BHP Billiton Share Discussion Threads

[ny boy] 14/12/2015 13:34

No, not unless the World goes into a deeper recession than 08/09, possible but seems unlikely.

Cue will be the FED this week, could see a lot of volatility, better after the FED to start taking positions.

There will be plenty of Companies in the sector that will go bust but these should benefit over a longer term.

[rickmay] 14/12/2015 13:21

Who remembers BLT at £1 ? . CAN IT RETURN BACK TO £1 ? .

[ny boy] 14/12/2015 13:12

Not sure that low Rick!

It's starting to look oversold, maybe another 50-100p downside to come?

[rickmay] 14/12/2015 13:06

1997 TO 2000 IT TRADE FROM £1 TO £3. £2 TO £3 IS COMING.

[ny boy] 14/12/2015 12:45

Already cut through the Great Recession low 731p in 2008, now at near 10 year lows, 2005 low 577p approx

[rickmay] 14/12/2015 12:31

TARGET £2 to £3 still on TRACK.

[ny boy] 13/12/2015 22:43

For sure, the lowest these can go is 0p

[hooley] 13/12/2015 22:28

After a lifetime of working and playing the stockmarket - largely as a financial analyst - I have come to believe that history repeats itself over and over again. BP has yet to recover from the Gulf fiasco and BLT is confronted by the Samarco's dam collapse in Brazil. Yes, it is the cheapest producer in most of its minerals, but that's for later. Meanwhile the financial consequences have yet to be played out, not least by the short sellers.

[tpaulbeaumont] 13/12/2015 14:21

model support lies at 625, 585, 450 and 437.5

[loganair] 12/12/2015 22:02

SÃO PAULO, BRAZIL – State prosecutors in Minas Gerais, Brazil, announced on Thursday they were filing a civil lawsuit against mining company Samarco as well as its controllers, Brazilian mining giant Vale and Anglo-American company BHP Billiton for the dam accident last month in Mariana. The civil action requires funds be made available to provide adequate housing for victims, and requests Samarco block off 300 million reais ($79 million) for exclusive use in compensating and resettling those affected.

According to prosecutors, the civil lawsuit was filed after Samarco repeatedly delayed signing a commitment agreement that would legally guarantee the company’s obligations towards the victims of the incident.

“Given the company’s position on this, which causes great legal uncertainty for the victims, the prosecution decided to file the civil action,” said the statement released by officials.

In the statement officials also justify filing suit against Samarco’s two controllers, “It is understood that Vale is jointly responsible for the events, as there is evidence that the company used the Fundão dam to deposit mining residues from the Alegria mine. BHP Billiton, on the other hand, profited from the misuse of the dam, becoming co-responsible under the so-called “risk-benefit theory.”

Samarco officials, however, say that the company is doing everything possible to help the victims in a timely manner. “From the first moment, Samarco mobilized all of its available resources, human and financial, to cope with the emergencies and seek solutions to minimize the socio-environmental impacts resulting from the accident with the dam. We reinforce our commitment to continue providing all possible support to the families and communities impacted so far,” noted the company on Wednesday in release in its website.

In late November, Brazil’s federal government, along with the state governments of Minas Gerais and Espirito Santo, announced they were suing the three mining companies for R$20 billion (US$ 5.3 billion) in damages.

The toxic water, which spilled from the collapsed dam on November 5th, produced an estimated 50,000 tons of mud, which ran along the Rio Doce (Sweet River) all the way to the Atlantic Ocean. Towns along the river had their drinking water supply temporarily cut off due to possible contamination and entire communities of fishermen have been unable to work because of the contamination of fish and sea life.

[loganair] 12/12/2015 21:45

The reports on the mining sector I've been reading today say there is still more pain to come before we reach the bottom. Due to such a heavy debt load, Anglo American which is faces downgrade to junk even after restructuring plan on concerns that a restructuring program won’t be enough to offset a plunge in commodity prices,is likely to need a heavily discounted Right's issue which will dilute the current shareholder to almost nothing as was the case with Lonmin or will need to sell of it's crown jewels, the parts of Anglo that are still making money that will basically trash the company down sizing it into virtual oblivion. Rio is the best company in the sector as paying down it's debt.

Glencore came to the market with their IPO with in a month of the top of the Copper prices which at the time was the reason for the IPO which the management and private equity holders perfectly knew about in the same way Foxtons estate agents was sold by the family right at the top of the market.

