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Baffled,
Iron Ore is doing to miners what Brent did to oil & gas shares last year. Now look at them!
Fully agree with your comment re China.
Am going to fill my p/f with BHP (& others/) over the winter. Up to 25/40% of it.
Reap the benefits next year.
My next top up point is £17.75
Pig
PS; Iron Ore levelling off @ $119 ??
BHP break even @ $20 i read somewhere
Popeye, I am in all the shares you are considering and BHP. In a world of Crypto and alt coins not to mention NFTs, dividend stocks that produce tangible materials and profits are deeply unfashionable. Ill take substance over style. Last week I got £6.5K in dividends. These shares will rally when China starts to ramp up demand. It is just a matter of being patient in the meantime.
Have also seen media quoting below $100 a tonne.
I got my $120.45 from Investing.com
SP heading south again this morning, with all miners.
Pig
Pig - I also have it at $120 a tonne, but if you look on the news headlines, a lot of them are reporting on iron ore dipping below a $100. My previous post was an extract from Australia's Sydney Morning Herald.
Just out of interest, where are you folks getting your iron ore prices?
I have $120 a ton of 62% ore here....
Pig
From the Sydney Morning Herald:- "Iron Ore Prices Surge" Quote "Spot prices for Iron ore jumped back above US$100 per tonne, rising 16.8 per cent to US$108.70" I think the dip in iron ore price is temporary. It's definitely manipulation by the Chinese.
Pig is just fine Popeye. I got into Capita mid 30p's, so up nicely. Think it's a good turnaround story. Has been trading up to 51p recently with solid support at c47p. If SP drops to that level again, on a market 'dog day', I will increase from current 9% to perhaps 15% of p/f.
Am slightly worried about the Evergrande situation & am exposed via HSBC (16% of p/f); but SP up solidly today. See what happens Thursday there.
Also, regarding BHP. I tucked a few away in Mrs Pig's ISA at 1,796.20p, which she will keep for a longer period. Or until the Woodside & listing uncertainties are more clear. Her ISA is usually a 'buy & hold' for dividends.
Sold off a few BP yesterday, on the rise, at 311p. Just a lucky punt at 292p for a quick profit.
Am happy at the moment at 55% cash.
COP26, Chinese, Covid not beaten yet.....US correction too maybe??
All in my honest view
Good luck
Pig
Pig - I do hope you don't mind me addressing you under that name, but you always sign off as Pig. I did have a look at Capita, as you suggested, and I felt that perhaps I had missed the boat on that one. I'm still going to hold a fair amount of BHP. I appreciate that the price of iron is down from the highs seen in May, but I think iron ore will settle around the $150 mark, either late this year or early next year. Steel prices are still very close to their years high, and the Chinese are creating a squeeze on steel prices, but stocks are being depleted. We've also got the quarterly trading update next month for BHP. Good luck. Atb Popeye.
Popeye, It's all about trying to maintain a balance within my ISA portfolio really. My mining, oil n gas, banking & fags shares are showing a good dividend yield. Then the Capita & Cine are 'punts' on a hopefull return to past values.
Portfolio today is; Mining 13%, Oin n Gas 27%, Banking 16%, Fags 18%, Services(CPI) 9% & Cine 16%, Coinbase 1%
ISA total £147k at 45% invested & 55% cash
Traded Av last year, together with Lgen, from start of Covid. Just playing with the high's n low's really. Did ok. So will look again at Av, especially since a special divi might be coming
Thanks
Pig
Capitalistpig - I will be putting a chunk back into BAT, IMB, Aviva and Direct Line. Remember Aviva are going to return a large sum to shareholders. I think they will pay a special dividend, as will I think Direct Line. Have look back through the dividend history on Direct Line, and their special dividend. BHP certainly looking better today. Good luck. Atb Popeye.
Pretty much the same thinking here too. Bought my last tranch of these @ 1,794p. So my average has reduced to nicely below the £20 mark. 1,911 now so another £1 & they will be gone.
Don't like the Woodside deal or move from LSE listing, tho both have to be approved by shareholders i understand. If i'm given Woodside shares my broker (iWeb) can hold for me but can't sell them.
So, much easier to take the recent bumper dividend & any small cap gain and sell.
Any ideas where to put the proceeds?
Already holding; BP, RDSB, HSBC, IMB, BATS, CPI, CINE, COIN.....
Recently sold some LGEN at a small profit, also NG & PNN.
Pig
Popeye, will be doing exactly the same and for the same reasons.
Nd
nextdeal - I will also reduce significantly at 2000p, if it gets there anytime soon. At the very least I will sell the shares I purchased today. I will still like to keep some in my portfolio for the future, as I think that countries around the world will embark on huge infrastructure projects to stimulate their economies. Atb Popeye.
A bit! Useful recovery this afternoon as well. I expect the recovery to continue. If it gets back to 2000, I will bale out - it was only supposed to be a day trade after all - lol!
When I started to type my last message the BHP price was 1810p, by the time I had finished typing the price had moved to 1847p!!! I would expect this from an AIM stock, not from a top FTSE100 company. I'm not complaining, because my losses are reducing rapidly!!! I do hope it continues, and can get back above 2000p sometime soon. Good luck all. Atb Popeye.
I've added 4709 shares today at under 1780p. I'm now nursing a pretty hefty loss on this one, and by adding today, I've brought my average down to 2021p. I've still got the 144p dividend to come, which will go straight back into BHP. I'm pretty shocked the way it's been battered today, considering it dropped by a £1 on Friday. All this year it's remained above 2000p, and then suddenly it's 1770p!!! On the back of excellent results.
Anglo American lost 8% on Friday
Down another 8.5% so far today
Does that make you feel any better next?
Pig
Oops, got the timing a bit wrong on that one!! :((((
Couldn't resist getting some at sub £19. Appreciate that the price of iron ore has tanked but this is likely to be temporary. The Chinese will continue to build.
Nd
Does that mean because there is nobody buying iron ore, and making steel, there is a shortage of the stuff so the price rises?
Bought some at £19 today to add to my holding. Average is now £20.09
Dividend paid at £1.45p a week today
Good weekend all
Pig
As the price of iron is falling ,the price of steel is rising, odd
£25.05 on 17 August; Day BHP announced fantastic results
Take a look at the spot price of iron ore; $212 at end of July. $119 this morning
Iron Ore is 70% of BHP profits......
The best question might be.....How far will the share price fall?
Pig
Why is this falling literally daily??? We were at £24 not long ago....