The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Trying to buy another 100 or so today, and have been told the London Stock Exchange have an IT issue with smaller FTSE250 stocks and has now transferred over to FTSE100 stocks.
Maybe gives me a benefit of buying more nearer to 2300p tomorrow
We also have to remember MAX, that China has still got an abundance of unoccupied flats & offices #GHOSTFLATS.
I'd think more about the rebuilding of these war torn countries atm having to rebuild.
I'm an accumulator at these prices again, along with oiliesFANG & BP and pharma's PFE with covid boosters in US.
We all read the results both RIO & BHP which were published thus yr, to which they announced steep declines in the FY dividend payouts on. Oth miners.
As a result, this has also put some pressure on the company’s future dividend payments. Nevertheless, they continue to present an enticing proposition for income-oriented investors.
Goldman Sachs has anticipated the total dividend for FY24 to be around $1.19 per share and $1.06 per share in FY25. 11 days ago, analyst reiterated his Buy rating on the stock, predicting a growth rate of 98%.
China iron ore stocks to hit 7-year low as demand beats expectations:
https://twitter.com/ChannelNewsAsia/status/1714231857121001653
"China's portside iron ore stocks are set to end the year at the lowest level since 2016, according to forecasts from eight Chinese analysts, while imports in the world's largest consumer will reach the highest since 2020."
Dividend day :)
Results on 22nd will be very interesting.
China's property and construction currently in a shadow?
China stimulus talk sends iron ore miners flying on ASX:
News that Beijing plans to stimulate China’s property and construction sectors helped the sharemarket’s blue-chip iron ore miners soar on Tuesday, as investors bet on growing demand for the steel-making ingredient.
The market’s largest constituent and mega-cap miner BHP Group jumped 3.3 per cent, with Rio Tinto soaring 3.4 per cent and Fortescue Metals lifting 4.6 per cent.
https://www.afr.com/markets/equity-markets/beijing-s-stimulus-talk-sends-iron-ore-miners-flying-20230725-p5dr1u
BHP Group Ltd on Thursday reported higher annual production across the board, meeting its guidance and ending the fourth quarter on a "strong" note.
In an operation review, the Melbourne-based diversified mining group said copper production for the financial year that ended June 30 rose 9% to 1.7 million tonnes from 1.6 million tonnes a year earlier.
For the fourth quarter that ended June 30, copper output was up 3% to 476,200 tonnes, compared to a year before. Quarter-on-quarter, production increased 17%.
Iron ore production inched up 1% to 257.0 million tonnes for the full-year from 253.0 million tonnes. Output grew 2% to 65.3 million tonnes year-on-year in the fourth quarter, and it was 9% higher on a quarterly basis.
BHP said its annual metallurgical coal production was flat at 29.0 million tonnes. Output improved 4% to 8.5 million tonnes on the yearly basis in the fourth quarter, and jumped 22% from the fourth quarter in 2022.
Nickel production for the year to June 30 rose 4% to 80,000 tonnes from 77,000 tonnes. Output for the fourth quarter climbed 17% to 22,000 tonnes year-on-year. Quarter-on-quarter, production was up 12%.
BHP said it met its annual production guidance for copper, iron ore and metallurgical coal.
The diversified mining group said average realised prices for copper, iron ore and metallurgical coal products were lower in the 2023 financial year compared to the prior year.
But nickel prices remained stable, while thermal coal prices were stronger, predominantly in the first half.
Chief Executive Mike Henry said the company finished the year with a strong fourth quarter, increasing annual production across the board and achieving annual records at Western Australia Iron Ore, Olympic Dam in Australia and Spence in Chile.
WAIO shipped record volumes on the back of productivity in its supply chain, rail network and car dumpers, while South Flank completed its deployment of autonomous haul trucks in May and is on track to ramp up to full production in the next 12 months, Henry said.
Olympic Dam's improved reliability and productivity delivered record annual output in copper, gold and silver, and the integration of Oz Minerals into the South Australian copper business is expected to lift production to between 310,000 tonnes and 340,000 tonnes in 2024 financial year.
