Bhp Share Discussion Threads

[waldron] 26/6/2019 16:57

Iron Ore 109.19 USD 1.26(1.15%)
Gold COMEX 1,414.70 -0.28%
Silver COMEX 15.28 -0.13%
Platinum NYMEX 822.50 +0.98%
Copper COMEX 2.72 -0.73%
Brent Crude Oil NYMEX 65.74 +2.27%
Gasoline NYMEX 1.93 +4.61%
Natural Gas NYMEX 2.29 +0.09%
(WTI) 59.44 USD +1.14%

Rio Tinto
4,828 +1.15%

Anglo American
2,195.5 +0.55%

Glencore
277.4 -0.11%

(BHP) 2004.25 GBp +0.71%

[waldron] 25/6/2019 17:09

Iron Ore107.93 USD -1.06(-0.98%)
Gold COMEX 1,431.30 +0.92%
Silver COMEX 15.41 +0.21%
Platinum NYMEX 810.30 -0.17%
Copper COMEX 2.75 +1.46%
Brent Crude Oil NYMEX 65.31 +0.69%
Gasoline NYMEX 1.84 +1.17%
Natural Gas NYMEX 2.25 -1.53%
(WTI) 58.04 USD +0.43%



Rio Tinto
4,773 +0.46%


Anglo American
2,183.5 +0.21%


Glencore
277.7 -0.20%


(BHP) 1989.1 GBp +0.68%

[waldron] 24/6/2019 16:52

Iron Ore 108.99 USD 1.45(1.33%)
Gold COMEX 1,418.80 +1.34%
Silver COMEX 15.41 +0.75%
Platinum NYMEX 811.00 +0.00%
Copper COMEX 2.71 +0.17%
Brent Crude Oil NYMEX 64.19 -1.55%
Gasoline NYMEX 1.80 -0.75%
Natural Gas NYMEX 2.26 +4.33%
(WTI) 56.91 USD -1.56%


Rio Tinto
4,743.5 +1.15%


Anglo American
2,182.5 +1.09%

Glencore
278.65 -0.57%

(BHP) 1971.6 GBp +0.34%

[waldron] 21/6/2019 16:59

Iron Ore107.54 USD 0.33(0.31%)
Gold COMEX 1,398.90 +0.14%
Silver COMEX 15.28 -1.40%
Platinum NYMEX 806.70 +0.14%
Copper COMEX 2.71 +0.04%
Brent Crude Oil NYMEX 65.12 +1.04%
Gasoline NYMEX 1.81 +2.48%
Natural Gas NYMEX 2.17 +0.28%

(BHP) 1952.9 GBp -0.51%

Rio Tinto
4,689.5 +0.15%


Anglo American
2,159 +0.94%

Glencore
280.25 +0.50%

[waldron] 20/6/2019 17:15

Iron Ore106.20 USD 0.41(0.39%)
Gold COMEX 1,389.70 +3.03%
Silver COMEX 15.40 +2.92%
Platinum NYMEX 807.60 +0.22%
Copper COMEX 2.72 +1.31%
Brent Crude Oil NYMEX 64.32 +4.04%
Gasoline NYMEX 1.76 +3.14%
Natural Gas NYMEX 2.17 -4.11%
(WTI) 57.06 USD +4.47%



Rio Tinto
4,682.5 +0.72%

Anglo American
2,139 +0.82%


Glencore
278.85 +1.23%

(BHP) 1967.9 GBp +2.27%

[waldron] 20/6/2019 05:45

podgyted
19 Jun '19 - 20:41 - 1497 of 1497
0 1 0

[loganair] 19/6/2019 21:47

Iron ore retreats: are Fortescue, BHP and Rio Tinto a buy?

China’s iron ore futures declined by 2.4% on Monday as ASX miners Rio Tinto share price fell 1.4% to $103.86, while BHP Limited share price dropped 0.35% to $40.16 and Fortescue Metals Group tumbled 3.75% to $8.47.

Iron ore prices have gone on a tear in recent months following a fatal disaster at Brazil’s Vale SA tailing dam, while big Australian miners BHP, Rio Tinto and Fortescue were affected by a tropical cyclone earlier this year.
Are ASX miners a buy?

