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
  -4.00p -0.26% 1,529.80p 1,529.60p 1,530.00p 1,532.60p 1,520.00p 1,522.20p 883,275 08:21:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 29,424.5 7,933.1 85.1 19.3 32,310.47

BHP Billiton Share Discussion Threads

Showing 13076 to 13098 of 13100 messages
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DateSubjectAuthorDiscuss
24/4/2018
12:45
Fundamentals for industrial metals looking good. China is putting 2,000 electric buses on their roads every week which is good for Copper one of the four main commodities of BHP.
loganair
19/4/2018
11:01
What you need to know about BHP Billiton Limited’s market update: The share price of BHP Billiton Limited (ASX: BHP) rallied to a two-month high this morning even as the world’s biggest miner cut its iron ore production guidance in its March quarter production update. The stock is 2.6% higher at $30.85 in late morning trade compared to a 0.5% gain by the S&P/ASX 200 index. BHP cut its FY18 iron ore output forecast to between 272 million and 274 million tonnes due to reliability problems with its car dumpers. The miner was initially forecasting a range of 275 million to 280 million tonnes. There are also issues with its Olympic Dam operations where the ramp-up was slower than expected in the latest quarter due to smelter maintenance, although this wasn’t enough for the miner to reduce its production forecast for copper. Instead, the miner narrowed its production guidance range for the red metal to 1.7 million to 1.785 million tonnes versus its original estimate of 1.655-1.79 million tonnes. But investors are quick to forgive as BHP said petroleum output for the financial year would be at the upper end of its 180 million to 190 million barrels of oil equivalent guidance and reaffirmed its guidance for other commodities like metallurgical coal and energy coal. Perhaps the bigger reason for BHP’s outperformance is the brightening outlook for commodities in general with most industrial metals recording strong gains in overnight trade on speculation that the US expand its sanctions against other Russian mineral producers.
loganair
19/4/2018
10:58
By Mathew Hodge: The bulk of our BHP Billiton fair value estimate derives from just three commodities: iron ore, copper, and petroleum. Our price scenarios also factor in currency, operating, and capital cost adjustments. In our bull case, we expect commodity prices to increase by 15%. Our fair value estimate in this scenario is £16.50 a share, against a current price in London of £15.30. In our bear-case scenario, we project prices to fall by 15%. Our bear-case fair value estimate falls to 800p a share. We think the attractive forecast 2018 earnings and returns are fuelled by favourable commodity prices, underpinned by unsustainable growth in China’s debt, and more recently trade unrest. While trade sanctions may restrict global commodity supply in the near-term, longer-term those assets are productive and likely to continue to contribute. BHP’s production guidance for the 2018 financial year is retained for petroleum, metallurgical coal and energy coal, while the range was narrowed for copper. Iron ore output was softer than expected and BHP has lowered guidance by approximately 2% to 272 to 274 million tonnes. However, higher commodity prices more than make up for the short fall. Plans to exit US onshore petroleum assets continue to progress. There were no major changes on the capital expenditure front and we still expect the large diversified miners to remain frugal with new expenditure in the near to medium term.
loganair
18/4/2018
20:45
HSBC today reaffirms its hold investment rating on BHP Billiton (LON:BLT) and raised its price target to 1610p from 1480p.
loganair
18/4/2018
15:21
Could be to do with today announcement: BHP Billiton is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a company executive said. Cobalt and nickel are both critical ingredients for lithium ion batteries, and are expected to see a boom in demand as global automakers transition into producing electric vehicles. Most of the world’s cobalt supply comes from the Democratic Republic of Congo (DRC), which has been beset by governance and human rights concerns. After the DRC, Australia has the world’s second-largest mineral reserves. “Part of our transition to becoming a global supplier of battery materials means we have started looking at cobalt options as well,” Eduard Haegel, president of BHP Billiton’s Nickel West refinery, said on Wednesday at a battery materials conference in Shanghai. “We see cobalt as remaining in short supply ... For this reason we are looking to broaden our support of the battery sector by increasing our contribution to cobalt supply.” BHP is already due to start producing nickel sulphate at its Nickel West project next year, Haegel said, and is in the early stages of considering a plan to double that output. The miner could grow its cobalt production and sell it as cobalt sulphate, a battery ready form of the metal, he said. BHP could do this by developing a cobalt circuit at its Kwinana Nickel refinery and by increasing cobalt recovery at its Kalgoorlie smelter, both in Western Australia, as well as potentially taking third party cobalt concentrate, he said. The miner said last year it would retool its Nickel West operations to focus on producing supply for the battery industry, and Haegel said it has been building a solid chain of battery customers. It expects to have sold 90 percent of its nickel sulphate supply by the end of 2019, two years earlier than anticipated. BHP expects to sell 65-70 percent of this year’s nickel output to the battery sector, about 45,000-50,000 tonnes of metal, based on last year’s figures, Haegel said. Although an investment decision to go ahead has not yet been made, BHP is advancing plans to potentially double capacity at its nickel sulphate operations to 200,000 tonnes, depending on industry demand, which would create the world’s largest nickel sulphate plant at Nickel West, he said.
