Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Long term great company... no rush needed to get into this I'm thinking..
divi kept the same China steal demand estimate cut. Cost cutting key for the future.
be careful im ready to buy but cant see a bottom level, bought glencore on Friday and wished now I hadn't.
Not with the mess BHP's biggest customer China is in. Not forgetting the current over production. I would not like to guess the bottom on this one. Wait n see.
Looks like a huge opportunity to pick up a bargain here, but a 10% drop the day before results/divi announcement makes me nervous.
this has overshot like crazy and when all is said and done, it will be the likes of BHP, Rio and Vale to clean up. The size of the whole of North America's population needs to urbanise over the coming decades in China and commodities will be needed to support that transition. These are prices that will unlikely to be had again. Even in the short term you could trade the divi. With an A+ rating they could lose the + by taking on more debt to pay out if they needed and that would be totally forgotten in due course. This company had at the last results net debt to ebitda of 1x. Which bank/debt market on the planet would not borrow to a company with that profile at ultra low rates?? This will outperform as the junior players go to the wall....last man standing.
Screaming buy at these prices. Could only afford 800.Lets hope Im right come December
Buy!!!!
What was the price in 2008 crash?
Calling the bottom on this is almost impossible.I didn't think we would see below 1000 but a 5% drop in a day is possible more than once in the coming week ,taking us to 900 if it happens.Im looking to buy in but it's going to be in tranches gla.
The move down is pretty rapid. In the grand scheme, 1200 to sub-1000 over the course of two months is a very rapid rate of decline. So no, it does appear I am calling it pretty accurately and the strategy revision needs to come from your corner, not mine. No moving of goalposts - I have given you a specific timeframe.
Rhambo, with respect, you initially called a sub 1000p move in the blink of an eye on another China hammering. China took a hammering a short while after and it was at 1137p. You then moved your prediction from the blink of an eye to 2 months (in % terms, I guess that is some sort of astronomical move) and even today sub 1000p hasn't been seen (whether it will is another matter). I think, if anything, you need to revisit your predictions, how you change them at will, and the timing of when you follow up considering your prediction still hasn't been seen.
Does anyone care to revisit their earlier statements yet?
Probably not from earnings, but they can borrow so cheaply they can easily pay out. http://www.smh.com.au/business/mining-and-resources/cheap-debt-to-buoy-rio-bhp-dividends-analysts-say-20150719-gifj5d.html BHP Billiton and Rio Tinto should take advantage of the cheap cost of debt to help fund their progressive payout policies in the face of cash flow pressure, but not for more than one to two years, London-based analysts say. Dividends are the main focus for the analysts and investors in the lead-up to the coming round of interim results for the large global miners, or in BHP's case, full-year results. "Investors are perfectly content with it [the dividend] being paid out of debt for the likes of BHP and Rio. The cost of debt is so cheap," Mr Davis said.
IMHO the current dividend yield of 6.14% is unsustainable.
How secure do we think the dividend is here.?A cut would see new lows
I think it's a very good entry point. The product is out of fsvour to some extent, but a part of that is sentiment driven. Companies with some sort of competitive advantage will always be an attraction and BHP has some of the largest and lowest cost mines in the world. Obviously, everything has a price, but surely at this level there's a hell of a lot of bad news priced in considering the strength of the baance sheet. I think 1400 is more likely in 2 months than 1000p
So it takes Rhambo two months to blink! I think its still going down due to China problems. Question is, how far down? I am afraid to blink and even more afraid to buy in yet.
Ok, let's revisit. My feeling is that you will be proved wrong.
OK allow me to be more specific - this will be sub-1000 within 2 months.
Rhambo, you said it would be sub 1000p (or minus 15% at the time) in the blink of any eye on another China hammering. Did that happen? My eyes blinked....the price is 1137p
Are you sure?
No chance
in the blink of an eye it will lose 15% on another China hammering...highly unlikely, Rhambo.