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and just over a week later and they're pushing for £20...
BHP Billiton plc (LON:BLT) had its buy rating reaffirmed by analysts at Deutsche Bank. They currently have a GBX 2,500 ($41.45) target price on the stock.
From todays results - African Minerals The Board and I look forward to a successful 2014, as African Minerals continues to grow and generate significant cash flows, in tandem with a focus on efficient capital investment and maximising returns for shareholders. To that end we expect to communicate a policy regarding dividends and returning value to shareholders when we discuss our financial results for 2014 DIVIDENDS!! That's the first time they have even suggested dividends. Exciting times ahead... To good to miss!!
59 cents per share divi.... Sorry, typo fat finger mess up.
It looks to me that the SP is undervalued at the mo. BLT have published great result and there will always be demand for raw minerals and the demand will forever increase. Also there does seem to be a lot of target prices of 2200p+ Hopefully 2014 will be a good year for BLT.
Positive Points: The company declared it expects overall production growth of 16% over the two years to the end of the 2015 financial year. BHP Billiton achieved annualised cost savings of $4.9 billion, slashed capital spending by virtue of portfolio simplification and trimmed its debt position. The company said it had more room to strip out costs to insulate it from any market weakness, and highlighted that the company had been able to grow returns at a time of flat to slightly weaker commodity prices. The miner said the global economy was expected to strengthen over the rest of the 2014 financial year, which would provide continued support for commodities demand, "albeit at more moderate rates of growth". BHP Billiton is also investing to develop one of the world's largest potash mines. It said it would spend $2.6 billion by 2017 to build shafts and surface infrastructure at its Jansen project in Canada. The company noted that annualised productivity-led volume and cost efficiencies are now expected to increase to $5.5 billion by the end of the 2014 financial year. Melbourne, Australia headquartered BHP Billiton is the world's largest mining company measured by revenues. A progressive dividend policy continues to be pursued. The company said it will consider the "trajectory of its progressive base dividend at the end of the 2014 financial year".
Negative Points: Fluctuations in commodity prices and impacts of ongoing global economic volatility may negatively impact the group's performance, including cashflows and asset values. A reduction in Chinese demand may unfavourably impact the group's results. Actions by governments or political events in the countries in which it operate could have an adverse bearing on the business. One-off items reduced profits by $72 million, mainly due to the impact of onshore US drill rig termination charges. Currency movements have previously dragged on the group's profit performance. Cost pressures for both BHP and the wider industry continue to be seen. BHP Billiton may not recover its investments in mining, oil and gas assets, which may require financial write-downs. Natural events such as the previous floods in Australia could impact production................
Financial Highlights: Underlying first-half profits advanced 31% to $7.8 billion. Revenues improved by 5.9% to $34 billion. The group achieved annualised costs savings of $4.9 billion. A 65% increase in net operational cash flow to $11.9 billion was reported. With strong cash flow projected by management, group debt of $27.1 billion is expected to reduce to $25 billion by the end of the 2014 financial year. The board have proposed a 3.5% rise in the interim dividend to 59 cents per share.
Interim results: The world's largest mining company exceeded analyst forecasts reporting a 31% surge in first half profits, driven by strong production across its iron ore and coal businesses. Profit from iron ore, its biggest business rose 60% on the back of mine expansions, with production from Western Australia achieving record production of 108 million tonnes in the half year, benefiting from the early delivery of first production from its Jimblebar mine. Queensland Coal also achieved record production as initiatives increased annualised output to 68 million tonnes and posting a profit of $510 million. Elsewhere, petroleum liquids production increased 9% to 50 million barrels of oil equivalent while Copper production jumped 6% to 843,000 tonnes. "Strong operating performance across BHP Billiton's diversified portfolio in the December 2013 half year delivered a 10% increase in production, with records achieved across three commodities and 10 operations" it said. Based on the combined estimates of analysts that cover the company,
will be paid, at 57cents on 26th March, with ex/d on 5th Mch. Divi valuation subject currency fluctuations. pound is very high at the moment, so getting less pound bang for your bucks. Still worth it. Great results for BHP, I'm in. Have a nice life.
hi guys did the news released today say when teh next dividend will be paid and how much it is likely to be?
Mr B Very good indeed Been going well since the start of the month. Let's hope it continues.
www.investegate.co.uk/bhp-billiton-plc--blt-/rns/bhp-billiton-reports-strong-financial-results/201402180700092855A/
ww.investegate.co.uk/bhp-billiton-plc--blt-/rns/bhp-billiton-reports-strong-financial-results/201402180700092855A/
How comes blt seems to fall quicker and rise slower than other miners like rio and aal is it just out of favour a bit? Any thoughts
here you go m8,weaker us ism data and weaker pmi data out of the tiger through doubt over the miners,but dont worry,its only a correction,there'll be a load of good news on the agenda soon enough.http://www.cnbc.com/id/101383212
So what's driving the price lower?... I don't see any really bad news..
The latest results must please the market????
group buy rating on miners.http://blogs.marketwatch.com/thetell/2014/01/16/citi-goes-bullish-on-miners-for-the-first-time-in-three-years/?mod%3DMW_latest_news
http://m.seekingalpha.com/currents/post/1485291( Mobiles) Or http://m.seekingalpha.com/currents/post/1485291(PC)
BHP pays dividends in $, which is paid semi-annually, totalling $1.19 for 2013. You are NOT entitled to this years dividends as they have been paid out.
BLT.L is the London listed share ( thus in GBP ), BLT.N is a completely different stock on the NYSE and trades in $. This is what you should browse over: http://tools.morningstar.co.uk/uk/stockreport/default.aspx?SecurityToken=0P00007O0M]3]0]E0WWE$$ALL Next time, try typing the fullname in google and. Where it is listed... (BHP Billition plc LONDON) I'd say RIO is better option of the mega-miners to buy. All best. I own both... Heavyweight RIO