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Fird, first of all good you try and compare bHP to RIO! Something that is not done enough on these boards. I need to correct some figure... RIO's EPS is actually 342p for a forward P/E of 8; BHP's EPS is actually 259p giving a forward P/E of 6.22. #NEVER use one source for information. You must check RIO & BHP's website for acurate information, or morningstar.co.uk
Are these people at Mortley Fool for real ? 1371p for BLT https://www.fool.co.uk/investing/2014/10/30/bhp-billiton-plc-could-fall-to-1371p/
BLT P/E ratio 11 EPS 153p Div cover 2.4 times Div yield 4.4% Whereas RIO P/E ratio 26 EPS 120p Div cover 1 times Div yield 3.86% BLT's ratios are far better than Rio. Despite that today RIO went north where BLT went south.
Imagine getting just half a penny per square metre for land that had been in your family for generations. This is what has happened to people in Indonesian Borneo after their traditional forest was grabbed by UK mining firm BHP Billiton. Take action now to demand justice for the people of Borneo. BHP-Billiton is planning to build massive coal mines stretching over an area more than twice the size of London, destroying some of the last pockets of primary rainforest in Borneo. As well as depriving indigenous peoples of their customary land, the mine could pollute water sources upon which millions depend. Join the call on BHP Billiton to put a stop to this project and ensure the area’s permanent protection. It’s not too late to stop this! BHP Billiton’s annual meeting will take place in London on 23 October and in Adelaide on 20 November. Let’s send BHP Billiton a strong message: no forest destruction for coal!
Sajjan Jindal led-JSW Steel in talks to buy stake in London Mining http://m.economictimes.com/industry/indl-goods/svs/metals-mining/sajjan-jindal-led-jsw-steel-in-talks-to-buy-stake-in-london-mining/articleshow/44554334.cms
Talk of Glencore bidding for Rio , this share could get interesting, in anycase it should be a good dividend stock 1
You may be right. The shares may have been oversold. But I attribute today's bounce back based on the following factors. Today BLT announced that it will cut cost from $50 to $30 per tonne and at the same time increase annual output by 65 million tonne. IMHO, recent weakness in the shares price was due to fall in the price of iron ore from $190 to $80 per tonne.
and have been watching as this looks oversold to me, made a buy at 16705 going to set a trailing stop loss when I made some margin of profit but see this as very oversold. It was a solid RNS today.
close to 5 year low ...target 1550 to buy for bounce to 1800 imv ...have traded this well between 1780 & £20+...but that range is shot
BHP Billiton freezes pay for chief and top executives
BHP considers additional listing in London for demerged company https://uk.news.yahoo.com/bhp-considers-london-listing-demerged-company-145138176--finance.html
One small matter regarding holding shares on ASX, would be the FX going forward.
I am a holder of BHP BIlliton, and also RIO. This news is actually a welcome to our FTSE mine field of commodity stocks, as it will maybe help to reduce volatility... The question, why did I just see a large trade of 1.185m shares go through after hrs today? Think this is a watch and see stock...
Thanks for the reply. I will email them when I have more time. If it goes to the shareholder vote whilst the price is this low I can not see any one voting for the demerger
If you go to the BHP website and send your query to them via this url: http://www.bhpbilliton.com/home/contact/Pages/default.aspx you will get a detailed reply as indeed I received to my query. BTW, shareholders will be given the opportunity to vote on the demerger proposal and it is the new company that will not be listed in the UK but you can still hold your shares in that Company which will be listed on the ASX which is the demerger goes through will be my chosen option.
am I right in thinking there will be no BHP share on the UK market after the demerger ? I have a position in BHP on IG which is in a big minus, will this just be removed and i take the loss ?
The fact they are not shifting any debt to the demerged business stinks. This means existing investors get saddled with all the debt. I have sold my holding after a 9% loss.
How will the demerger effect small investors like myself and will we be forced to sell the shares at a loss?
Read the link i put on 11th sept http://www.smh.com.au/business/mining-and-resources/bhp-moves-to-ease-uk-backlash-over-spinoff-20140911-10fbkc.html BHP Billiton chief executive Andrew Mackenzie is preparing a visit to the United Kingdom seeking to win over investors frustrated that the resources giant's $15 billion demerged company will not be listed in London. Mr Mackenzie will argue the merits of listing the company, dubbed "NewCo", in just Australia and South Africa – which will mean that more than 42 per cent of British-focused investors may have to sell the new stock. Read more: http://www.smh.com.au/business/mining-and-resources/bhp-moves-to-ease-uk-backlash-over-spinoff-20140911-10fbkc.html#ixzz3DwpzYVr6
Can any one tell me do they see this having a small rebound of the 1800 level back to around 1850. This is one long run of down days - am I missing something or is this just ex dividend behavour. Surely going into winter months you would expect this to strengthen?? Any thoughts welcomed - bulliten boards on BLT are very quite...
The sell off seems to be the 1905 - 1919 mark....so early bird call for the drop to 1880's...day trade at 1905 or >