Iron ore fundamentals are still looking very bullish as Chinese iron ore port inventories have recently hit two-and-a-half year lows and are down 20% from early March highs. Furthermore, China’s crude steel output hit a record high in May, highlighting China’s continued demand for steel consumption.

While these demand-side fundamentals are looking very strong, there are some emerging issues that need to be addressed. On Monday, the spotlight turned to top iron ore miner Vale SA. Vale expects to soon restore 20 million tonnes of yearly capacity at its Brucutu mine in Brazil. To put 20 million tonnes into perspective – Fortescue, the world’s third largest iron ore miner produced 101.1 million tonnes of iron ore in 1H19. However, Vale is still pending court approval to resume production at Brucutu.

Another concern for investors relates to the all-important consumers of iron ore – steel mills. A jump in iron ore prices chips away at profit margins for steel mills. This is a delicate scenario where China’s steel output is expected to remain strong, but high raw material costs could see slowing purchases made by steel mills that are anticipating a hit from shrinking profitability. Investors might have noticed the high price of iron ore is also affecting the likes of steel maker BlueScope Steel.


Vale production and shrinking steel mill margins are the two main factors that could result in a downturn in Iron Ore prices. However, I am confident that iron ore markets will continue to face a significant supply-demand imbalance.

Vale is still pending court approval to resume production that will not materially impact the market until much later. While China’s steel demand market remains robust while iron ore inventory continues to trend lower.

I believe the Australian mining sector still presents a worthy short-term opportunity while the commodity market continues to run hot.

[the grumpy old men] 19/6/2019 20:56

Opinion
Iron ore price is defying gravity, and nothing is bringing it down to earth
Elizabeth Knight
Business columnist
June 20, 2019 — 12.00am



The price of iron ore continues to defy both gravity and the warnings from a plethora of technical financial analysis that the metal price is in bubble territory.

But tell that to the thousands of investors with shares in BHP, Rio Tinto and Fortescue. For them, watching the iron ore price hit new highs is a bonanza.

BHP shareholders haven’t seen the stock at these levels since 2011, Rio’s share price hasn’t closed this high since 2008. At Wednesday's close BHP was up 2 per cent to $40.98 and Rio was up 1.94 per cent $105.71.
The iron ore price is in bubble territory.

The iron ore price is in bubble territory.Credit:Bloomberg

And the pick of the bunch from a share price performance perspective, Fortescue was up more than 3 per cent on Wednesday to $8.78 and is at a near 11-year high.

While riding the iron ore rise has been wonderful for shareholders, buying into this run seems like a pretty gutsy play requiring (let’s say) nerves of steel.

The iron ore price can be volatile. Having said that it has been trending higher for most of this calendar year and on Wednesday rocketed up 3.7 per cent to $US112.28 - sending iron ore stocks off on a tear again.
Related Article
Water and mud from the failed tailings dam at Brumadinho in Brazil. The collapse of another Vale tailings dam and the impact of Cyclone Veronica on the Pilbara miners have removed 100 million tonnes of iron ore from the market this year.
Iron ore
Iron ore's darkish clouds create silver lining for Pilbara miners

And here's why. If the current spot prices for iron ore remain at these levels Rio and BHP would produce a 50 per cent improvement in earnings per share in fiscal year 2020, while Fortescue’s earnings could be up by 170 per cent according to Macquarie’s calculations.

Such an outcome would deliver a deluge of dividends. In recent years these major iron ore companies have demonstrated a more conservative approach to capital expenditure and a way more generous approach to rewarding shareholders with dividends and buybacks.

The robust share price performances are also being fed by a positive broader sentiment on the sharemarket. There are two factors at play here.

The first is increasing hope that the US central bank will take a more aggressive position on lowering interest rates. The second - and much less reliable - reason for market optimism is being generated by the slightly toned-down rhetoric in Donald Trump’s latest trade war tweets.

Both these positives could prove fragile.

However, the forces that are specific to iron ore are based on supply and demand fundamentals which are proving tenacious.

Many had forecast that the disruption in iron ore supply that began with the Vale tailings dam disaster in Brazil in January would be on its way towards a resolution. It isn’t.

Courts and regulators have taken control and the timing of the restoration of supply seems no closer - or at least no clearer.

