BHP Billiton Share Discussion Threads

[pixi] 27/5/2016 09:46

Looking good.

[idioterna] 25/5/2016 15:28

…and back above $28. Getting to be quite an easy trade, buy at sub-27 trade out at 28+. Probably time for a breakout before June arrives.

[idioterna] 18/5/2016 15:01

Logan you have a point, but more importantly the populations of China and India together represent about half the global population. I would suggest that the caste system in India has left them about two decades behind China in terms of educational development. Politics has also been a huge factor where the evolution of a centrist communist state gave the Chinese a huge edge in terms of industrial transition. I would say that India is too far behind to catch up. Remember they are going to be in ALL kinds of competition for those resources, so that 25% of the global population faces a tricky option.

[loganair] 18/5/2016 14:24

I am staggered to hear and read, China, China, China as in my opinion India with a population of over 1.33bln (18.2% of the worlds population. China only has a few more at 1.38bln)and the need to up grade its infrastructure will slowly come to the fore and become steadily more important than China when it comes to certain commodities.

India desperately needs to upgrade its roads, railways and airports and like with China in the past more and more of India´s population are moving into the cities and will need housing.

[idioterna] 18/5/2016 14:03

Yes it'd be a bit strange to pull the rug from under Vale & BLT just as the Chinese want to up Brazilian domestic steel production. Cutting off your nose to spite your face?

[loganair] 18/5/2016 13:49

It seems to me, that it will also mean that this steel making capacity will be closer to the Iron-ore that is also mined in Brazil, which is also another reason why I think that Brazil will not be that tough on the Samarco disaster. They may ask for huge fines, however that is a far as I think it will go.

[idioterna] 18/5/2016 13:30

That was an Aha moment! Thanks Logan.

[loganair] 18/5/2016 12:36

That´s why the Chinese are moving a good chunk of their steel making capacity to Brazil to specifically counteract such tariffs. All this capacity they are moving over is specifically designed for export to the Americas.

"it will help avoid the anti-dumping and anti-subsidy trade investigation that has been launched by Western countries against China," said Zhang.

The Brazilian government looks forward to the new project, which will boost local employment and increase tax revenue.

If all goes to plan, the project will not only meet Brazilian demand, but will also cover the needs of other South and North American countries, according to Xu Zhongbo, vice-president of the preparatory committee for the project.

[idioterna] 18/5/2016 09:28

The US has raised its import duties on Chinese steelmakers by 522%… It's gonna be an interesting few days.

[idioterna] 16/5/2016 08:32

If I was a TA guru this would look like being an up week.

[sirhedgealot] 12/5/2016 18:25

Cheers fellas. Wishing you guys a great summer. No doubt I will pop in from time to time.Chronic fatigue syndrome/M.E is the problem.May your shares feel the good side of the force.

[idioterna] 12/5/2016 14:46

Sorry to hear that Sirhedge, just returned from a month rehab for mine too. Incurable stuff can be tiresome at best. Good luck.

[essentialinvestor] 12/5/2016 14:13

Sirhedge, if BHP goes under that would be the least of your worries,
as it would be baked beans and an underground bunker time,
not something I would concern myself with.

[sirhedgealot] 12/5/2016 14:09

Had recent changes in my long term health as well to be honest. Got an incurable illness which I can't get support for (Thumbs up). Hope your Investing goes well mate.

[sirhedgealot] 12/5/2016 12:50

No I'm Investing. Value, growth. Usually hold from 6 months to 5 years.

[idioterna] 12/5/2016 09:12

When you say position, do you mean actual shares? Or are you just betting?

[sirhedgealot] 11/5/2016 22:41

It's rare that I'm scared out of a position. I usually hold my nerve well.

[sirhedgealot] 11/5/2016 22:39

I bought at £20 a share yes. I reconsidered that buying back in is all the is to do.I figure things must be bad if BHP go under but as you say. Considering the state of the globe...

[idioterna] 11/5/2016 16:32

You lost £7k? When did you buy? At £20 a share? No way I'd be taking that even if the capital situation looked bad,unless you think there will never be a return to the traditional dividend strategy. In my opinion that was a blip and the dividend will come in well over $1 next half. Prices are up, production is increasing and demand isn't slowing. Apparently commodity prices are making a fool of the market, but if you believe that you really shouldn't be here. IMHO the dividend alone will see you back in the black in about 4 to 5 years. Not that it'll help much given the state of the globe.

[sirhedgealot] 10/5/2016 13:57

I can no longer understand the situation so I sold. It's amazing that for decades they did well then to have all this loss of book value. Very tough call for me. Lost 7k

[anley] 10/5/2016 10:45

Well said and you stick to what you feel.......

There is so much personal speculation going on in China that some IO contracts are held for less than 3 hours. It may be that this and false trade figures coming out of China make it very hard to make commercial decisions. Best keep your powed dry.

[goldpiguk] 09/5/2016 20:49

Hi Idioterna and blueball,

I am now very glad I sold out of BLT when I did. There has been renewed shorting of BLT on the NYSE according to an article I read on 4 traders. In view of so much uncertainty surrounding this company it has become very difficult to put a buying price target on the share. In the short term at least it looks more one for traders than LTBH's like me.

Although ArcelorMittal has forecast an upturn in steel demand it also warned in its last quarterly statement that the global steel market remains vulnerable to excess steel capacity in China. Yes the worst may be over for steel but BHP has additional problems of its own in Brazil which I now believe will make BHP reluctant to hike its dividend until it has a much better understanding of the likely full compensation bill.

For the moment I will not be buying back in.

Goldpig

[idioterna] 09/5/2016 19:32

….yes and for that signal to be perfect it needs to drop about another 8%.