Share Name Share Symbol Market Type Share ISIN Share Description
BHP Billiton LSE:BLT London Ordinary Share GB0000566504 ORD $0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +31.50p +2.27% 1,419.50p 1,416.00p 1,416.50p 1,418.50p 1,383.00p 1,390.50p 12,906,032 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 29,389.4 7,923.7 85.0 17.1 29,980.86

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BHP Billiton Daily Update: BHP Billiton is listed in the Mining sector of the London Stock Exchange with ticker BLT. The last closing price for BHP Billiton was 1,388p.
BHP Billiton has a 4 week average price of 1,314.50p and a 12 week average price of 1,292.50p.
The 1 year high share price is 1,518.50p while the 1 year low share price is currently 1,103p.
There are currently 2,112,071,796 shares in issue and the average daily traded volume is 7,777,862 shares. The market capitalisation of BHP Billiton is £29,980,859,144.22.
loganair: By James Mickleboro: In afternoon trade the BHP Billiton Limited (ASX: BHP) share price has edged higher to $26.64. This small gain has brought the mining giant’s year-to-date return to almost 7%. But according to one leading broker the BHP share price could still have a little further to run over the next 12 months. A research note out of Deutsche Bank this morning reveals that its analysts have retained their buy rating and increased the price target on its shares to $28.50. According to the note, the broker has increased its price target after making positive adjustments to its iron ore earnings forecasts. Should you invest? In my opinion, an investment in BHP comes largely down to whether petroleum and iron ore prices remain favourable. Combined these two commodities accounted for approximately 65% of company EBITDA in FY 2017. As I’m more bullish on oil prices now than I was last time I looked at BHP, I would agree with Deutsche that it could be a good time to pick up shares . Margins in iron, coal and copper were significantly higher over the last half-year. BHP Billiton has removed substantial cost from its operations, and is much more efficient than it was 5 years ago. Cost savings have continued, with some $2 billion in additional productivity gains. Capital expenditure has continued to moderate and, perhaps most surprising, margins have increased significantly. Five years ago or so BHP Billiton said it would "emerge stronger" on the other side of the commodities downturn. That was not an idle promise. BHP has emerged and it is much stronger, with both a lower cost structure and less debt. Basically, BHP has reduced capital expenditure to where it just offsets declines in production. Next year capex is expected to increase to $6.9 billion, but even then, the cash flow situation will be just fine. Over the last twelve months, BHP generated $16.8 billion in operating cash flow, spent $4.6 billion in GAAP-recognized capex, leaving $12.2 billion in free cash flow. The next twelve months' dividend, if the dividend per share remains the same, will be $5.3 billion. That leaves a lot of excess cash flow, which I suspect will go towards further debt reduction or a higher dividend. Management more than doubled the dividend in 2017. A solid choice for income investors: I was nervous about getting back into BHP thirteen months ago, when shares were $6 lower than where they are now. Today, however, I'd like to recommend BHP for income investors. Yes, I missed the bottom near $20, but BHP is now on much more solid ground, and has an attractive dividend. Commodities appear to have broadly bottomed and seem to be going higher. In general, there are very few 'greenfield' projects out there and demand continues to tick higher for most hard commodities, including iron and coal. At present, BHP Billiton is spinning off lots of cash, and it will continue to do so as commodity prices rise or at least remain stable, which I believe they will. I think BHP is now quite a good income play, and I believe that income investors who buy in now will not regret it in the long run.
loganair: The BHP Billiton Limited (ASX: BHP) share price was dumped 3% on Wednesday, continuing its recent falls. In just one month, more than $10 billion has been wiped from BHP’s market value. Why? At the end of April, ‘The Big Australian’ released its operational report which showed a fall-off in production in its petroleum and copper businesses. However, that likely doesn’t explain the company’s recent falls. Looking further afield, it’s easy to see that the issues crippling its share price most likely stem from falling commodity prices. In May, here’s how the prices of BHP’s key commodities moved: Iron ore – down 13% Copper – down 1.5% WTI Crude – down 5% Thermal Coal – down 11% Oil, which accounts for a huge chunk of BHP’s business, has continued to fall since May. It’s fallen from $US48.36 to just $US42.62 per barrel, according to Bloomberg. In other words, it’s down a further 12%.
