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Where did you get that information from?
Did I read that right?
....soon to stop those..mark my words
Neutral with a target of a tenner? Er shouldn't that be sell then? No way I'm selling this. In five to ten yrs time will have made 70% on the divis alone. Brokers...... What do they know anyway lol.
Nice move up today!
Jefferies upgraded BHP Billiton (NYSE: BHP) from Hold to Buy, saying production cuts in response to lower iron ore prices are helping. They see the same for copper. The copper price outlook for the next year has modestly improved as a result, although near-term risk to copper and iron ore is still to the downside, the firm said. They have upgraded BHP from Hold to Buy (on FCF and divi yield) and downgraded Antofagasta from Buy to Hold (on valuation). Rio, BHP, and Freeport are our preferred miners. Analyst led by Christopher LaFemina said, "We have upgraded BHP from Hold to Buy due to its 7.7% dividend yield, its strong FCF (should be able to cover its dividend), its low cost assets, and its low operational and geopolitical risk."
Yep x div today which means if you buy today you don't get the next div. If you owned shares by end of play yesterday you do. You can sell today in the later case and still get div. That is why the sp drops usually by the div, although today it's gone a bit more as have most miners. Hope that helps.
I thought ex D day was today (Thursday) - also surely you have to keep holding the shares until Record date which is Friday so you can't sell the any ex D share the day it goes ex D and still get the dividend - that is right isn't it?
Should do but take a look at what happened at RDSB on ex div day. Didn't drop for ages, so you have got out first thing with yer divi and no sp drop. That was weird.
Tomorrow the SP of BLT will start its journey 40p lighter. IMHO if FTSE 100 keeps up with its momentum then there may be less adverse impact on the share price.
Lego,you need to get all your bits together, as HICL are trading at a premium to assets value of at least 10%. Try HSD if your after another big dividend or LRE who payout a special dividend each year ( currently makes at 7-8% ).
Should read Weds is the last day to buy to qualify. Judging by the SP looks like people don't want the dividend. ~40p/share
Need to buy in before Weds therefore to qualify. ~ 40p/share
Well that was a mirror image graph to the one on asx (guess things are opposite way round down under lol) net result same though, flat finish. Least it's not a drop.
Finishing flat on asx after another dip during the day. May tickle a tenner here but I reckon we'll end up around ten fifty again.
I think ill take the 7.5% divi in the mean time :)
Catch a falling knife or pick it up on the way back up, same price. Imo good value here long term.
Is catching a falling knife a bargain? The problems with China, iron ore's No 1 customer, are not over.
If this ain't a bargain now then don't know what is! The analysts can't change their mind at the drop of a hat or so it seems so I think they have done us a favour here today to get in or top up pre divi. Almost 8%, come on, what bank gives you that.
RBC Capital Markets upgraded BHP Billiton to ‘sector perform’ from ‘underperform’ saying the company's focus on cash items is impressive. It said the miner’s full-year 2015 results have changed its view on the prospects for the stock from many perspectives. The Canadian bank said it likes both the improved-upon cost targets as well as the group’s renewed focus on free cash cover of the dividend. “We think BHP's new capex flexibility and willingness to take opex and capex lower over the coming two years leaves it in good stead to deal with a prolonged period of commodity price weakness.” RBC said that with over 20% implied upside to its target price, it now sees potential for BHP's share price improvement more in line with its other ‘sector perform’ rated stocks. “Worth noting is that we now see the stock as a high single digit free cash flow yielding stock without fully pricing in all of our potential cost gains (iron ore, capex and working cap) in the coming two years.” - See more at: http://www.digitallook.com/news/broker-recommendations/rbc-upgrades-bhp-billiton-says-focus-on-cash-items-is-impressive--843745.html#sthash.lTqAOm3T.dpuf
I think you mean lower prices (of the goods they sell); lower costs never made a share price low.
Is ironically the reason which make the share price much lower. Therefore it might not be the bottom yet.
I listened to the conf call this morning and what was extraordinary was that the company is TWO YEARS ahead on its cost reduction targets. It's a cyclical business so prices of its products will always be up and down but when a company can take out costs like they are, no wonder the divi is being increased. When the cycle switches, this will emerge leaner, stronger and will destroy the junior players who will have been premanently scarred. From FT: Mr Mackenzie said BHP reduced its costs faster than expected in all its main businesses, generating $4.1bn in productivity gains during the year. He said BHP was two years ahead of its previous guidance on boosting productivity and would push ahead with more cost reductions across all businesses in 2016.
62c US. circa 39p ex-div 10th September