Bhp Share Discussion Threads

[lucky_punter] 01/5/2013 11:57

UK markets finished lower yesterday, following dismal Eurozone economic data and after manufacturing activity in Chicago slipped more than expectations. Randgold Resources, Xstrata and BHP Billiton sank 4.1%, 2.6% and 2.2%, respectively, tracking losses in metal prices. The FTSE 100 shed 0.4%, to close at 6,430.1, while the FTSE 250 slid 0.3%, to settle at 13,949.9.

[kiwi2007] 16/9/2012 22:54

cancelled.

[ariane] 02/5/2012 06:23

UPDATE: BHP Billiton To Stagger Project Approvals
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Bhp Billiton (NYSE:BHP)
Intraday Stock Chart
Today : Wednesday 2 May 2012
BHP Billiton Ltd. (BHP) is seeking to reassure investors that it will stagger the billions of dollars it intends to spend on expansion projects over the coming years and remains committed to its dividend policy.
The company's confidence in long-term demand for key commodities remains unshaken, despite market concerns over softening growth in China's appetite, an executive told Australian analysts this week.
BHP has been dogged by concerns that a series of giant projects will increasingly consume its cash and may offer weak returns, as its earnings growth appears to have peaked with the recent fall in prices for many commodities. Some shareholders have been critical of the company's strategy, including plans to invest around US$80 billion on growth over five years and the acquisition last year of shale-gas assets in the U.S.
Alberto Calderon, BHP's chief executive of aluminum, nickel and corporate development, told a Macquarie Bank conference in Sydney Wednesday that the company will retain significant flexibility as it prioritizes its growth options.
"Projects will be approved in a sequence that maximizes value, reduces risk and balances short- and long-term returns," he said in presentation material distributed by the company, adding the priority for BHP remains building a simple and scalable business.
Expansion plans are framed by a commitment to a solid A credit rating and progressive dividend, he said.
Analysts said Calderon also stressed that demand growth in China is still expected to be relatively high, slowing from a very high base, and the country's steel intensity isn't expected to peak until about 2030. BHP's share price and the Australian dollar were knocked when the former head of the company's iron ore division in March said China's steel growth rates were flattening.
Analysts at Macquarie in a report to clients following Calderon's presentation said BHP sees expansion of the outer harbor at Port Hedland as the most pressing of its three biggest projects, given the iron ore business that relies on the port in Western Australia contributes significantly to earnings. They said it was unsurprising that market focus has increasingly turned to the merits of BHP's projects, since approval for the harbor, expansion of the Olympic Dam copper-uranium mine in Australia and Jansen potash project in Canada are all due this year.
Calderon met with analysts earlier in the week, after which Citigroup said that it doesn't expect the harbor project to be slowed, but spending on Olympic Dam and Jansen may be staged and drilling for shale gas wound back. It said the key message from Calderon was that capital expenditure would be staggered to match cash flow.
-By Robb M. Stewart, Dow Jones Newswires; [phone]; [e-mail]

[waldron] 07/4/2012 10:17

April 5, 2012, 10:13 AM.BHP, Rio Diamonds: A Match Made in Heaven?.Article Comments Deal Journal Australia HOME PAGE ».EmailPrintTwitter
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close StumbleUponMySpacedel.icio.usRedditLinkedInFarkViadeoOrkut Text By Ross Kelly
BHP Billiton and Rio Tinto may have fallen out of love with diamonds, but broker Nomura still thinks a marriage should be arranged.

Nomura says BHP and Rio should consider merging the two diamond businesses into a new company and floating it on the stock exchange, rather than seeking to sell them separately to a competitor.

Neither company has come close to suggesting it's entertaining such an idea as part of strategic reviews of their diamond units, but they might want to mull it over. Nomura's logic is compelling.

For one, the broker says there's only a handful of potentially interested industry players and private equity firms to buy the businesses. Listed diamond players would certainly be stretching their spending capabilities: whilst small within BHP and Rio, the units are relatively large in the diamond world.

Fewer bidders for more assets means less bidding tension and an increased risk the miners wont extract fair value from a sale.

A merger and subsequent initial public offering would create the world's largest listed diamond company with lower political risk due to a greater asset spread.

Assuming no synergies or debt, Nomura estimates the merged entity could generate around US$700 million of earnings before interest, tax, depreciation and amortization in 2012. Based on diamond sector consensus 2012 enterprise value/EBITDA multiple of 3-5 times it could have a potential market value of US$2.10 billion-US$3.50 billion.

An IPO could be well supported.

BHP and Rio are only considering divesting the assets because they're no longer material contributors to their portfolio and their big growth pipelines in bulk commodities, energy and base metals that could generate higher returns.

"Ironically, the outlook for the diamond market doesn't appear a significant driver of the divestment rationale for BHP and Rio. The market has positive fundamentals with maturing mines and growing Asian demand," Nomura says.

BHP and Rio's diamond businesses are valued at US$2.2 billion and US$1.9 billion, respectively. While a less attractive option, each business could also be listed individually, Nomura says.

[gardenarc] 22/2/2011 06:32

This was my biggest holding at one time had to sell far to early for my divorce had to,This one stock would have made me a millionaire 12 x over But never mind the investing goes on i never stop..

[collection] 25/8/2010 13:06

I hope they don't make a bid for HER too early as I want to retire off the rise from current levels .7p to 12p + by 2012 when production gets cracking. So Mr BHP CEO, just because you're HER's Chilean neighbour, don't try and buy HER for a measly 3-5p, or your offer would be rejected as derisory!

[selfservice] 20/8/2008 10:38

dont ignore the iron ore

[oneillshaun] 29/10/2007 09:27

i think you are right, 4,48% rise today, makes sense.

[helpaargh] 29/10/2007 09:24

Probably BRR

[oneillshaun] 29/10/2007 09:18

Anyone know what company he is talking about

[frightened city] 02/10/2007 18:24

Apparently they just have bought into FOGL's acreage in the Falkland Isles. They must be completely off their heads!!

[dssloan] 17/9/2007 13:23

Is BHP going to buy into Falklands Oil & Gas (FOGL)?

[banjomick] 11/2/2007 03:23

Film Clips:

[banjomick] 11/2/2007 02:24

Bluegrass:

Bluegrass History 1


Bluegrass History 2


Bluegrass History 3


bluegrass roots


Bill Monroe - Uncle Pen


Bill Monroe - Rawhide


Bill Monroe - Voice from Up On High (bit out of sync)



Johnny Cash & John Hartford, Bluegrass medley


1965 Fincastle Bluegrass Festival Pt1


1965 Fincastle Bluegrass Festival Pt2






Whiskey Lullaby - Brad Paisley & Alison Krauss

[banjomick] 11/2/2007 02:14

W:

White Josh - 1945 'One Meatball'


The Wedding Present - You Should Always Keep In Touch..

[banjomick] 11/2/2007 02:14

V:

Velvet Underground The-Sunday Morning


Velvet Underground The & Nico-Femme Fatale


Violent Femmes _ add it up


Violent Femmes-Country Death Song