The biggest problem is that due to China companies were opening up mines as quickly as they could, irrespective of the profitability of the said mines as they misguidedly thought that China would for ever more need more and more metals to build ever more and more infrastructure projects.

Basically the mining companies have got in to the trouble they have due to extremely poor management decisions in the same way the so call big 4 supermarkets are struggling now as they bought land at the top of the market to build more supermarkets which are no longer needed.

The mining companies that do survive will be stronger and more profitable as their weaker competitors will be out of the picture and no longer producing.

Not a lot about BHP, is that a good or bad thing...I do not know.

[loganair] 12/12/2015 11:15

dean - cheap money as the powers to be wanted us to get into even greater debt than we were before.

[deanroberthunt] 12/12/2015 08:56

too big to fail all over again.....it's coming.

the combined debt of AAL, GLEN, VED et al is just truly astounding!! how has it come to this again after the disaster of 2007/08

[idioterna] 11/12/2015 18:02

Given the average weekly action in the share price you should be able to pick these up for about 40p come january. I fail to see how anybody can believe that the global commodities industries are all about to go out of business.

The stockmarket equation is simple: As share prices fall alongside commodity prices then credit ratings soon start to follow. This will lead to an avalanche of closures and bankruptcies before the end of 2016.

But if you really think private equity can just toddle in and take over the sector you need only look at Glencore & Xstrata to realise the consequences. Disaster, and Glencore was at least vaguely involved in the business. If there really is a firesale in the sector then commodity prices will be through the roof in a few years time. This is not a sector that you want to see managed by spivs focused on short-term profits and short lead times. The consequences for the global economy would truly be disasterous. Just imagine a halving of supply alongside a steady increase in demand. Because that is the end game if you think the stockmarket knows best. There will be only two or three global producers left, a virtual monopoly. Of course BHP and RIO would be two of the survivors, probably controlling half the global production. But that is cloud cuckoo land. There is an enormous political aspect that's going entirely unregarded here. Mines are tough businesses to close. Just ask Margret Thatcher. Miners have often bought down entire political regimes and will definitely do so again if their livelihoods are threatened. The trouble is that capitalism thinks it will win because Maggie did (she got lucky with the Falklands war there too). Don't bet on it globally. Not all miners have a social welfare system to fall back on. Banks might be "too big to fail" in the eyes of capitalism, but global mining is too big to fail in terms political stability.

I'd not be too worried by a bunch of equity traders rampaging through the streets (with the exception of the Goldmans monkey), but I'd feel a tad more worried if the great unwashed feeling hungry and angry turn up in their thousands in the back garden. This chapter could well do for capitalism if it doesn't wise up.

[rickmay] 11/12/2015 14:57

How much more longer before the BEGGING BOWL comes out ? TARGET £2 to £3.

[careful] 11/12/2015 14:51

i hold these.
i do not expect a dividend.
the first prize is survival.
the second prize is surviving without asking me for rights issue cash.

[rickmay] 11/12/2015 14:47

DIVI Going to be cancelled. TARGET £2 to £3 ..it's coming folks.

[anley2] 11/12/2015 14:21

But the business carries on...............

"The partners in Australia’s largest oil and gas venture approve a $2B expansion in the North West Shelf project, its fourth major gas development in the past seven years.

The Greater Western Flank Phase 2 off the northwest coast will develop 1.6T cf of gas from six fields, and begin production in H2 2019, according to project operator Woodside Petroleum.

Six partners in the project hold equal 16.67% shares: In addition to Woodside, the partners are BP, Chevron, BHP Billiton, Royal Dutch Shell, and Japan Australia LNG, which is a joint venture between Mitsubishi and Mitsui."

But the shares are still going down...............

[deanroberthunt] 11/12/2015 14:18

7 squid gone, next stop 5 squid....don't think it'll be long in the 6's

[rickmay] 11/12/2015 12:10

You will get bounces BUT £2 to £3 is coming !!!

[deanroberthunt] 11/12/2015 11:09

here come the £6's

[tpaulbeaumont] 11/12/2015 11:07

will run me ruler over this during wknd and report the models levels, think 550 ish as monty said was a level from memory

[tpaulbeaumont] 11/12/2015 11:05

that crazy auction and retest earlier in the week was a gift, 10%-20% up for grabs, for the nimble fingered adrenalin-junkie obviously