of the big guns in the mining world may be about to realise that not even they are immune from the consequences of breaching any debt covenants. The share price performance of STAN - one of the banks perceived as most exposed to the debt of mining companies - may be interesting going forward. Noteworthy that AAL tracked the move lower by BLT, that the share price of AAL is not just trading below its 2009 low but is trading at a 13 year low, and that AAL is announcing its interim results on Friday. It will be interesting to see whether or not AAL moves to scale back its dividend payout. It may be that market forces are moving the AAL share price in anticipation of such an announcement. If this is indeed the case then it is anyones guess as to its share price reaction on Friday given that AAL has also pre-advised on as much as a further $4 billion of accelerated asset writedowns linked to commodity price performances for the year to date. If the share prices of BLT,RIO and AAL continue to tumble then the only way the FTSE100 will be able to resist a significant fall is by continuing to push ever higher its insanely overvalued constituents. PRU,NXT,WTB,ARM amongst many others come to mind whose valuations currently seem in the realms of La La Land and by so being they seem to be pricing too distant a future into the present.
Bhp Billiton share price data is direct from the London Stock Exchange
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