Ripley94
22 Jun 2018
in BLT… XXXXX When i posted on first buy 26 Nov 15 i wrote better bet than all the AIM rubbish ??? Bigger company’s do go bust but not as often . I see i topped up 8 Dec 15 so it must of fell further. Took a slice today @ 1650p its been bouncing off this price for sometime always in the first hour or two.
II Editor
25 May 2018
NEW ARTICLE: The world's 10 biggest dividend payers "The world's 10 biggest dividend payers handed out a collective $40.36 billion (£30.27 billion) in the first quarter of 2018, up from $37.42 billion in the previous year, according to Janus Henderson's Global Dividend Index.However, despite the ..."[link]
Hydrogen Economy
06 May 2018
Re: Barclays recommends BHP Billiton over Ri... RedfoxThanks for posting, an interesting perspective. I guess short term BLT may do well if they can offload their shale at a good price, timing is good (not sure if that was good planning or good luck as PoO has moved up since the plan was announced). It looks like there is a fair bit of interest, including from the majors so should go well.It doesn't sound like there is much more to it other than additional asset sales which doesn't help forward earnings. I suspect any attempt to do an OPEC on Iron Ore would be undermined by competitors (who's core skill is after all undermining).The challenge to dual listing seems like a risk to BHP.I have been slicing BLT into the rise (also RIO at a slower rate), now hold but a few BLT and a moderate chunk of RIO. Would be tempted to buy back both if SP dipped.H2.PS enjoyed the link in your piece which opened a new BLT post, that had me scratching my head.
red fox
05 May 2018
Barclays recommends BHP Billiton over Rio Tinto From Hargreaves Lansdown(Sharecast News) - Barclays analysts upgraded BHP Billiton's rating to 'overweight' on Friday and reduced that of Rio Tinto to 'equal weight', citing an expectation that BHP will close ground on Rio Tinto following five years of underperformance.Register for Rio Tinto plc share research updatesIn a research note sent to clients, Barclays said the driving factor is the projected monetisation of BHP's US shale acreage, with potential upside depending on valuations attributed to the Permian Basin acreage in particular.With oil prices and shale valuations were on the rise, powered by recent changes to the US tax code, they saw scope for the company to return between $7.8bn and $11.1bn in cash proceeds to shareholders as a result.The analysts forecast those sales had the potential to add between 7% and 9% to the company's yield and to provide a boost to returns on equity.Elsewhere, analysts said that a "more aggressive" approach to addressing equity underperformance was potentially possible."Additional non-core asset sales are one option. We see $9.5bn (8% of market cap) of potential proceeds based on NPV, equivalent to 'a second shale' in terms of both quantum and potential impact on ROE. Assets include Cerro Colorado, Nickel West, UK & Algeria petroleum, Samarco, Cerrejon and Mt Arthur," they said.They also suggested that the company could ration commodity supply of iron ore, as Rio Tinto has successfully done with iron ore, because the company holds a large enough market share to move the price."We believe the various catalysts outlined above offer a credible pathway to materially improve returns on capital and underpin a meaningful step-up in shareholder returns, which in turn should set BHP up to regain its premium rating," they explained.Barclays also boosted BHP's target price to 1,800p per share from 1,600p[link]
bhptuner
07 Mar 2018
ex div tomoz so why would you sell today lol
Hydrogen Economy
05 Mar 2018
Re: Trump tariff I would think that the only way this might cause impact is if global economic growth is hit by a trade war and it turns out not to be "good and easy to win", shades of "whoever knew healthcare could be so difficult!"US is a small net iron ore exporter, presumably that might turn around if US steel benefits, but short of a hit to global production that export will be filled by other sources , so little impact. If Trump follows through on his infrastructure promises that should help with demand, but Belt and Road will probably be a much bigger driver and we can only Hope that the Trump Infrastructure promises are not just more white lies.H2#Whiteliesmatt
FRTEB
04 Mar 2018
Trump tariff Trump imposing a tariff on steel imports is at first glance very negative here. On the face of it the US steel industry should benefit, in the short term at least. But if US car manufacturers have to pay more for the steel they need to build cars then those cars become more expensive for US consumers and cars being exported become less competitive. The result, presumably, is contracting US car manufacturing. Something tells me this tariff hasn't been well thought through...