loganair: According to financial news wires the analysts at investment bank Macquarie Group ) have reportedly put a bullish $30 share price target on Australia’s largest miner in BHP Billiton. The Macquarie analysts reportedly enjoyed BHP’s latest update provided by its CEO at the Merrill Lynch Mining Conference in which a plan to cut costs and lift production by the “release of latent capacity across the portfolio” was outlined. Plans to grow profits on the relative cheap by investing in “latent” capacity rather than new projects are always popular with investors and BHP’s share price edged higher in afternoon trade. At the conference the BHP chief also outlined plans for “major growth projects” valued at up to US$25 billion that could offer “potential average returns of over 16 per cent at consensus prices.” Some of the projects under consideration are at the group’s Olympic Dam site and elsewhere around the world. The CEO also addressed the future of BHP’s shale oil assets by flagging that all options were on the table for them including “asset sales”. This is likely to please activist investors who recently have been campaigning for BHP to realise value by selling them off.
loganair: The BHP Billiton Limited (ASX: BHP) share price has so far managed to rebound 1.6% today following yesterday’s sell-down. The BHP share price is now fetching $24.30, compared to a recent high of $27.95. BHP Billiton has been one of the market’s top performing blue chip shares over the past 12 months, lifting around 38% during that time. Although it started 2017 on another high note however, the BHP share price has since taken a turn for the worse and is trading 3% lower since the year began. The reason for yesterday’s decline appears to have been a sharp fall in the price of both iron ore and oil – both of which BHP produces. The iron ore price fell 4.3% on Tuesday and another 3% overnight to just under US$85 a tonne, according to The Metal Bulletin, while oil prices were trading 0.6% lower as well. Although commodity prices are prone to fluctuations, the movements over the past two sessions are bound to make some investors in the sector anxious. After all, both iron ore and oil have skyrocketed in price since bottoming out in early 2016. But with particular regards to iron ore, there are some predictions that suggest a sharp decline is in store for the commodity before the end of 2017 which has the potential to drag heavily on the BHP share price, together with the share prices of rivals Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO). For instance, The Australian Financial Review recently reported: “However, for all that commodity’s price gains defied predictions in 2016 and early 2017, many analysts now believe new supply, high inventories, and insufficient demand are setting iron ore up for sharp losses in the second half of this year.” Now, BHP is one of the lowest cost producers in the world, as are Rio Tinto and Fortescue. But falling iron ore prices would still have an impact on their margins and hence, their ability to generate stronger returns for shareholders. Because of its diversification, its long operating history and its lower costs, BHP is justifiably one of the first miners investors should look at for exposure to the sector. But after its strong run, and the risk of a pullback in commodity prices this year, investors ought to approach with caution.
loganair: By Owen Raszkiewicz - Rio Tinto and BHP Billiton are two of my favourite mining companies, but I would not buy their shares today. The share prices of BHP Billiton and Rio Tinto have rallied over the past year. Given both companies are resources businesses focused on producing commodities such as iron ore, coal, copper, oil (in BHP’s case) and aluminium, both companies’ share prices have soared in response to an increase in market prices. Indeed, every single one of those commodities has rallied over the past 12 months. Iron ore, for example, is up over 101%. The basis for the gains in iron ore, coal, copper and aluminium are often attributed to China’s huge stimulus packages. In 2015, China upped its stimulus to 17.6 trillion Yuan — the equivalent of $US 2.56 trillion (with a ‘t’). Still, its deficit widened. For comparison, Donald Trump’s election campaigning promised $1 trillion on infrastructure spending over 10 years. Some anecdotal evidence suggests that it is the equivalent of what China spent in nine months in 2016. Another boost to BHP’s share price is the rally in oil prices. This has come about because OPEC, a group of countries whose economies depend on oil to reach break-even, finally agreed that enough high-cost producers from the U.S. shale oil fields were forced out of the market and decided to cap production. OPEC capped production so prices would rally. And they have. In summary, you can see why Bloomberg, Sky News, CNBC and every other financial news channel devotes so much of their time to understanding political decisions from China, the USA, OPEC and the rest. That’s too difficult for me. What I’m trying to emphasise here is that while Rio Tinto and BHP Billiton are more likely than most to weather a downturn in commodity prices — they are heavily leveraged to the industry by nature and design. That means, if commodity prices fall, their share prices could also head south — and quickly. If I were to pick one, I would choose BHP. But like I said at the beginning of this article, I’m not a buyer of any of them. And if I held shares I would want to make sure I’m not overexposed to the sector throughout 2017.
