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
  +49.20p +3.18% 1,598.80p 1,599.60p 1,600.00p 1,607.80p 1,561.00p 1,572.00p 9,727,950 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33,038.3 11,168.0 52.7 30.2 33,767.80

BHP Billiton Share Discussion Threads

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At last some big infrastructure projects coming in from India... The number of operating airports in India is expected to double in the next decade as the government races to meet the growing demand of the country’s aviation market. Civil Aviation Minister Suresh Prabhu said on Tuesday that as many as 100 new airports would be built in the next 10 to 15 years for about $60 billion.
Dividends -- The dividend policy provides for a minimum 50 per cent payout of Underlying attributable profit at every reporting period. The minimum dividend payment for the June 2018 half year period is 46 US cents per share. ' -- The Board has determined to pay an additional amount of 17 US cents per share or US$0.9 billion, taking the final dividend to a record 63.0 US cents per share. This is equivalent to a 69 per cent payout ratio. ' XD 4 Sep Paid 25 Sep 2018
BHP Billiton (BLT) Earnings-Reaction to Keep an Eye
Copper prices fell near a fresh year-to-date low on Tuesday after data showed fixed-asset investment in China slowed to a nearly two-decade low in the first seven months of the year and Bloomberg News reported that BHP Billiton Ltd. could avoid worker strikes at the world's largest copper mine. Copper for September delivery slumped 1.7% to $2.6835 a pound on the Comex division of the New York Mercantile Exchange. Prices are down almost 20% from their June four-year highs, hurt by worries that trade tensions between the U.S. and China will accelerate a Chinese economic slowdown, weakening demand for materials used in construction and manufacturing. China is the world's largest commodity consumer, accounting for about half the world's copper demand. Tuesday's data showed spending on factory machinery, public-works projects and other fixed-asset investments in China's nonrural areas grew 5.5% in the January-July period from a year earlier, matching a record low from 1999. "The response of metals prices to the data from China is correspondingly negative," Commerzbank analysts said in a note to clients. Other industrial metals including aluminum, tin and lead also fell on the London Metal Exchange. As investors have grappled with the prospect of lower copper demand, data has pointed to steady production and disruptions from worker strikes that boosted copper last year haven't materialized. Copper's losses accelerated Tuesday after Bloomberg reported that the union at Chile's Escondida mine is optimistic about reaching a wage agreement with BHP, potentially ending the prospect of a strike that could lower production. A 44-day strike at Escondida last year helped support copper prices. Among precious metals, gold for December delivery edged up 0.4% to $1,203.80 a troy ounce, boosted by declines in the dollar. The dollar surging has pushed gold to its lowest level since January 2017 by making the yellow metal more expensive for overseas buyers. On Tuesday, the WSJ Dollar Index, which tracks the dollar against a basket of 16 other currencies, fell 0.2% after closing at a fresh 15-month high Monday. Write to Amrith Ramkumar at and David Hodari at (END) Dow Jones Newswires August 14, 2018 11:02 ET (15:02 GMT)
I hope the return of cash to share holders is NOT in the form of a Share Buy back rather then a Special Dividend which would be around 100p per share.
NEWS... Selling US Shale assets to BP for $10.8b and will return cash to Shareholders
So much for the class action! Sector comment that prices are set to rise.
BP bets on U.S. shale growth with bid for assets of BHP Billiton: BP is believed to have made an offer of more than $10B US. BP is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton after submitting an offer worth well in excess of $10 billion US, people familiar with the matter said on Friday. The move represents a big bet by BP on U.S. oil and gas production at a time when energy prices are rebounding. It would allow it to significantly rebalance its business with oil production, after focusing largely on natural gas assets. BP is the front-runner in the auction for the assets run by BHP, and could reach a deal in coming weeks, the sources added, cautioning that an agreement is not certain and it is possible that negotiations could end unsuccessfully. The exact terms and composition of BP's offer could not be learned. The sources asked not to be identified because the matter is confidential. BP and BHP did not immediately respond to requests for comment.
At the beginning of the year there was talk about $80 oil, then a couple of months ago $90, today there is talk of even $100. This all bodes well for BHP as 40% of their revenue comes from oil production and hopefully will also mean they get more for the shale assets they are selling.
