Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The above policy which bhp adopt in order to shield against volatile fluctuations in one or two products is being tested due to all four (iron ore, copper, oil and coal) being at multi year lows at the same time according to reuters. They shoved everything else into South 32 with what looks like the worst timing possible from every point of view. Who does know what's going on I ask myself at times like this, if those guys can get it so wrong? Not that they are alone in this of course, check out rio, glen, aa. Certainly interesting times in commodities, can go on down a lot longer but when it does change, as it always does with these companies, hold tight.
rbrand good to see you as optimistic as ever
omg -freshly gleaned from the western press. If they ever do they will be landing on top of the already collapsed US/UK . China has a real economy not something mainly hyped papershuffling or low interest rates to induce pavlov dogs to buy houses they cant afford with inducement of Markies bought by the taxpayer. The chinese run their economy extremely sensibly compared to the rest. They are quietly trading , doing business and helping many other countries; likely why they are unpopular. China single handedly saved the world in 2008 with their stimulus. I cant remember if they did briefly get some credit for that? but it was soon back to the usual PROPAGANDA. Before I forget thank you Beaufort brokers for offering me FREE copy of SHARES mag with that brilliant article about how to profit from imminent spin offs like BLT / S32. It was the most expensive free gift I ever got . Just another reminder why i dropped that useless mag many moons ago. Yes and IC too ! just as bad or worse.
China's economic bubble showing signs of bursting, their stock market falling. Miners continue to over produce. The SP looks a bargain but there is a risk of an almighty crash if China goes down.
driftking, thanks for the comments and agree commodities are volatile hence I'm only investing 3% - 4% in this stock...but I also hold some Rio and have been adding to RDSB. If BLT starts to go badly wrong I'll cut losses early and can use same against CGT. Assuming dividend can be maintained dollar strengthening lifts payouts in sterling. I'd be interested to check the Times article if you can retrieve link - currently Digital Look shows the analysts' consensus that dividend would be raised a little next year (although the EPS predictions show it as becoming uncovered). I understand that BLT is more affected by the oil price than RIO and my feeling is that the oil price will recover further within a 12 - 24 month timeframe as the large scale stacking of land rigs in US will soon impact shale oil flowrates given that tight oil is subject to very high decline rates.
Zceb90 & Mulder, I'd be careful what you are trying to predict, which by the way you are talking seems to show you haven't a clue... Commodities ( oil & miners ), are susceptible to high volatility from strengthening & weakening to lesser extent now going forward. With the possibility of interest rates rising in US due to good economic data that would strengthen the $ and thus all companies ( oil & miners ) would have see sp fall further. P.S all comodities trade in $. I hold commdities in form of BLT, RIO, South 32, Hunting, BP, RDSB and a real bar of gold and silver. Further, I read in The Timespaper back in .ay that BHP Billition would NOT be paying a final dividend. I will have to look this article out ... ATB.
Bought 1st tranch when my limit of 1325p was hit this morning; plan to add more shortly.
I held BLT when price was around £20 last year and took a small loss when they headed down to £19 (a wise move in hindsight). Looking to buy back in shortly as, just maybe, they've found a bottom; in any event yield is now attractive.
BLT has been around £20 for years; to see it ~£13 is surprising. 6% dividend. Mammoth company. Rebound due soon. Had major support around £13 few months back and was quickly up to £16 within weeks.
can anyone tell me when the proceeds of the Sale of South 32 under the Share Sale Facility will be credited to bank accounts?
Past events General meeting 06 May 2015 Interim dividend payment date 31 March 2015 Interim ex-dividend date 12 March 2015 Interim results 24 February 2015 AGM 23 October 2014 Drilling report 22 October 2014 Annual report 25 September 2014 Final dividend payment date 23 September 2014 Final ex-dividend date 03 September 2014 Final results 19 August 2014
Today's contrarian pick? In my view, BHP and Rio are slightly more attractive than Anglo American as contrarian buys. Anglo has more unresolved problems and was unable to capitalise on last year's strong prices to reduce its debt levels, as Rio and BHP did. However, Anglo's price-book ratio of 0.9 might make it most attractive to value investors seeking asset backing: ultimately, it's your decision. I believe these big miners have become attractive income buys
Togglebrush Many thanks for the info ATB
http://www.ft.com/cms/s/0/31477586-fd0c-11e4-ae31-00144feabdc0.html#ixzz3aSmQWQPM ' Brief extracts ' May 18, 2015 4:49 am BHP-Billiton spin-off receives lukewarm reception on debut ‘ South32 opened at A$2.13 a share and rose to A$2.20, giving the mining company a market capitalisation of A$11.3bn (US$9bn) on the Australian Stock Exchange. … Shares in BHP, the world’s biggest miner by market capitalisation, fell $1.97 to $30.52 in early action, but once adjusted to account for the absence of the South32 assets the stock was down 0.5 per cent at A$30.21. … South32 will list in London and South Africa later on Monday. ' By my Calc to UK ' BHP @ A$30.21 = 1504.08p S32 _@ A$2.20 = 122.00p
Yes i assume as much, otherwise it would only benefit the shareholders unfortunately no Company is that nice.
CNBC report that taking over a billion out of Capex this year and CNBC expect share price action today. ' Details on company web site with extract below ' http://www.bhpbilliton.com/home/investors/news/Pages/Articles/Superior-Cash-Returns-and-Growth-Through-the-Cycle.aspx '... support its progressive dividend over both the short and long term. '... “The potential benefits are substantial. We expect to cut unit costs at Western Australia Iron Ore by 21 per cent1, 2 to US$16 per tonne during the 2016 financial year. Unit costs at Escondida are expected to fall by 16 per cent on a grade adjusted basis. And we expect drilling costs per well in the Black Hawk to average US$2.9 million – a reduction of 20 per cent.” ' Mr Mackenzie said capital and exploration expenditure would fall to US$9 billion2 in the 2016 financial year from US$12.6 billion in 2015. ' ... concludes , we expect to offer our shareholders superior returns
Is it correct to assume that after the demerger the price of BHP will drop drastically such that the combined market value of South32 and BHP will essentially be the same as it is now?
- a T/O target, IMO - I expect GLEN to come calling:)
And head back up to the sp of five years ago.
Surely this has to spew up good after a few hiccups.
Recent RNS re demerger extract ' A share sale facility has been established for certain eligible shareholders who hold 10,000 or fewer BHP Billiton shares. These shareholders may elect to have all the South32 Limited shares they receive sold by the sale agent with the proceeds remitted to them following the demerger. ' South32 Limited shares will not be distributed to ineligible shareholders. Instead, South32 Limited shares which these shareholders would otherwise have been entitled to receive will be transferred to the sale agent to be sold with the proceeds remitted to them following the demerger. ' NOT SURE HOW THIS WILL WORK OUT for a small private investor ???
Hi, What date do you need to be holding Bhp shares in order to be eligible to receive the "free" south 32 shares? Thinking of buying some to get in on the demerger which on the face of it looks great value for shareholders. Thanks
Great share to be in. Nice dividend. Good low cost assets. Management refocused on maximising value (after wasting money on poor acquisitions). Although presently on a paper loss happpy to stay with it until the cycle improves. Been in here since 2008 and know the ups and downs.
Does Barclays own lots of shares that they want to off-load? Their new forecast seems a tad optimistic?
Amazed it is not 12 quid yet. The entire sector is heading down.