loganair: Now Is The Time To Reconsider BHP Billiton by Ivory Wolf: Summary BHP Billiton has been at the center of much controversy in recent times with the downward spiral of commodity prices, alongside the death of 19 people at the Samarco mine. Now is the time to strongly reconsider a medium-to-long-term investment proposition in this company for a number of reasons. BHP Billiton pays a dividend yield of 1.78%, has a manageable debt-to-equity ratio, and possesses a healthy cash flow to "weather the storm" of relatively low commodity prices. The opportunity presented provides a direct prospect of asymmetric risk/reward with a risk-reward ratio of 2.97, with a clearly defined exit stop loss for BHP Billiton in underlying Australian share ownership. Context - Why does this opportunity exist? Why is the stock underpriced? I firmly believe that this is the time to strongly reconsider a medium-to-long-term investment proposition in this company for a number of reasons. Firstly, BHP Billiton is well renowned as a diversified mining company that spreads its exposure to multiple markets and commodities, which is particularly important in the light of current and upcoming events, including the volatile gold and silver markets, as well as the Brexit issues, U.S. Presidential Election, and looming (yet inevitable) interest rate hikes that are speculated towards the end of the year by the U.S. Federal Reserve, all of which are creating increasing uncertainty with each passing day throughout the markets and within the minds of investors, both institutional and individual alike. However, it cannot be ignored that the share price performance of BHP Billiton has been stellar over the past month, in particular, whilst the overall S&P index has essentially tracked sideways to negative, even amongst increased uncertainty in the markets and recent market turmoil. I expect that this will continue as investors search for a "safe haven" for active investment (as an alternative for bonds) to place their hard earned money over the next year. In addition, BHP Billiton is considered a darling "blue chip" Australian stock that is favored strongly by Australian superannuation companies, so I expect that any positive trends in the share price performance will be viewed quite fondly by active managers of such companies who are required to invest their client's funds in the share market and are actively hunting for growth. From a technical analysis perspective, since the share price had been observed plunging to multi-year lows in January 2016 by the markets for all BHP listings, the company's share price performance has leveled out for the past nine months (Figure 1). It appears that the market's natural tendency of a "short memory" with respect to the Samarco mine tragedy, the recent rising trend in commodity prices such as crude oil and metallurgic coal, and a technical analysis breakout which is currently occurring, indicates that buyer's interest is re-emerging once again. On a fundamental analysis perspective, BHP Billiton has improving foundations of strength and pays a moderate dividend yield of 1.78%. BHP Billiton's balance sheet possesses a manageable debt-to-equity ratio of 67.1% and a healthy cash flow of A$2.74 per share (which, according to the Health Ranking Model, is below the benchmark 75% for debt-to-equity, and indicates that BHP Billiton has enough cash to cover 3 years' worth of negative cash flows, respectively. These strengths in BHP Billiton's balance sheet are useful in order to "weather the storm" of relatively low commodity prices (compared to historically higher prices) in the face of BHP Billiton's current Earnings Per Share [EPS] of -$1.57, with long-term 5-year EPS growth of -117.2%, which is well below the Intelligent Investor Value Model's benchmark of 30%. With the investigation of the Samarco mine disaster now complete, and commodity prices now trending upwards, I believe that investors are finally starting to see the true value in BHP Billiton and that all of these factors combined are changing investor perception and driving the catalyst for change. Friday's close is still a far cry short of BHP Billiton's 2015 high of $31.07, which is a reasonable target for the company's share price considering worldwide underlying fundamental demand for commodities. Looking forward, it is well renowned that Australia's mining industry has been slowing down over the past number of years, but BHP Billiton has the reputation for diversification in order to overcome such slow downs, which could see BHP emerge well on top of its competitors in the mining space. I expect the same can also be said about the upcoming Brexit issues which are expected to be reaching a pinnacle by March 2017 based upon recent news commentary, which will be particularly interesting to observe with respect to how BHP Billiton's company performance will compare to others such as Rio Tinto and Glencore- Although the announcement of the company's first dividend cut in almost thirty years would have been disappointing to shareholders in the first