By Rupert Hargreaves - Global mining giant BHP Billion has quickly established itself as one of the FTSE 100’s top income plays over the past few years. After reporting a near-90% fall in net profit for 2015, and then a loss in 2016, BHP reported net income of $5.9bn in 2017. To celebrate, management hiked the group’s dividend payout by 200% in 2017 to $0.85 (64p). While City analysts are expecting the company’s earnings growth to continue this year, what really grabs my attention is BHP’s free cash flow. Plenty of cash: For the six months to December last year, BHP delivered free cash flow of $4.9bn. Underlying attributable profit climbed 25% to just over $4bn. The miner’s robust cash generation allowed management to declare a half-year dividend of $0.55 per share (41p), up 38% year-on-year. City analysts are currently expecting a dividend of $1.20 for the full year. It looks like the firm is on track to hit this target, giving the shares a forward dividend yield of 5.6%. BHP’s excess cash generation is also allowing the company to pay down debt. Net debt fell 23% to $15.4bn at the end of last year, down nearly 80% from the level reported in 2013. This proves BHP’s dividend is funded with surplus free cash and the firm is not borrowing additional funds to pay the dividend or fund its operations. Meanwhile, BHP’s cash generation is expected to continue for at least the next two years. It should also receive a boost from its up-for-sale portfolio of onshore US shale assets. Analysts believe the price tag is $7bn-$9bn. Exiting at $9bn would give the company plenty of funding to reduce net debt below its $10bn-$15bn target range. So, the City is expecting BHP to return several billion of excess funds, after reducing debt. With this being the case, I believe BHP’s 5.6% dividend yield is an excellent buying opportunity to build a retirement income.
Double top on the charts, so not surprised to see the sell off. 1660p is now resistance, failure to clear that level, brings 1480p support into possible medium term play.
ny boy
BHP Billiton PLC HSBC Hold Reiterates
BHP have a responsibility to its share holders to sell its US shale assets for as much as it can get. Once sold I am hoping that BHP give its share holders a Special Dividend from part of the sale proceeds, reduce its debt further and invest the rest productively.
Mining company BHP Billiton has received bids from industry giants such as BP and Chevron for its US shale portfolio which has been valued between $7bn (£5.2bn) and $9bn, sources told Bloomberg. According to the sources, Royal Dutch Shell in partnership with private equity firm Blackstone Group made a bid in late May for the entire unit. BP is pursuing the shale assets alone while Chevron has teamed up with a private equity firm. As this was the first bidding round, the price is expected to increase as BHP expects to receive about $10bn for the sale of the entire unit or as much as $13bn if the assets are sold piece by piece when the bidding moves to the second round. The Anglo-Australian company, which is also the biggest miner in the world, owns more than 838,000 acres spread across four US shale sites in Texas and Arkansas. The final purchase of all the shale assets is not expected to happen until very late 2018 or even sometime in 2019. Several other companies such as private equity firm Apollo Global Management have bid for certain parts of the shale operation according to sources. At the closing of the market, BHP's share price was up 2.45 per cent at 2pm today up to 1,779p per share.
After several years badly in the red I was able to take a decent profit today. Will look again when it's next below £10.
6 reasons why BHP Billiton is better than Rio Tinto by James Mickleboro: As some readers will be aware, I’ve been very bullish on both BHP Billiton and Rio Tinto over the last couple of years. And even though both shares have run incredibly hard during this time, I still see a lot of value in them. While I think both companies would be great investments, my preference continues to be BHP Billiton. I believe that its diverse operations, undemanding valuation, and the positive outlook for the commodities it produces has positioned it to outperform over the next couple of years. I’m not alone in thinking this way, either. According to a note out of Goldman Sachs this morning, its analysts have named six reasons why BHP Billiton is a better investment than Rio Tinto. Reason one - is BHP’s diverse commodity base. The broker has pointed to Rio Tinto’s reliance on iron ore after recent asset sales as a potential negative. Reason two - is its growth optionality. The broker believes BHP has better growth opportunities from brownfield expansions in stable jurisdictions, whereas Rio Tinto has only a few pockets of growth in relatively risky jurisdictions. Reason three - is its free cash flow generation. Goldman expects FY 2018 to be the first evidence of higher FCF. It has pointed to the potential offloading of its US shale assets as a future catalyst for higher returns. Reason four - is its shareholder returns. It has lagged Rio Tinto for some time now but moving forward its expects BHP to outperform Rio Tinto in this regard. Reason five - is its catalysts. The broker is of the opinion that BHP has a number of catalysts on the horizon that could give it a short term boost. These include its FY 2018 results, higher cash conversion, and asset sales. Reason six - its valuation. The broker has pointed out that historically BHP has traded at a 3% premium to Rio Tinto’s shares on 12-month forward EV/EBITDA basis. Whereas, at present it currently trades at a 10% discount. In light of these six reasons, the broker has lifted its price target on BHP Billiton’s shares from $35.50 to $40.00. This implies potential upside of almost 19% for its shares over the next 12 months. Should you invest? While there are risks that a global trade war could lead to a faltering global economy and weigh on commodity prices, I remain optimistic that this will be avoided. As a result, I completely agree with Goldman Sachs on this one and believe BHP Billiton would be a great investment today.
BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) are becoming dividend plays by Rosemary Steinfort: Mining companies usually not perceived as dividend plays, such as Rio Tinto Limited (ASX: RIO) and BHP Billiton Limited (ASX: BHP) are paying annual dividend yields of 4.6% and 3.8% respectively, both fully franked. Mining companies have been able to step up their dividend payments after becoming awash with cash from the rebound in commodities prices, as well as keeping capital expenditure under control and restructuring their businesses when commodity prices went south.
BHP Billiton Limited eyes growth opportunities by Rosemary Steinfort: At Bank of America Merrill Lynch’s Global Metal Mining and Steel Conference in Miami, BHP Limited Chief Executive Officer, Andrew MacKenzie, said that the company has its eyes on some small and large growth opportunities that could add US$31 billion of value to the company. The company revealed that it had reduced its net debt into its target range of US$10 billion to US$15 billion. As the company’s plans are delivering, future free cash flow will also find its way back to shareholders. Speaking at the conference, Mr Mackenzie said: “We have maximised operating cash flow as we have lowered costs through productivity; we have been disciplined and transparent in capital allocation; and we have identified new options to increase value and returns.” Critical messages were reaffirmed include maximising cash flow, capital discipline and increasing value and returns to shareholders.
BHP’s US-based shale gas operations are in high demand with a list of potential trade buyers queuing up. Initially, the thought was that the assets would be spun off or there would be an initial public offering, but now a sale seems to be on the cards. The assets were bought for around $20 billion during the boom times, but now the sale price is half that at up to $10 billion.
The oil price is going to keep rising – here’s how to profit by Dominic Frisby: The best ways to play a rising oil price: BHP Billiton (LSE: BLT) is another favourite. Even though it’s known for mining, oil is its biggest product and BHP tracks the oil price well. That was 700p when we recommended it back in 2016 and it’s now 1,700p, so it’s done well too. There’s still plenty of room for it to go higher (in 2011 it hit 2,600p), particularly if things get inflationary.
A looming East Coast gas shortage, China’s push for quality iron ore and a Banking Royal Commission spooking investors off big four bank stocks has contributed to strong share price gains out of BHP Billiton of late – with shares now sitting at a 52-week high. The Sydney Morning Herald last week reported BHP would benefit from Chinese steel-making customers willing to pay higher prices for quality iron ore and coking coal as the country sought to reduce its environmental footprint. BHP has also benefited from a rapid increase in oil prices off the back of Middle East fears and the company logged an impressive operational review for the period ended March 31 with all major projects tracking to plan and 6% volume growth expected for the 2018 financial year.
Barclays recommends BHP Billiton over Rio Tinto: Barclays analysts upgraded BHP Billiton’s rating to 'overweight' on Friday and reduced that of Rio Tinto to 'equal weight', citing an expectation that BHP will close ground on Rio Tinto following five years of underperformance. In a research note sent to clients, Barclays said the driving factor is the projected monetisation of BHP’s US shale acreage, with potential upside depending on valuations attributed to the Permian Basin acreage in particular. With oil prices and shale valuations were on the rise, powered by recent changes to the US tax code, they saw scope for the company to return between $7.8bn and $11.1bn in cash proceeds to shareholders as a result. The analysts forecast those sales had the potential to add between 7% and 9% to the company’s yield and to provide a boost to returns on equity. Elsewhere, analysts said that a "more aggressive" approach to addressing equity underperformance was potentially possible. "Additional non-core asset sales are one option. We see $9.5bn (8% of market cap) of potential proceeds based on NPV, equivalent to ‘a second shale’ in terms of both quantum and potential impact on ROE. Assets include Cerro Colorado, Nickel West, UK & Algeria petroleum, Samarco, Cerrejon and Mt Arthur," they said. They also suggested that the company could ration commodity supply of iron ore, as Rio Tinto has successfully done with iron ore, because the company holds a large enough market share to move the price. "We believe the various catalysts outlined above offer a credible pathway to materially improve returns on capital and underpin a meaningful step-up in shareholder returns, which in turn should set BHP up to regain its premium rating," they explained. Barclays also boosted BHP's target price to 1,800p per share from 1,600p. Rio Tinto, meanwhile, saw its target price remain static at 4,400p. The Rio Tinto downgrade from 'overweight' meanwhile was a reflection of the company’s shares now looking expensive in comparison to those of BHP “despite lower margins, lower returns post-shale sale, lower forecast growth” and limited strategic options to rebalance away from iron ore.
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