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Added on the dip.
My PF is overweight with UK shares in an election year. (Leaving politics aside)
AV, LGEN, LLOYDS, TW, PSN, VTY to name a few!
Oil shares SHEL & BP .... more global as well as miners.
gla
China will cut the reserve requirement ratio for banks in early February to unleash more money and help the economy:
https://twitter.com/markets/status/1750062638837518525
From BHP v RIO. It looks like RIO fares better with a yield, but as my broker once made me understand, we shouldn’t chase yield, and so BHP does look better being diversified with larger copper exposure.
https://www.marketscreener.com/quote/stock/BHP-GROUP-PLC-47281658/finances/
As expected …
Reported on yahoo finance
Forecasts for the next few years are pretty flat. But I think I’d put that down mainly to the great uncertainty in the markets.
When you just don’t know what’s likely to happen next year, the safest prediction is probably that it will be a lot like this year.
We’re looking at price-to-earnings (P/E) multiples of around 11 to 12, with a dividend yield of 5.8% this year. The yield could dip a bit, but I think there’s room there for it to still be decent.
China is considering selling $139 billion of special sovereign bonds in yet another bold stimulus effort, sources say:
https://twitter.com/economics/status/1747180812397691368
This is in addition to the ¥1Trillion #infrastructure stimulus announced at end of 2023.
Iron Ore Advances After Xi’s Pledge to Strengthen China Economy:
https://twitter.com/markets/status/1742167100917969372
Xi promised in a televised message to the nation Sunday to “consolidate and strengthen the momentum of economic recovery, and work to achieve steady and long-term economic development.”
Beijing is expected to target growth goal of around 5% in 2024
Looking forward to 2024.
Well, there are growth issues with EPS & dividend yet again, something I mentioned November 2022 that would happen going forward.
Have a look at estimated financials
https://www.marketscreener.com/quote/stock/BHP-GROUP-PLC-47281658/finances/
The same applies in RIO too, which I also hold
Base_jumper : if you are thinking of coming in, please do, but it would have been a better entry a couple of months ago!
Yes, in my view a definite buy and hold. Dividends have collapsed, but can return - see https://www.tipranks.com/stocks/bhp/dividends for history. Always a large part of my portfolio.
China can't control the price of iron ore, says the head of Brazilian mining giant Vale:
https://twitter.com/business/status/1731966481473085724
*VALE EXPECTS IRON ORE MARKET TO REMAIN TIGHT IN COMING YEARS
*VALE CEO SAYS CHINA CAN'T CONTROL THE PRICE OF IRON ORE
*THERE IS NO SUPPLY COMING
Is BHP a good portfolio investment
Iron ore gains on China’s property debt-rejig:
https://twitter.com/ReutersBiz/status/1727956515267445205
Iron Ore Soars to Nine-Month High on China Stimulus Anticipation:
https://twitter.com/markets/status/1726833383806751000
"#China's benchmark #IronOre futures approach 1,000 yuan/tonne mark, hit highest since Jul 2021, amid Beijing's stepped-up fiscal stimulus, renewed market optimism about real estate sector."
https://twitter.com/YuanTalks/status/1724431362763931941
#China's benchmark #IronOre futures gains further to hit new high since Jul 2021 :
https://twitter.com/YuanTalks/status/1723998175470756123
Just watched that on cnbc this week.
Interesting, but we take it with a pinch of salt as it's GOLDMAN. They says oil would hit $150 along with JPM this yr, they were so so wrong.
Goldman Sachs sees ‘clear deficit’ of iron ore for the rest of the year:
https://twitter.com/CNBCi/status/1722849372881199581
#China's most-traded #IronOre futures gained further on Thu to hit 951 yuan/tonne, a new high since Aug 2021:
https://twitter.com/YuanTalks/status/1722633968556884362
So the article below is just guidance that payouts would be dropping as i did mention start last year.
They predict a high possibility if $2.25 for 2024. This is in AUD. so that equates to £1.14 for the year. Bug drop from 2021.
A base case scenario is for payout of $1.95.
We'll see.
I'm back drip feeding £4000 in every 3months here n there and anywhere else with growth stocks preferably ..
My tip for 2024 is between ROCHE & FANG, maybe RIO too
Https://www.fool.com.au/2023/10/09/how-big-could-the-bhp-dividend-be-in-2024/#:~:text=The%20ASX%20mining%20share%20has,a%20dividend%20payout%20of%20%241.96.
Metals Extend Gains After China Steps Up Funds for Construction:
https://twitter.com/business/status/1717066790012866599
Australian shares snap three-day losing run to rise on strong commodity stocks:
https://www.reuters.com/article/australia-stocks-close/australian-shares-snap-three-day-losing-run-to-rise-on-strong-commodity-stocks-idUSL4N3BU137
Miners emerged as top gainers on the benchmark, ending the day 1% higher on a rebound in iron-ore prices.
BHP Group, Rio Tinto and Fortescue Metals added between 0.5% and 2.6%.
JPMorgan cuts BHP price target to 2,650 (2,710) pence - 'neutral
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.