FRTEB
20 Feb 2018
Results Results - fair to middling. Dividend uplift is good. Net debt down. Productivity down but expected - longer term (2yrs) anticipated significant improvement. Very saddened by the two deaths. I hope financially at least, the company looks after the families. I also hope safety procedures will genuinely be improved and the statement isn't just lip service. No one should lose their life at work.
methilman
20 Feb 2018
Top up Just had a wee top up - think the market is being a tad harsh on these results.Mm.
hopetown
07 Feb 2018
Supercycle [link]
II Editor
29 Dec 2017
NEW ARTICLE: Share tips for 2018 from Justin Urquhart Stewart "What will 2018 hold for the banks? Justin Urquhart Stewart talks share tips, favourite sectors, passive versus active funds and where he thinks the FTSE 100 will end next year.Which sector are you backing for 2018?I think 2017 gives me an ..."[link]
Hydrogen Economy
08 Nov 2017
Re: Oil Price Have BHP disposed of their oil interests? No, there are plans to dispose of onshore US assets only as announced in recent results "US assets are non-core and options to exit these assets are being actively pursued...but will only divest for value. Execution of these options may take time... the sale of a portion of Hawkville is progressing and is anticipated to be executed in the September 2017 quarter."Oil/Gas contributed around 20% of total Group EBITDA, the US onshore assets around 25% of petroleum, ie 5% of group. Other oil assets in Australia, US Gulf coast, Trinidad and Algeria are not for sale.Rising oil price will naturally help but I would think that the rise in metals prices will be a much bigger contributor to BHP and have driven SP to double from Jan 2016 trough, many commentators are indicating it has further to go but BHP is not the preferred holding in the sector. I hold a few BHP but have more RIO which I think is a better run business and does not have the uncertainty of claims for the Samarco disaster or the possible change in the dual listing structure.H2
3rd June 2010
07 Nov 2017
Oil Price Have BHP disposed of their oil interests? With the current oil price, and where it's heading, it may be Elliot will be proved wrong. Currently WTI is 30% above BHP's breakeven price ($44) on the Delaware acreage so future profits from oil could be substantial.
aspace
26 Oct 2017
Re: My post of 3 years ago Per my last post of Dec 2014 I have found the price differential between London & Sydney has persisted so can only attribute it to the franking tax credit that makes the Australian shares more attractive as long as BHP pays decent dividends. The tax asymmetry of the dual listing is one of the factors Elliot have since been agitating over. I sold out of BHP back in 2014 & 2015 at an unexpected short-term gain and glad I did in hindsight. The management team seem unable to allocate capital profitably, yet thankfully the world needs their minerals so they end up making money in spite of themselves. At least by simplifying the business in 2016 they have reduced their scope for future error. MacKenzie doesn’t have a great track record in the intervening years from what I can see with returns declining, dividend slashed and Samarco also happened on his watch. OK maybe some of that was bad luck. But over a near five year period shouldn’t there also be some counter-acting reversion to mean good luck? I can’t see it. Not tempted to buy back in at this price of GBP13.50/AUD26.50.
II Editor
13 Oct 2017
NEW ARTICLE: The week ahead: BHP Billiton, Reckitt Benckiser "A bunch of FTSE 100 big hitters publish updates over the next few days. Will it be enough to keep the index heading north?Monday 16 OctoberTrading StatementsEtalon, Schroders, Rio TintoAGM/EGMZibao Metals Recycling, Bluejay MiningTuesday 17 ..."[link]
