BHP Billiton Share Discussion Threads

[ny boy] 28/11/2015 22:53

Zero rates coming to an end, that fuelled the rally off the 08/09 lows, nothing to do that this time, sliding to below 500p over the coming months

[silkywhite] 28/11/2015 19:21

LOL I see the rank amateurs are turning up now. my retirement fund instead of going off on a rant why not spend a few minutes doing some basic research. The tailings dam was authorised and passed regular safety inspections. You seem to think Billiton just decided to build a dam on a whim. LOL you are clueless and should not be posting.

Reasons why BHP Billiton may not be not liable.

1. The dam passed regular safety inspections
2. Its owned by a limited liability company jointly owned by Billiton and Vale. The Brazilians can jump up and down all day long but the buck stops there. That's the law.
3. Newspaper reports say Vale, not Billiton may have been reponsible in some way for exceeding their quota of tailings into the lake behind the dam.

No one knows the reasons yet but if its discovered its not BHP then these shares could easily add 20%

[careful] 28/11/2015 17:31

the dam accident does not help.
but let us not get carried away.
It is not critical.

If BLT have to pay out $4bn as its share of this disaster, spread out over a few years, it is peanuts compared with it s huge balance sheet.
BLT have assets of $70bn.

The cap value after share price falls of the last year has fallen from $53bn to $27bn.
Barring armageddon everything must be in the price with a bit to spare.

[deanroberthunt] 28/11/2015 16:37

couldn't have come at a worse time.....like some geezer going 5 rounds with Tyson, then just when he think it overs, Tyson tag teams James Toney

[montyhedge] 28/11/2015 15:05

Toxic, 400p here we come.

[deanroberthunt] 28/11/2015 14:42

why don't RIO/BLT merge....

[deanroberthunt] 28/11/2015 14:40

oh dear, they've finally accepted there are toxic elements in the river

[essentialinvestor] 28/11/2015 11:52

No one knows where the low will be, everyone is guessing, some may prefer
to think of it as educated guessing but the same applies.

The brokers were unanimously bullish at the top of the cycle with their buy
recommendations and they are likely to be unanimously bearish towards the
cycle low with sell notes.

I think the next stage for the sector are multiple RI's coupled
with production cuts which will remove capacity from the sector,
that will be near the low imv, however the market may begin to anticipate
that in advance benefitting the stronger companies.
Refinancing will not be an option for the very weakest which will go to the wall -
just my take.

[adorling] 27/11/2015 22:31

My Retirement a fund - good luck with your short position - hope it is as big as my long investment today - let's see who is in profit in the next 12 months?

[celeritas] 27/11/2015 22:24

People were saying the same back in 08 09.

[rackers1] 27/11/2015 22:16

Agree with NY boy


Plenty more legs to the downside in this dog

[loganair] 27/11/2015 21:49

Brazil's Vale and Anglo-Australian BHP Billiton will create a fund to clean up the Doce River and its tributaries after a massive mine mudslide in the southeastern Brazilian state of Minas Gerais flooded seven villages and left at least 13 dead before reaching that waterway.

The mining giants - two of the world's three biggest - said in a joint statement that they would contribute a still-undetermined initial amount to the fund and were seeking out financial support from other private, public and non-governmental organizations to ensure the "rescue and recuperation effort of the river system for the longer term."

The launch date has not yet been established, but the companies said the fund would be "put into effect as soon as practicable."

The Nov. 5 disaster occurred when dams holding back water and mine residue at an iron-ore complex operated by the Brazilian company Samarco - a joint venture of Vale and BHP - burst for reasons that remain unclear.

"The fund would focus on supporting the remediation of the river as part of the commitment of Vale, BHP Billiton and Samarco to the aquatic environment following the release of the tailings into the Doce basin," the statement read.

Tailings are the waste material that remains after ore processing.

Brazilian courts have frozen around 590 million reais (some $158 million) of Samarco's funds in the wake of the avalanche of nearly 62 million cubic meters (2.2 billion cubic feet) of mine residue.

The mudflow traveled for 650 kilometers (400 miles) down the Doce River, one of the largest in southeastern Brazil, before reaching the Atlantic Ocean last Sunday.

[essentialinvestor] 27/11/2015 21:19

BHP is in a different league to AAL imv, having said that have not been
brave enough to buy any BHP so far.

There will be a rip your face off rally at some point, so may close my
eyes and buy just a small position next week, see how it looks then.

[my retirement fund] 27/11/2015 20:46

Support levels, you wont be saying that if it drops below £7 will you me old china.

Anglo American has taken a tour back past 1999 and is headed toward pre-historic levels.

By all account BLT has some way to go then?

[adorling] 27/11/2015 20:32

Good to see the 2005 & 2008 support level at £8.00 hold firm and provide a great re-entry point today.

[ny boy] 27/11/2015 18:56

The commodity rout has only just got going, next year will be catastrophic for many players in the sector, especially those with large debt loads. Why would any sane person buy any of these stocks now, it's way too early, the charts are all showing much further downside, the charts don't lie.

[richard98765] 27/11/2015 18:29

Expecting the divi cut to offer 6% yield taking into account the inevitable drop on announcement day, thus providing a decent top up opportunity in the future

[brutus8] 27/11/2015 16:38

Apparently this is then pay out so far:The company agreed last week to pay the Brazilian government 1bn reais (£170m; $260m) in compensation.The money will be used to cover the initial clean-up and to offer some compensation to the victims and their families.Once they Arabs get rained in we should see an in provement in commodity prices and if they sort Syria out and decide to rebuild it by western standards and not mud huts, better still.

[loganair] 27/11/2015 16:03

As I am a long term investor, I've just invested for the long term and accepting the fact that there is most likely to be a 50% cut in the dividend which will mean that BLT are still yielding around 5%.

[idioterna] 27/11/2015 15:38

Well that's it for me. Just a matter of dropping in on divi day after a hard day on the golf course. Have fun folks.

[idioterna] 27/11/2015 15:16

Just trading out of my remaining RIO and into BLT. The yield is 9,3% now. Folks must be mad to ignore this.