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"#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…
> Looking for an opportunity/entry point, back into RIO.
Now is a good time. But not a good time to sell BHP in my view. Nevertheless, if you had to feed just one, I'd go RIO.
Q3 Operation review 20th April..... I will continue to drip buy on market weakness.
Looking for an opportunity/entry point, back into RIO.
gla
forgot to also post this …
Dividend expectations
Commsec projections suggest that BHP could generate A$4.39 of earnings per share (EPS) and then pay an annual dividend per share of A$3.16.
In FY22, it paid total cash dividends of US$3.25 per share, which was a dividend payout ratio of 77%. In Australian dollar terms, it paid A$4.63 per share, according to the ASX.
What this suggests is that the BHP annual dividend could be cut by around 32% in FY23.
So, as i hold both RIO & BHP, i’m siding with RIO this time, they have a better cash to equity ratio; equal weight both 6% in both, but value is 12% in both
We will come back here in July.
Good luck all
Just seen this as a broker opinion on what the full year payout of BHP could be
Commsec numbers suggest that BHP might pay an annual dividend per share of A$3.16 in FY23
The acquisition of OZ Minerals will be a drain on BHP’s financial capacity in FY23
The earnings of Bhp are seen as declining until 2026 before a proper uptick to 2023 levels
So for us UK investors that’s around £1.70 per share fy at 1.85 AUD fx
Hi
I'm with Barclays Stockbrokers. They reinvest all my dividends as I checked some box years ago for them to do this. I was a bit doubtful whether this would automatically work with WDS, but it did.
There's something funny going on here. I'm with ii. They still re invest my divi with BHP, but not with Woodside. Anyone else having this issue ?
I have started to look closer at BHp & RIO
It’s had a another 2 weeks of trying to break higher, it ends the week with 2 shooting stars.
BHP is a candidate of falling off a diving board.
It looks exhausted, and believe the commodity cycle will cause a swift drop, which is happening slowly as we speak
Applies to RIO too.
best of luck with your ideas.
I don’t think this is going to be a re-run of 2008-2009, but i do believe the banking sector does have more skeletons to come out ( BARC, DB to name two ).
Drip buy/add today at 2410p
gla
Nice dividend just arrived :)
Another in September........will continue to drip add on market weakness.
gla
Solid move back up this past week into a recovering market
Good morning, iron ore futures were unchanged at US$126.01 a tonne yesterday:
https://twitter.com/CommSec/status/1640438632434786306
Good morning, Iron ore futures US$127.73:
https://twitter.com/CommSec/status/1638615361464729600
OK thanks. I sold out of all my BHP before the 'delisting' last year in the belief that I wouldnt be able to sell them on the LSE; dont know if that was more stupidity on my part or poor communication from BHP as to what the delisting meant.
Good morning, iron ore futures US$128.01:
https://twitter.com/CommSec/status/1638255769308237825