At the same time pressure on all mining companies to reassess the safety of their tailings dams is intensifying.
Related Article
Autonomous trucks at Rio Tinto's West Angelas mine.
Mining
Falling iron ore stockpiles in China latest fuel for local mining boom

Major investors, led by the Church of England have banded together to form what they have called the Mining and Tailings Safety Initiative. This week it released a name and shame list of companies that had not responded to its request to provide details of their tailings facilities. This investor group accounts for assets under management of $US12 trillion ($17 trillion). BHP and Rio have produced audits of their tailings dams over the past couple of weeks.

Meanwhile, heavy rainfall during the current quarter in parts of Vale’s operations has only added to the supply disruptions.

Citi Research's New York-based analysts said this week’s iron ore rally came on the back of an increasing likelihood that Rio may not make some contract deliveries of higher grade ore for July and August.

But while supply is constrained, the demand side of the equation is not easing which is leading to continued depletion of stockpiles in China.

In a note to investors Macquarie said, "Chinese port stocks, one of the most watched indicators in the iron ore market, have fallen further to under 110 million tonnes, indicating a 25 million tonnes drawdown since the end of April 2019. It further noted that, "the falling inventories at ports suggest consumption continues to outpace seaborne arrivals".

The size and frequency of Chinese government stimulus packages is playing a big part in the continuing high demand for steel - whose major ingredient is iron ore.

And just how the latest round of China-US trade talks play out will also be a major factor determining China stimulus.

Few, if anyone, is predicting that iron ore prices will remain at these elevated levels for another year but right now the forces that are pushing the price higher appear stronger than those that could bring it back to earth.


Elizabeth Knight comments on companies, markets and the economy.

[waldron] 19/6/2019 16:59

Iron Ore 106.20 USD 0.41(0.39%)
Gold COMEX 1,348.50 -0.16%
Silver COMEX 14.97 -0.15%
Platinum NYMEX 805.30 +0.41%
Copper COMEX 2.69 -0.65%
Brent Crude Oil NYMEX 61.97 -0.27%
Gasoline NYMEX 1.71 +0.37%
Natural Gas NYMEX 2.31 -0.17%
(WTI) 53.57 USD -1.18%


Rio Tinto
4,649 -4.68%


Anglo American
2,121.5 -2.01%


Glencore
275.45 -0.92%

(BHP) 1928.2 GBp -1.88%

[waldron] 18/6/2019 17:07

Iron Ore 105.79 USD 1.62(1.53%)
Gold COMEX 1,351.00 +0.60%
Silver COMEX 15.01 +1.19%
Platinum NYMEX 800.40 +0.73%
Copper COMEX 2.71 +2.29%
Brent Crude Oil NYMEX 62.39 +2.38%
Gasoline NYMEX 1.71 +2.16%
Natural Gas NYMEX 2.33 -1.94%
(WTI) 53.94 USD +4.03%

Rio Tinto
4,877.5 +2.19%


Anglo American
2,165 +2.68%


Glencore
278 +2.96%

(BHP) 1968.1 GBp +2.65%

[waldron] 17/6/2019 17:24

Iron Ore 104.17 USD -0.16(-0.15%)
Gold COMEX 1,344.40 -0.01%
Silver COMEX 14.85 +0.32%
Platinum NYMEX 793.50 -1.39%
Copper COMEX 2.65 +0.72%
Brent Crude Oil NYMEX 61.67 -0.55%
Gasoline NYMEX 1.69 -0.84%
Natural Gas NYMEX 2.36 -0.71%
(WTI) 52.29 USD -0.70%


Rio Tinto
4,773 +0.06%

Anglo American
2,108.5 -0.09%

Glencore
270 -0.75%

(BHP) 1921.9 GBp+0.62%

[ariane] 15/6/2019 10:55

The Guardian: The London Metal Exchange has issued a daytime drinking ban for its 120 trading floor members.

will it have a sobering affect on prices

[bmnsa] 14/6/2019 15:10

Looks as if buying into BHP was a good move.

[the grumpy old men] 14/6/2019 06:55

Why the Rio Tinto share price is outperforming with the sector today

Brendon Lau | June 14, 2019 | More on: BHP FMG RIO
Race

Many of the big ASX miners are outperforming the S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index this morning after the price of iron ore hit a five-year high.

