BHP Billiton Share Discussion Threads

[rickmay] 20/1/2016 07:26

METALS n OIL not good.
TARGET STILL ON TRACK £2 TO £3 it's coming folks.

[nw99] 20/1/2016 07:22

Morgan Stanley anticipates a roughly 40% cut. Even a reduction of that magnitude would leave BHP with an attractive yield and strong balance sheet compared with its peers, the bank says.

[rickmay] 19/1/2016 15:11

TARGET STILL ON TRACK £2 TO £3 it's coming folks.

[idioterna] 19/1/2016 10:15

The BDI has traditionally been a good indicator of global trade, but one wonders if it has quite the same value today. For instance, China imports commodities, not much else and, at least in Billitons' case, suppliers maintain their own fleets. There isn't much point in BDI from that perspective. Personally I think BDI has become more of an indicator for the dire state of the European economy and weakness on that demand side. Both the Clarkson index and the BDI will only be true indicators once Europe increases exports.

[hooley] 19/1/2016 09:51

If you want to know what's going on in the world outside the MMs and Hedgies dealing rooms, check the Baltic Dry Shipping Rate Index - it's down 70% since August.

[idioterna] 19/1/2016 07:57

Yes, I very much doubt this will be settled in court, neither Vale nor Brazil want this one getting to an international courtroom. By the way, the mud was not toxic, according to two independent tests.

[loganair] 18/1/2016 21:27

Brazil says Vale, BHP Billiton presented plans for Rio Doce recovery:


Miners Vale and BHP Billiton have presented plans for recovery of the Rio Doce river after a dam burst at their iron ore venture unleashed toxic mud in November, Brazil's Environment Minister Izabella Teixeira said today.

Teixeira said the government had estimated 20 billion reais ($5 billion) were needed to clean up the river but did not say how much the companies had offered to pay. She said progress had been made on the negotiations, however.

[idioterna] 18/1/2016 20:33

If these were valued at 10c I couldn't care, but I'll get really angry if they cut the dividend and redistribute it to the rich. If management aren't doing a good enough job already why on earth would they do better with more assets? No way they should acquire a shovel let alone a company if they can't manage a dividend on earnings like this.

[ny boy] 18/1/2016 19:07

Only half price since 1200p in October, just another 599p to go by March.

[idioterna] 18/1/2016 19:01

The day Billiton "bites the dividend bullet" in order to purchase "other companies more distressed assets", is the day to stop investing in floated companies. You take away the dividends and give them to investment bankers. What are pensioners supposed to live on? What do you tell your poorer shareholders.

They should be quite clear that even if investment bankers hold 90% of all companies listed, they are still just one or two suits. Not tens of thousands of hungry miners. History is a great indicator. You strip those assets for long enough you get a revolution. Stop listening to these greedy idiots now.

[anley] 18/1/2016 12:08

An interesting comment from Togglebrush but could he put some more meat on the bone..........difficult to know where one would get estimates from..........

[loganair] 18/1/2016 08:18

Toggle - In my good opinion at best Iran needing to rebuild may stabilize commodity prices. Remember China was spending and still is spending many more times then that every year.

[rickmay] 18/1/2016 08:14

ANOTHER 50% TO 70% FALLS STILL LEFT TO FALL.!!! It's coming folks.

[rickmay] 17/1/2016 20:47

TARGET STILL ON TARGET £2 to £3 it's coming folks..

[togglebrush] 17/1/2016 12:06

IRAN has £38 billion of funds just released and available
after sanctions lifted the first formal agreement between the United States and Iran in 34 years
... possible mass market customer for commodities to reform and rebuild the infra structure ???

[loganair] 16/1/2016 11:38

Will BHP Billiton's Dividend Suffer After Write-Down? - BY BILL PETERS


Australian miner BHP Billiton (NYSE:BHP) said Friday it would take a $7.2 billion write-down on its onshore U.S. shale assets due to low oil and gas prices, the latest bad news to come out of a mining industry that has suspended dividend payments as commodities dive.

Like some other miners, BHP has steadily raised its dividend over time. But as commodity prices sink, in part due to weaker demand in China, mining giants such as Freeport-McMoRan, Anglo American and Glencore have announced plans to suspend their dividends.

BHP Billiton shares closed down 6.9% in the stock market today. Freeport-McMoRan rose 3.6% after sinking earlier, Vale pared its losses to 2.9%, and Rio Tinto gapped down to finish 6.3% lower.

BHP Billiton said it will also cut its onshore U.S. operated rig count to 5 from 7 in the third quarter, adding that its spending plans for the rest of the year are "under review, with a focus on preserving cash flow."

The company also cut its medium and long-term gas-price assumptions. But it said it expected oil prices to rebound, despite dimming its price expectations "for the short to medium term."

Still, the write-down leaves the company with onshore U.S. assets of around $16 billion. In 2011, the Wall Street Journal said, the company invested around $20 billion into its shale and gas division amid a U.S. oil boom that flooded the market, ultimately driving prices down and hurting shale players.

BHP also cited "the disruption of OPEC and stronger-than-anticipated non-OPEC production" as a factor in the oil-price drop. OPEC has opted to keep up oil production, pressuring U.S. companies even as some member nations, like Venezuela, want the cartel to let prices rise to shore up their economies.

Freeport-McMoRan, Royal Dutch Shell and Anglo American are among the energy companies that have taken similar write-downs in recent months.

BHP has also halted development of its dry gas acreage and is facing a $5.2 billion lawsuit related to a dam collapse at a mining facility it operates in a joint venture with Vale that wreaked havoc on the surrounding area.

[idioterna] 15/1/2016 16:48

Cheap. Cheap enough for an investment banker to have acquired an even bigger bonus for advocating and conduiting an acquisition?

[montyhedge] 15/1/2016 09:17

P.e still 25 it's crazy I see 285p.

[montyhedge] 15/1/2016 09:15

Forget the dividend, then what's this worth.

[hooley] 15/1/2016 09:01

While the MMs and Hedgies can safely short, they will take the price down much lower than fundamental analysis would indicate. Shades of 1974 keep coming back to my mind, a period I worked through as an analyst. But when the tide turned - whoosh like a rocket. But that comes later. I'm watching and waiting.

[edjge2] 15/1/2016 08:12

Don't see this below 550 but then when will the commodity bashing switch. First hints now as above. 5% divi nice after cuts.