instance, I'm personally impressed that this was accompanied by an abandonment of payout policy/capital spending, which shows that management is committed to long-term development and restructuring of the internal mechanics in keeping the company running smoothly and profitably. In addition, as alluded to earlier in this article, the company is showing incredible resilience with respect to its share price performance in recent times, even when faced with a number of issues from a variety of sources - volatile gold and silver markets, Brexit issues, the U.S. Presidential Election, and looming interest rate hikes. I believe that all these factors combined are true positives for the company and set to increase investor sentiment and BHP Billiton's reputation further, which should be a catalyst for share price appreciation in the future and a great medium-to-long-term investment proposition in this company. Time frame - Is this a multi-year play, or a short-term opportunity? It would not be unreasonable to expect a time frame of six to eight months for a steady rate of return once more. This time frame appears to be more aggressive compared to that provided by Stoxline, which currently projects a six-month target of A$26.34 and a one-year target of A$30.76 in the underlying Australian share price for BHP Billiton. As individual investors, we aren't fully aware of the intricate underlying details "behind closed doors", so it is important to be mindful of anything that just doesn't "feel right" within the financial and technical analyses that you observe. Know your risks, know what's available, and if you don't understand it, don't get involved (or close out of your position). Remain in control - after all, it's your hard earned money that you're working with, isn't it? In relation to this particular trade in BHP Billiton, the underlying Australian share price movement is already heading in the right direction (up). The first test that the underlying Australian share price will face is the resistance point at A$25.88, which was the swing high formed on 01 September 2015. Should the test of this resistance fail on the first attempt, don't despair, the trade as a whole will not fail unless the support level of A$19.69 is breached (i.e. a close in the underlying share price forms below this point). This provides plenty of "wiggle-room" for the share price to "move".
anley: If there is a world glut of steel - and there is - then at some point the Chinese will stop IO imports. When that happens the price of IO will go down and that will impact on the cash flow and subsequent profitability for BLT. Simple economics and that is why the BLT share price is drooping nearly every day...........
loganair: BHP Billiton expected to cut dividend payouts to investors amid commodity rout - By business reporter Sue Lannin. The world's biggest miner is under pressure to slash dividend payouts to investors when it releases its half-year results later this month, as the price of resources like iron ore and oil plummet. Falling commodity prices, multi-billion-dollar write-downs and the mine disaster in Brazil have crunched BHP Billiton's share price and earnings. Resources analyst, David Lennox, said BHP is expected to post a loss for the first half of the 2016 financial year. "They will report a loss primarily on the back of the fact that they will have to write-down and the company has already flagged impairment charges against their assets," Mr Lennox told The Business. "So we are expecting earnings to come in at zero to minus $250 million for the half year result." BHP warned to get rid of current dividend policy: Giuliano Sala Tenna, investment adviser at Bell Potter Securities, said BHP should get rid of the policy. "I think it confirms what a lot of market commentators have been saying for a long time now that it's a little bit foolhardy for BHP to be blindly wedded to a progressive dividend policy when clearly the earnings are under a lot of pressure," Mr Sala Tenna told The Business. Last year the big miner paid out $US6.6 billion in dividends. It made $US1.9 billion in net profit in 2015, down nearly 90 per cent from 2014. Aberdeen Asset Management is BHP's second biggest investor in Australia and it believes the progressive dividend policy is unsustainable. Aberdeen's head of Asia Pacific Credit Research, John Manning, said he expected BHP to halve interim dividend payouts from $US0.62 to $US0.31. "What they need to do is make the future distributions more sustainable," Mr Manning said. "That, in our mind, moves it away from a progressive toward a percentage payout ratio, something along the lines of a percentage of free cashflow." But Matthew Haupt, portfolio manager at Wilson Asset Management, said the loss of the progressive dividend would be a blow for mum and dad investors. "Retail investors like dividends so I think if BHP cut their progressive dividend it [will] definitely send a signal to the retail investor about the future income from this company," Mr Haupt said. At the last November annual general meeting BHP chairman Jac