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Yes whilst we may touch 12 quid again this is a solid long term hold. Reasonable entry level today.
Ive had a letter about this from HSBC who hold my shares. it says: (ive shortened it) subject to shareholder approval at GM 6th May shareholders at close of business on 19th May will be alloted new shares in South32 at a rate yet to be announced. Last day for BHP plc shares to trade on LSE is 15th May and expected day of commencement of trading of South32 on LSE is 26th may
Just go to the company website > investors and media > demerger and you'll find that "Approval for the Demerger is being sought at shareholder meetings to be held in Perth and London on 6 May 2015." Looks like the split date won't be set until shareholders give the go ahead.
Does anyone know when it will be that they do the split... in other words roughly what date would I need to hold shares of BLT to get given shares of South32? And will all shareholders of ordinary shares be given equivalent shares in South32?
Misread the time, one hour ahead here
Fine start to the day
With 4.5%dividend at this price
Clear as day - once it has passed. Killing off the competition is what Big Companies do - they are not Social workers. Significant upside for anyone a bit patient, like me, who wants to hold a Global Titan in Commodities.
Would need a significant drop down now to create a new 52 week low. Not saying it is impossible but... what would we now? A 25% drop?
Keep the parent, sell the child when suitors come calling?
Profits down 30% Return on capital 11% Interim div up 5% to 62 cents Costs cut Sp up
Yep from 1250 to 1570 in a month. Have the fundamentals changed that significantly? Nope. Market volatility and this was hugely oversold. A colossal company that should never have been down at 1250 but highlights the rogue nature of the market. I for one will not be surprised if it falls back though as soon as the 'risk appetite' magically disappears next week.
In one month's time the SP of BLT recovered over 300p or 25%.
Looks like the market has built in the likely results from the interim results. Looking for 1600 by March Ex div https://www.ig.com/uk/ig-shares/bhp-billiton-plc-lse-BLT-UK/prompts/DAILY
bullish on blt and rio.http://video.cnbc.com/gallery/?video=3000352220
.
Starting to move through the barriers, hope it holds
Sorry, meant 1200p target set on BHP Billiton
In a dream world, be good if brokers were banned from releasing target prices for stocks! Then DB release some stockprice movements for Rolls Royce & BHP. Theyv set a 1200p 12mth target on Rolls, and 800p on Rolls. Though that's only 14%, 16.5% drop respectively, so could happen over a couple of weeks...
Reduce the price of oil to make Shale production uneconomic - especially in the high cost, Start Up phase. Hence our shutdown of US operations. It's working, ain't it? 'BHP to slash U.S. shale drilling rig count nearly in half* Where do low Oil prices leave AIM Oillies? Facing ruin,IMO.
http://www.americanbankingnews.com/2015/01/20/bhp-billiton-limited-upgraded-by-morgan-stanley-to-overweight-nysebhp/ Broker upgrades but several still see downside. Copper, oil and iron ore all see a slump at the same time. In the case of iron ore this is self inflicted as BHP and Rio flood the market to kill off competitors who cannot continue at these low rates. Once this passes there has to be significant upside for BHP and Rio. My view is we have not seen the bottom yet. Waiting for the right moment to buy.
Cost for the full 12 months about £1.5 billion.
MY21 BLT probably not expecting the price slump to be long term, let's hope not anyway!
BHP Billiton exposed to low oil: BHP Billiton, the world’s largest mining group, is cutting costs as it grapples with tumbling commodity prices. But its commitment to maintaining dividend payments will be sorely tested as commodity prices fall. BHP Billiton generates about 25% of revenue from iron ore, 22% from petroleum, 23% from copper, 15% from coal and 15% combined from aluminium, nickel and manganese. Analysts from Liberum estimate that pretax profits will fall from $22.2 billion in 2014 to $14.4 billion this year, giving earnings per share of 146 cents (96p) down from 250 cents last year. However, those forecast profits might still be far too optimistic. Liberum assumes an average price for West Texas intermediate (WTI) oil at $75 per barrel and natural gas at $4.3 per million cubic feet (mcf). The current market price for WTI is 36% below that at $48 per barrel and gas 9% below at $2.9 mcf. The company said it will cope with the commodity slump by reducing spending on onshore oil rigs in the U.S. by 40% but it still aims to pump 255 barrels of oil from the region. BHP is also focusing on cutting costs and plans to shrink by demerging mining operations focused on aluminium, nickel, manganese, silver and lead. All of this makes sense but debts are still set to rise. Liberum estimates net debt up from about $26 billion in 2014 to $30 billion in 2015 and $32 billion in 2016. Increasing your debts to support dividend payments is never a sustainable long term strategy. BHP Billiton at £14.27+34.5p. Questor Says “Sell”.
They seem to be fairly satisfied, particularly with cost savings ahead of schedule.