Looking ahead, BHP guided for an increase in copper production of between 1.7 million tonnes and 1.9 million tonnes for the financial year ending June 30, 2024.
Annual guidance for iron ore ranges from 254.0 million tonnes to 264.5 million tonnes over this period.
Full-year metallurgical coal production is projected to range between 28 million tonnes and 31 million tonnes.
Output for nickel is estimated at between 77,000 tonnes and 87,000 tonnes.
gla
RIO.........trading update 18th July
Https://www.bhp.com/investors/shareholder-information/dividends
Went ex-div 9th March 90 usd cents 74.37p Payment 30th March
Operations review 20th July
Full Year results 22nd August
Final ex-div 31st Aug (amount to be declared 22nd Aug)
Payment 21st Sept 2023
https://www.dividendmax.com/australia/australian-stock-exchange/mining/bhp-group-limited/dividends
gl
European stocks follow Asian markets higher after cheering China data:
https://twitter.com/FinancialTimes/status/1675846275256709121
Good morning everyone, I am a newcomer to your site.
Would someone kindly confirm the actual net dividend yield per share paid annually to a UK shareholder of BHP. I have been under the illusion that some sort of Aus tax is charged prior to the dividend being paid to UK shareholders. Any information gratefully received.
Thank you
John
Iron ore rallies along with copper after Chinese Premier Li Qiang said that growth has picked up this quarter and more stimulus was in store:
Mike Henry, head of BHP Group Ltd, “We do think there’s room for a little bit more policy that is supportive”
https://twitter.com/business/status/1673623469597007877
Iron ore rises as investors mull what China might do next to bolster its economy:
https://twitter.com/BNCommodities/status/1671835817105399808
"The People’s Bank of China’s implemented a surprise rate cut last week, but the call for more measures is growing. State-run media ran front-page articles Wednesday saying the central bank is likely to ease monetary policy further."
"#China's most-traded #IronOre futures contract in Dalian gained 3.4% to 812 yuan/tonne on Fri, rising for 8th straight trading day and bringing gains since May 25 to over 16%":
https://twitter.com/YuanTalks/status/1667146755346173953
Iron ore price extends gains on China stimulus bets:
https://twitter.com/mining/status/1665801698542010369
Good way to finish week close to 3% up .
BHP is confident China’s troubled property market will turn around in coming months:
https://twitter.com/BNCommodities/status/1661673448035295233
CNBC - NEOM
Saudi Arabia is building a futuristic City in the middle of a vast desert— from scratch:
https://twitter.com/CNBC/status/1655711677604560902
NEOM is the largest construction project in history and has the highest Iron Ore consumption in the world:
https://saudigazette.com.sa/article/625034
these guys are producing gold q2 2023 sp is going nuts ?? https://www.google.com/finance/quote/HUM:LON?hl=en&window=6M
watch this along with RIO over next month and see what happens. Graphs were not wrong when i noted both would drop if the cliff start of March.
Look at October lows.
#WATCH
GLA
EPS to drop similar to RIO, but will be held up being more diversified.
Earnings will continue to fall throw to 2026, BUT not as heavy as RIO.
This is my broker Rathbones has found to be true as well last year, and so far are correct.
GS, BAC, DB all suggest a yield for 2023 being around 5.5%.
https://www.fool.com.au/2023/03/10/heres-the-bhp-dividend-forecast-through-to-2025/#:~:text=Based%20on%20the%20current%20BHP,5.5%25%20based%20on%20current%20prices.
Just added a few hundreds more today.
Good thing that commodity prices tend to rise in an inflationary environment.
Good for miners in the long term.
Gold should be much higher where it is also, but its being held back by the lure of high interest rates on cash.
If your wanting to BUY BHP, you wait until July /August. That’s when the H2 results presented. The dividend will be cut as expected by three Australian analysts i have found.
Might see a revisit to 2300p at least, what you shouldn’t do is buy in a rising market; we have earnings out in US, some not looking good at all, if trend continues, downward trend will happen. In short term it’s up though, BUT, there’s always a BUT, inflation is still in double digits, so interest rates will continue to rise… resulting in…