BHP Billiton Share Discussion Threads

[montyhedge] 19/8/2015 18:19

Yes lets see, if that dividend cut or passed, the income boys will dump this like a hot potatoe. I feel under 1000p this week.

[deanforester] 19/8/2015 17:17

BLT report next week. Wait for that to make judgements.

[montyhedge] 19/8/2015 14:23

835p is my target price, especially when the dividend is cut, they can't surely pay the dividend in the future.

[loganair] 19/8/2015 11:51

But will not be cover by earnings.

[nw99] 19/8/2015 11:06

6% yield here

[tpaulbeaumont] 19/8/2015 09:41

tpaulbeaumont 21 Nov'14 - 01:21 - 11442 of 11682 0 0 edit
or 1450? 1225 and 975 with longer odds :)


how things change in 10 months, bit of a reaction around 1450(1420 lo, 30p out) and huge 35% bounce from 1225(1245 lo, 20p out) so wonder what 975 will offer :)

[marvelman] 19/8/2015 09:28

Edit erased....posted to wrong thread

[loganair] 19/8/2015 09:26

anley2 - Mining analyst for share price Angle and Panmure Gordon for 2, they also say the price of Iron Ore is likely to fall by a further 30% from the current its already very low price and BLT are very big when it comes to Iron Ore.

Personally I am looking for an under £10 entry point and expecting BLT's dividend to be cut at sometime in the future, maybe not this coming dividend but the next.

[anley2] 19/8/2015 09:18

Who is this mining analyst or is it you giving us this "insider" story?

[loganair] 19/8/2015 08:37

Mining analyst say still too early to invest in mining as still further to fall.

[montyhedge] 19/8/2015 07:43

Under a 1000p coming.

[zcaprd7] 18/8/2015 15:09

Another nibble...

[hooley] 17/8/2015 14:11

Just looked up consensus forecasts of 5 brokers for 2015 and 2016 on BLT. Ptp £7bn and £4.4bn, with eps of 93.5p and 51.5p respectively. Divi to be maintained at just over 80p, this year and next. 3 are buyers, 1 a holder and the other a seller. The dividend pyt will be determined primarily by free cash flow level, as always.

[loganair] 17/8/2015 12:08

Listening to a couple of analysis this morning one said he expects Gold to trade in a range of $1,050 to $1,300 for the year ahead with a low of $1,000.

Panmure Gordon are giving an average 2015 price of Gold of $1,160 and for 2016 $1,250. Aluminium, Copper and Nickel prices will all fall while Iron Ore will drop by at least another 30%. On the other hand Zinc will be the only industrial metal whose price will be stable.

[hiriam007] 11/8/2015 16:46

Very informative board. Ty.

[hooley] 11/8/2015 09:09

Free cash flow is the primary determinant of dividend paying capacity. Current profitability is a mirage. The majors run their businesses for cash flow. Mothballing and closure of marginally worthwhile/unprofitable mines is taking place. Asset sales together with pared capex completes the picture. Forget about China closing-up shop - it won't. It's at this point in the cycle that bargains can be had on a 5 year view. As a long-retired analyst of 30 years experience and a present investor, I don't expect to get in at the bottom and out at the top. In the meantime there's the comfort of a 5%+ yield - much better than a deposit at the local bank. Patience will bring its reward.

[xamf] 10/8/2015 19:02

Industrial metals index up over 6% today.. Dead cat bounce some may cry but I feel we could be about to see mining stocks regain some lost ground in the short term. Anyone have any insight into short positions held on BLT?
Edit..... China devalues the yuan overnight making commodity imports more expensive and hiting mining stocks to boot - so much for being positive.

[anley2] 10/8/2015 18:00

If you read what the board of RIO TINTO has said then I am sticking to what I said in my last post about the bottom of the metal and minerals market.

Forget the dividend cover look at the cash flow and how that is used within the company and both Rio and BLT have all this under control.

Forget what others say and if they were any good at their job they would have told the world to sell when these shares were 40% higher.....but they didn't......we shall see..............

[loganair] 09/8/2015 09:36

And in my good opinion is why the share are highly likely to go sub £10, actually quite well below the £10 level.

[togglebrush] 09/8/2015 06:40

PRESS
'
10 undervalued dividend shares for income AND growth
'

'
1. BHP Billiton – 7.2pc yield

Like other mining and commodity companies, BHP Billiton has seen its share price take a big hit, falling by 40pc over the past year. As a result its yield has risen to just over 7pc – a level that often signals investors’ fear of an imminent cut. Analysts expect profits to fall by 40pc this year and unless the firm’s fortunes change the dividend will be hard to maintain.

Stockopedia said the stock had the lowest dividend cover of the 10 shares at 0.76 – in other words, a quarter of the dividend payments is not derived from profits and has to be borrowed instead. Dividend cover of 2 or more is considered safe.

[anley2] 07/8/2015 09:42

Rio Tinto are cutting costs and BLT continue to do so and this for me is a start that the bottom has/is being reached.........bought again to average down.

[hiriam007] 06/8/2015 13:52

Cheers Logan. The sector really has taken an awful beating but will probably come good at some point.

[loganair] 06/8/2015 13:47

hiriam007 - I'm looking to get in at a price below £10.

[hiriam007] 06/8/2015 13:32

I keep watching this, thinking it must be a buy, then down it goes again. Anyone see a bottom or a catalyst for change of direction?