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Hi all,
just looking on views on why BHP is underperforming RIO M’s SP at the minute?
Though RIO has outperformed BHP over the longer view in general?
Like today RIO is up 2.4% and BHP up barely holding 0.50%.
When coal prices are rocketing too at the minute, or is the bad news that BHP will be mothballing the coal mine and regenerating area of at a cost to them of $800m.
I hold both here, not sure which one to top up?? Views.
I have been here & Rio since Dec 2008, along with 25 other global stocks since 2002, so have seen highs n lows before.
GLA
BP,
I would imagine any loss through mothballing this facility will be more than made up by the demand for the likes of Copper and Nickel.
The world's going "green" and the demand for coal will surely fall. 2030 is still some way away and if China or India are still burning coal they may well be in the market to purchase it.
Good news or not ? I'm unsure. See link here :- https://www.msn.com/en-gb/money/other/bhp-to-close-nsw-s-largest-coalmine-in-2030-after-failing-to-sell-it/ar-AAYwEEb?ocid=msedgntp&cvid=974ee7a9feea4b31a08ba91f67f30633
I have an account. with. Quilter. Cheviot. and the. WDS. shares. were in my. account. on. Monday
Re Ig , latest email I got today
We are sorry for the delay, we are still solving the issue with shares, they will be booked, but there are some technical issues. We are asking you for a little bit more patience.
Not great I know but something
I had BHP shares in and out of an ISA so I got Woodside given in and out - just sold my woodside outside the isa at 2021p.
As of yet Woodside are still not available to purchase - if that changes then a purchase in my isa would be contemplated depending on price.
Anyone on IG got these shares yet? i read it was meant to be done yesterday, but nothing for me.
Barclays Smart Investor have credited the WDS shares to my account at a price of 2025p.
Iron ore futures price up by US7 cents or less than 0.1% to US$145.88 a tonne:
https://twitter.com/CommSec/status/1534635074372894720
some providers though may allow the holding of shares directly on the ASX
hj
''I've been credited with WDS DIs.''
because that is what they are.
As well as woodside, my BHP holding is also a DI in my account.
lti
Mon 14:47
''I have been told I am getting cash.''
some confusion - prior to getting last letter stating I was getting cash, a letter did state the number of woodside that shareholders would receive.
Just looked - the Woodside shares are now in my account, but at the moment (don't know if permanent) I am only allowed to sell them and not buy.
We are all a trip into the unkown.
Dividends will be an interesting journey. Personally, when (not if) Woodside pay their next divi (23rd Sept) I'm expecting them (ii) to payout in the normal way, although I'm unsure if they will automatically re invest (they don't for BHP)
Only time will tell, but this is where this board comes into it's own. If we all recount our stories, we get a bigger picture.
Update.
Well in spite of them saying earlier in the week that I was getting cash I've now seen that I've been credited with WDS DIs.
Good news but I've asked them to clarify the next and hopefully the last step - will the DIs be converted - eventually, automatically, upon request ? - into standard LSE stock. It's not an issue right now as in all respects DIs have the same value as the underlying equity and are quoted in £ but we don't want any issues down the line with regards to dividend declarations, tax charges / complications and so on. Again this may or may not be an issue but given the choice I'd rather have good old plain LSE stock.
I'm guessing that everyone that has been issued with WDS stock is in the same situation whether they realise it or not.
Iron ore futures price up by US$0.57 or 0.4% to US$145.81 a tonne:
https://twitter.com/CommSec/status/1534271423912767488
Experiencing the same amateurism with Barclays SI, still no WDS or Cash... Also messing around with the Clipper Logistic take over...
Spoke with Barclays Smart Investor yesterday and again today (via Chat). Yesterday I was told the situation would be resolved by end of business and I received an email notification in the evening advising that I had a new investment document (which I assumed would be the WDS shares). However, nothing on the system. Today I contacted them only to be told that a) BHP had not sent them the cash and that they (BHP) had 10 working days to do so. Then they said that WDS are not listed on LSE despite the fact that I pointed out that they now were. Long story short - they haven't a clue as, in my experience, per usual. I see the SP spiked at 2056p yesterday so, anyone wanting a quick exit .....
Further update IG have now said via email the shares will be credited tomorrow
Degiro had them in this morning with a similar number of BHP sold ??
No idea what it is about please someone tell .
For those with IG. Having had no reply to yesterday’s email, I have now phoned them to be told they have the shares and they will allocate them to accounts at some point. No timeframes , so not ideal, but they will arrive eventually !
Mmmm, time to pick up the phone, and talk to someone. Send an email too, just as backup, but definitely talk to someone. Seems most investors on this board have received them by now.
Good luck, let us know when you get a result (be it good or bad, it's good to learn)
Still nothing in IG ! Anyone else still waiting ?
Well, checked my Barclays Smart Investor and still no sign of WDS in my ISA. Pretended I was going to buy some WDS out of nosiness and it found WDS code but said last closing price was 1p! Obviously Barclays lagging behind a bit as regards WDS...
I’m with ii having been merged in from Alliance Trust Savings a while back. ii do seem pretty well organised with dealing on many international exchanges. You do get the odd glitch, like today when I suddenly “had” an extra £0.5M after my Amazon shares (stock split x20) total were updated before the US market opened and they appeared to have 20 times the value! Was nice while it lasted.
Doing my own SIPP has been a bit of an education as various companies have moved domiciles, or like BHP, come out of the FTSE (but still London traded) meaning that dividends come from Australia and (I am told) don’t have any withholding tax, unlike say Nestle in Switzerland where I gather it’s over 30%. Not any sort of expert on this topic, but learning as I go along.
BHP certainly has some interesting prospects. Ian Cowie piece in yesterday Sunday Times flags up the potash opportunity from their Canada mine.
atb
Word is, they should be in your account by the end of today