loganair
18/4/2018
14:56
Nice rise into the 9 month operational review due out tomorrow. Hope its good to maintain the momentum.
ashbox
16/4/2018
12:44
Goldman has upgraded BHP Billiton from neutral to a buy rating and increased the price target on its shares to $35.50 from $30.00. The broker feels that BHP is poised to outperform due to its belief that its cash conversion will improve in the second half. Goldman estimates that BHP will generate an extra US$1.7 billion in free cash flow in the second half compared to the first. Further to this, its analysts estimate that BHP’s shares are trading at a 9% discount to Rio Tinto versus a historic premium of 3%. Goldman expects this gap to close in the near future. BHP Billiton is worthy of an investment right now. Especially if the world avoids a trade war and continues its strong economic growth. This should ensure that demand for commodities remains strong and prices stay favourable for at least the next couple of years.
loganair
13/4/2018
10:50
Commodity companies - During last bull market, over supply, mis-allocation of capital and took on too much debt. Now the companies have got their act together, more disciplined and therefore looking good for the rest of 2018 and for 2019.
loganair
11/4/2018
12:30
Deutsche Bank now sees the mining major as a 'buy' and it has a price target of £17 per share: The move to ‘buy’ from ‘hold’ was made on valuation grounds following the de-rating of the stock in the wake of February’s interim results. The target price of £17 is around £2.50 higher than the current share price. Deutsche said the market had been unsettled by BHP’s overheads, which were higher thanks to one-off costs associated with the Olympic Dam and Bass Strait projects, the Escondida mine and metallurgical coal. However, its analysts think these have been more than priced in with the Anglo-Aussie giant trading at less than 85% of its net present value. Important to their ‘buy’ case was its impressive cash flow yield, which is expected to be around 11% next year, while strengthening balance sheet also supports that investment proposition Deutsche believes the company has headroom to make disposals worth US$10bn. It concludes that BHP is a “simple yet compelling” story.
loganair
11/4/2018
09:28
India saying $50 to $60 is a fair price for oil, whereas Saudi Arabia and Russia the two biggest oil exporters are looking for $80. Around $60 is called the sweet spot as it is a price that is fair for the oil consumers, importers and producing exporters.
loganair
10/4/2018
16:00
Citigroup has kicked off the trading week with an upgrade for diversified natural resources company BHP Billiton pushing it up from a neutral rating to a buy. Citi has upgraded BHP to buy with an increase on its price target for the stock to $33 off the back of momentum from the company’s shale assets – which are up for divestment and may catch a higher price than previously thought. Citi’s calculations project BHP’s shale might attract US$14 billion instead of US$10 billion saying rumours of global upheaval due to rising risks from economic protectionism are “overdone̶1;. BHP’s share price has tracked upwards in the last 12-months, from $25.73 at this time last year recovering from a mid-2017 low of $22.10.
loganair
10/4/2018
12:30
Saudi Arabia are targeting $80 oil, which is also positive for BHP Billiton as oil is one of the 4 main commodities they produce. CEO of Fortescue mining said that with the building of the Silk Road China will continue to need large imports of Iron Ore. However China are now going for the better grades of iron ore to make their steel with.
loganair
05/4/2018
23:14
BHP's bashing has gone too far, Citi says: Citi, while recognising the risk of escalation, does not see increased protectionism as a major impediment to global growth. Specific to BHP, it thinks the share price could receive a boost when the company gets shot of its US shale assets; recent transactions suggest the resources giant might get more for them than the market has been expecting. US Permian Basin player Concho recently announced the proposed acquisition of RSP Permian for an enterprise value of US$9.5bn. Applying the same sort of methodology to BHP’s shale assets would lift Citi’s valuation of the assets from US$10bn to US$14bn. Citi has abandoned its neutral stance on BHP and upgraded to ‘buy’, with a 1,550p price target.
