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Well, I added on Thursday with an average price of 23.16p.
If we retrace back to 2270p ish I will add more positions.
gla
I’ve followed Woodsmith Mine story too.
Please don’t let the story cloud your judgement. Don’t risk losing more money by placing too much reliance on one project.
OR
AAL is the best buy that BHP could make. It would be absolute madness to let AAL slip through their hands. I am sure that there are many jealous rivals kicking themselves that they did not make a move.
Fortune favours the brave.
At least long term we will be able to afford to eat food instead of chewing on rough diamonds.
What a battle!
Please BHP, please, let this go - this is embarrassing , you do not need Anglo's problems
Hi all,
Just observing where stock indices are versus the VIX ( fear gauge ), we can see indices are trading all at new highs , to the VIX trading at low lows 11.
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…remember this VIX trading theory; When the VIX is low, it’s time to go; when the VIX is high, it’s time to buy.
Throughout history, low VIX readings have preceded stock weakness, and high VIX readings have preceded stock strength.
I can see a mean pullback from these levels.
Get ready to buy when you see the VIX reaching at least 19-20
You will not be billed for more than the compensation you are awarded.
I have calculated mine and I was not taxed on my BHP. Last one was 72c in April.
0.72c x 833 I recieved £471.15
That is not taxed in opinion .
I have held and accumulated BHP since 2009.
…it got a kick in the teeth for that slightly raised bid.
Though now AAL are going to be selling some if it’s assets. Wonder if this means that BHP will come back with a proper bid for Anglo.
On the dividend research I have found:
FY 2024, Goldman Sachs is expecting BHP to lower its payout ratio to 55%. This is expected to lead to total fully franked dividends of US$1.45 per share for the 12 months. This represents approximately A$2.27 per share based on current exchange rates, which will mean a dividend yield of 5.1%.20 Apr 2024
I had previously been advised of class actions relating to a couple of US companies. When I read the small print, I was on the hook if I joined the action or if I didn't, just as a result of being a shareholder. If they won however, I would get no comp unless I'd signed. If I lost, I would share the bill!! Typically American methodology.
Found that confusing
Regarding SP: what I meant is that a successful action might cause a slight drop in the SP so I might as well get something back by joining the class action.
PS: Not trying to sway you, each to their own. But it looks as if weight of numbers are there for it to proceed to the next stage regardless. If you don't feel that it's right for you to do you will make your own choice.
I haven't decided myself fully yet, still mulling it over. I have a couple of days off this week and will look into it in more depth. HL have been very quick to reply to queries that had so will no doubt help you if you have any questions. GL.
Yes, I've spoken to HL about it. You don't need the HIN number and you'd just fill the form in.
I take your point about BHP but it seems that the CA suit involves 700,000 people so it's going to happen whether we want to protect the sp or not.
I came to the same conclusion. I was alerted to this in a message from HL. It seems to be genuine and follows on from a successful class action for US shareholders of BLT/BHP in the qualifying period.
I am in two minds to register. Not sure I’ll get a lot out of it but also concerned that if the class act is successful then the SP may suffer so I want something to offset that possibility 🤣
Scrap that, I've found what I need.
https://www.bhpclassaction.com/
There are only 2 outcomes. Success for the claim or failure. A failure results in no costs to shareholders and success results in fees for legal expertise, but it will never be more than any compensation awarded to you if successful.
You just need to register your details before the 31st of this month.
I've just come across this letter re: HL. I owned BHP in 2013 and have yet to read through it fully.
I'm guessing that by registering for the class action its free? At no cost to shareholders? Would there be any costs at znh stage or ard we exempt from that?
Cheers in advance.
Any thoughts?
Another advantage in the 'Woodsmith mine' is, as it is so deep in the earth, it would allow massive heat pumps to be installed and possibly leased out to local electricity companies. This cheap electricity move would service all Yorkshire and the profits accruing would cover any further mine expenses.
Long term this would really benefit BHP. China will buy the total POLY 4 hoard. Billions lie in wait for he who dares.
The era of big acquisitions in mining caused a lot of indigestion if I recall. Rio/ Alcan one prime example of the larger co grossly overpaying.
BHP should just concentrate on its own knitting, they do not need Anglo, they already overpaid for Oz.
I should have said, sage words, not advice by the way.
Thank you Londoner7, sage advice and appreciated. I have a small pot of cash, burning a hole, earning zero interest in my brokerage account. I think BHP will be its home, I already have some RIO and like yourself, have traded back and forth at various price points.
I shall take your advice on the suggested reading which sounds useful in terms of understanding the longer term.
Best regards
Reader61, if you're looking for advice on trading BHP today, I can't offer any.
But if you are looking for an entry point to a long-term holding in BHP then these bid situation opportunities don't come up very often. I like to invest in companies that offer me an interest in their activities. BHP is the largest miner in the world and at the forefront of the application of technology as the world transitions towards clean energy. This stuff fascinates me and BHP covers it well in their 'insights' publications. Want to know about the practicalities of the transition, then read what BHP has to say. These are the guys at the coal face, not the idealists sitting at a keyboard.
I've held a stake in BHP for decades and I trade - both sides - as the opportunity arises. If you wish to build a holding then take a small stake today - large enough to minimise trading costs - and pound average over time. In 10 years time, whether you average in at £21 or £23 will be an irrelevance.
Incidentally, you could make a similar case for RIO or other large miners. Take a look at their portfolios and direction of travel, and pick one that appeals to your interests.
If they engage in bid warfare, the BHP price will drop from here to offer a more attractive entry point. However, without knowing the bigger strategy alluded to by other posters do I jump or stick?
Nobody has considered the combined value of the two companies