Nasser refused to guarantee the progressive dividend policy as the company faced a barrage of questions from the media. Mr Lennox thinks the miner will not cut dividends until its annual results are released in August. He said no dividend cut could mean BHP would have to rely on debt to pay dividends to investors. "There is no doubt if they do borrow heavily or borrow more to actually pay out a current dividend rather than perhaps use money to focus on growth then you would expect the credit ratings [agencies] would look at downgrading them a little further," Mr Lennox said. Mr Haupt thinks BHP will not cut its dividend until later in the year at the annual results, even if that means another credit ratings downgrade. "Even if they cut the dividend by 50 per cent so they will still be pushing along the bottom end of the S&P range so there is a definite possibility the rating gets cut to A- after the result," Mr Haupt said. Mr Manning wants to see BHP Billiton take urgent action to keep its A credit rating by cutting dividends and capital spending. "The cards have laid on the table by the ratings agencies. Now is the time for management to step up to the table and to act," Mr Manning said. More pain predicted for share price: BHP Billiton's woes have seen its share price drop by half over the past year to a low of $14.06. Barclays predicts the share price could fall to $10.50. Mr Haupt said Wilson Asset Management would be prepared to buy BHP shares if the price fell below $10. "Under $10 you would definitely have to have a look at it because the company produces quite a bit of cash and I think the underlying assets are of acquired value," Mr Haupt said. Mr Sala Tenna said there are more risks for BHP if the resources rout continues. "BHP does have leverage to the energy markets so if we see a recovery in those prices that would signal a short term trough in their share price, but certainly the outlook for iron ore and copper looks fairly challenged over the next 12 months," Mr Sala Tenna said. Despite the challenges, Mr Manning says Aberdeen Asset Management plans to keep investing in BHP Billiton. "They are in our minds one of the strongest mining companies globally so they are very well positioned if we do go into a sustained downturn," he said.
loganair: orinocor - Depends whether one is looking short or long term. In my good opinion, long term I'd plump for BLT as it is one of the lowest cost miners of the commodities it mines and therefore when the prices begin to pick up again there is a greater likelihood of BLT share price gaining more than RIO with also a higher dividend yield, going forward long term. I am a new investor into BLT and invested knowing there is a good probability of BLT dividend being cut by up to 50%, any thing less will be just an added bonus. Coal, one of the 4 main comedies BLT mines - India has announced the building of 30 coal fired power station to increase electricity generation 4 fold. 'India imports 18.9 million mt coal in December, up 11% on month.'
bobsidian: "...only 14 per cent above its 115-year average of $39 a tonne." And as we all know bear markets have a habit of falling below averages particularly when mining entities extract at a pace to maximise the potential for marginal income whilst choosing to ignore whether or not there is an end market for their output. Utter insanity. It will be interesting to see the share price performance of BLT tomorrow on the back of the latest broker recommendations. As usual you cannot help but get the impression that brokers are following rather than leading share price movements. The management of the big guns in the mining world may be about to realise that not even they are immune from the consequences of breaching any debt covenants. The share price performance of STAN - one of the banks perceived as most exposed to the debt of mining companies - may be interesting going forward. Noteworthy that AAL tracked the move lower by BLT, that the share price of AAL is not just trading below its 2009 low but is trading at a 13 year low, and that AAL is announcing its interim results on Friday. It will be interesting to see whether or not AAL moves to scale back its dividend payout. It may be that market forces are moving the AAL share price in anticipation of such an announcement. If this is indeed the case then it is anyones guess as to its share price reaction on Friday given that AAL has also pre-advised on as much as a further $4 billion of accelerated asset writedowns linked to commodity price performances for the year to date. If the share prices of BLT,RIO and AAL continue to tumble then the only way the FTSE100 will be able to resist a significant fall is by continuing to push ever higher its insanely overvalued constituents. PRU,NXT,WTB,ARM amongst many others come to mind whose valuations currently seem in the realms of La La Land and by so being they seem to be pricing too distant a future into the present.
BHP Billiton share price data is direct from the London Stock Exchange
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