loganair
05/4/2018
10:50
BHP Billiton: A Good Income Investment: BHP now generates ample excess cash flow; more than enough to pay its dividend and downsized capital expenditure needs in 2018. So far in this fiscal year, BHP has generated $7.3 billion in cash flow from operations, $1.8 billion of which goes into maintenance capital expenditure and another $1.8 billion has gone into the dividend. 'Organic development' takes another $1.9 billion of capital expenditure, presumably to keep production flat. With all that out of the way, BHP has $1.7 billion in free cash flow left over, most of which it is applying to improve the balance sheet. In this environment, it is much better for BHP to delever than it is to plow capital into new projects. BHP remains in a financially strong position. Pays you to wait: BHP pays you handsomely to wait, which is one of the reasons I continue to recommend the stock. Currently, BHP yields 5%, there's plenty of cash flow by which to pay that dividend. Expect the dividend to track earnings per share, as BHP is committed to paying half of its earnings per share in the form of dividends and BHP has a long history of a progressive dividend, with the exception of 2016 when the company had no choice. I suspect BHP will at the very least continue to raise dividends by low single-digits. BHP is a very cyclical company, and share price tends to track earnings tightly. The good news is, it appears the recovery in commodity prices is well underway. What you'll certainly get from BHP is a generous 5% yield that the company should be able to sustain in any cycle. The commodities BHP are in, copper, iron, and metallurgical coal, are both economically sensitive and volatile. However, BHP has situated itself to the point where it can make an impressive profit even at today's commodity prices. For this reason, I recommend BHP Billiton, particularly as this is a sector which income investors typically gloss over.
loganair
05/4/2018
10:41
RBC Capital - Higher long-term coking coal profitability makes BHP Billiton a better bet now. It sees BHP's relative investment case improving. “In line with our commodity price update, which sees higher long-term coking coal profitability, the shares are now trading at fair value, in our view,” the broker said. The broker identified potential share price catalysts as the sale of US onshore assets as well as an eventual restart of operations, or some sort of value-realisation event, at Samarco, the Brazilian asset jointly owned with Vale, where the collapse of the dam in 2015 left 19 people dead and hundreds homeless. “We would expect Vale to assume control of the asset, but any profit share or monetisation from BHP would be positive to our forecasts,” RBC said.
loganair
27/3/2018
14:26
Unlike BHP, over the past few months Rio Tinto have been getting out of coal by selling their coal mines, especially the ones they own in Australia because they say coal is becoming less and less of a productive asset. The price of Iron ore is expected to drop after the second quarter as China will need less of it.
loganair
26/3/2018
10:40
Crude oil prices rose to their highest level in over three years after yuan-backed crude oil futures debuted strongly on the Shanghai exchange. North Sea Brent Crude surged above $71 per barrel for the first time since 2015. China surpassed the US to become the world’s largest importer of crude in 2017...so naturally, China would want to play a more active role in influencing the price of crude oil. Analysts have noted that the launch of the petro-yuan could shatter the petro-dollar’s dominance of the crude oil market.
loganair
22/3/2018
07:26
The Saudis are saying they really need the price of oil to be at least $65, $70 would be better to get the IPO of Amarmco away as investors are showing less interest in the IPO then the Saudis thought there would be.
loganair
13/3/2018
10:40
I agree so BHP can be traded shoert term by those with the skill BUT for me this is a 3/4 year bet with good dividends in the meantime.
anley
12/3/2018
17:35
Don't forget India, they may well become another China when it comes to their infrastructure.
loganair
09/3/2018
23:21
Investec put BHP Billiton and Anglo American on its “buy” list. Despite the threat of base metals being caught up in the centre of a global trade skirmish, Investec’s Hunter Hillcoat told clients that the global miners have significantly lower debt levels and added that rising costs are eclipsed by the recent jump in commodity prices.
loganair
09/3/2018
11:57
Shell and Anadarko Petroleum already own lands that sit next to the BHP lands slated for sale. If Shell makes the purchase, it would create a larger contiguous area for the company’s shale drilling and would therefore bring down the per barrel cost of production. BHP plans to swap its onshore assets with offshore ones in order to exit U.S. shale plays, Steve Pastor, the firm’s president of petroleum operations, said. Hopefully if BHP go for an asset swap they will gain a higher price for their Shale assets rather then if they were being paid cash for them.
loganair
09/3/2018
10:51
Head of Energy at Goldman Sachs is forecasting oil at $80 within 6 months due to strong oil demand and therefore hopefully BHP will get more then $10bln for their shale oil assets.
loganair
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