The Platts Iron Ore Index, or IODEX, jumped to $US110.20 a tonne and has gained more than 50% since January, according to the Australian Financial Review.

This pushed the Rio Tinto Limited (ASX: RIO) share price up nearly 2% to $103.82 this morning, while the BHP Group Ltd (ASX: BHP) share price added 1.1% to $40 and the Fortescue Metals Group Limited (ASX: FMG) share price surged 4.6% to $8.73.
Iron ore in a seller’s market

Worries about the supply of mainstream iron ore fines are reported to be behind the latest price surge and traders are expecting tight supply in July and August. It’s a seller’s market – at least in the short-term with some analysts predicting the price of the commodity could jump to US$120 a tonne by August.

The strength of the steel making ingredient is defying the gloom cast over the Chinese economy from the ongoing trade spat between the US and China.

This is largely based on two factors. The Chinese government may step up infrastructure construction to offset the slowing economy and that means greater demand for steel.

The other factor is that profit margins for Chinese steel mills are still reasonably healthy. These mills will keep buying iron ore to produce steel as long as they can make a buck!
Risk of a price correction in the second half

But not everyone is a bull. Some analysts, including those from Citigroup, point out that profit margins of these mills are under pressure and have become razor thin in recent times and that the supply of residential property is outstripping demand, which leads to a real risk that steel production could fall in the second half of this calendar year.

This isn’t a given so it’s probably a little premature to be selling off all your holdings in iron ore stocks. The high price of the commodity also gives me some comfort as it provides room for a fall without necessarily triggering a consensus profit downgrade cycle for these stocks.
Foolish takeaway

Many analysts have assumed an iron ore price that’s materially under US$100 a tonne, so even if the ore price were to fall 20% from its expected peak, that shouldn’t impact much, if at all, on share valuations.

On the flipside, if iron ore prices stay higher for longer (and it seems to have a bit of a history of remaining stubbornly high) or if it only dips modestly, shares in our major iron ore producers can enjoy a consensus profit upgrade instead.

But iron ore stocks aren’t the only group with a promising outlook. The experts at the Motley Fool have uncovered some gems that are well placed to outperform in 2019.

[waldron] 13/6/2019 17:06

Iron Ore 106.29 USD 3.30(3.10%)
Gold COMEX 1,342.80 +0.45%
Silver COMEX 14.87 +0.79%
Platinum NYMEX 809.60 -0.11%
Copper COMEX 2.66 +0.13%
Brent Crude Oil NYMEX 61.51 +2.57%
Gasoline NYMEX 1.69 +1.71%
Natural Gas NYMEX 2.34 -1.60%
(WTI) 52.58 USD +2.68%

Rio Tinto
4,806 +1.98%


Anglo American
2,111.5 +1.93%


Glencore
273 +1.28%

(BHP) 1931.3 GBp +1.19%

[waldron] 12/6/2019 18:06

Iron Ore 102.99USD 0.23(0.22%)
Gold COMEX 1,337.10 +0.44%
Silver COMEX 14.77 +0.17%
Platinum NYMEX 813.20 -0.14%
Copper COMEX 2.66 -0.62%
Brent Crude Oil NYMEX 61.04 -2.01%
Gasoline NYMEX 1.68 -2.44%
Natural Gas NYMEX 2.37 -0.92%
(WTI) 51.86 USD -1.63%


Rio Tinto
4,712.5 +0.34%

Anglo American
2,071.5 +0.63%

Glencore
269.55 -0.50%

(BHP) 1907.8 GBp +0.72%

[the grumpy old men] 12/6/2019 10:36

BHP Group PLC (BHP) Receives GBX 1,735 Consensus PT from Analysts

Posted by Jennifer Kim on Jun 9th, 2019
Tweet

BHP Group logoShares of BHP Group PLC (LON:BHP) have been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,735 ($22.67).

[the_man_with_the_pink_gun] 12/6/2019 10:07

RUN FOR THE HILLS PEOPLE.

[loganair] 12/6/2019 09:42

Over the past couple of years BHP have been divesting some of their coal assets, especially lower quality coal and buying more into Copper.