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the BLT share price says 1970, what currency is that? and when I click "BLT Fundamentals" it says the dividend is $116. is that US or australian dollars? the market capitalisation is given as 41863m UKP, with 2111m shares. but that gives the share price as 19.83 quid. but then the dividend is about 70 quid which doesnt sound right!
BHP Billiton: Nomura reduces target price from 2400p to 2200p, while its buy recommendation remains unchanged.
It is BLT's policy to declare progressive dividend whenever possible. Where not possible then at least maintain same div as declared in the previous year. I know you did not ask for div policy. I lay below div cover for the last 5 years. Please judge for yourself if div is well covered. In 2009 div was covered 2.35 times. In 2010 covered 2.57 times. In 2011 covered 2.93 times. In 2012 covered 2.87 times. In 2013 covered 1.91 times. Tomorrow BLT shares will start its journed 38p lighter at 1898, after adjusting div. Today I sold all my holdings of BLT at 1942. By doing so I forgo div. I did that for two reasons. From my personal tax point of view, capital gains are more favourable than div. Secondly, like you I was also afraid that the market may give same treatment to BLT as it did to RIO.
Is BLT's divi well covered or is the stock price going to get a hammering after divi day like Rio's did?
Wonder if you had any view on this now? Thanks..
BHP Billiton: Goldman Sachs ups target price from 1950p to 2000p and retains a neutral rating. UBS takes target price from 2080p to 2180p and leaves its buy recommendation unchanged. JP Morgan reduces target price from 2310p to 2280p maintaining its neutral rating. Citi raises target price from 1900p to 2000p and maintains a neutral rating. Deutsche Bank cuts target price from 2309p to 2290p, while leaving its buy recommendation unaltered
4-traders website is an international investors bible for stock information. http://www.4-traders.com/BHP-BILLITON-PLC-4001096/technical_analysis-full/ Here they have some technical info on sp levels for bottom & top...
BHP Billiton will announce final results on 20 Aug 13. Ex-div date 4 Sep 13. Record date 6 Sep 13. Div will be paid on 25 Sep 13.
Here is the link to dividend and also AGM dates. http://investing.thisismoney.co.uk/news/article/id/4622025/
Reported ex-div date is. 05/ 09 / 13 http://tools.morningstar.co.uk/uk/stockreport/default.aspx?SecurityToken=0P00007O0M]3]0]E0WWE$$ALL RIO's ex-div is 14 / 8 / 13 http://tools.morningstar.co.uk/uk/stockreport/default.aspx?Site=uk&id=0P00007OTS&LanguageId=en-GB&SecurityToken=0P00007OTS]3]0]E0WWE$$ALL
Reported ex-div date is. 05/ 09 / 13 http://tools.morningstar.co.uk/uk/stockreport/default.aspx?SecurityToken=0P00007O0M]3]0]E0WWE$$ALL RIO's ex-div is 14 / 8 / 13 http://tools.morningstar.co.uk/uk/stockreport/default.aspx?Site=uk&id=0P00007OTS&LanguageId=en-GB&SecurityToken=0P00007OTS]3]0]E0WWE$$ALL
My own opinion, is never predict the bottom of a stock, just buy the dips on a holding. Wait for the sp to SP to drop near 20% from first tranche before topping up. Thaty way to investing through these volatile times. Based on 3 tranches, and a potential total holding of £12000 per stock. All the best... My first purchase was 1100-1150p in Nov 2008, then I have bought at 1450p, and 1950p. RIO is another mining stock... 1250p ( plus rights issue I bought into at 1800p ), 2100p and 2795p. Keep your portfolio diversified as possible to save you when interest rates rise...
Rio has more upside versus P/E goung forward... Buy the dips!
An excellent 3 weeks so far, and the first close above 2000p for a couple of months
Thanks to mutandis13 on doublei As mut says it's a good summary of challenges and opportunities facing blt http://www.canberratimes.com.au/business/bhps-mackenzie-has-long-todo-list-20130510-2jdff.html
I agree with you that is why I bought BLT recently over RIO
This is a diversified miner with a bigger asset in Oil & gas than RIO. RIO is a total play on Iron Ore. RIO has dropped 13.5% and BHP has dropped 15% since January 3rd 2013.
Based on expectations for GBP and USD over next 2-3 yrs, does anyone have an opinion of real returns, if investing at current level and forecasts......to me this is nearly as a good a bet as BP or BG.....yes I like a gamble....but like to hear opinion of others that have delved deeper ! may be a BP approach to core business model could bring even greater returns ?
Today is the ex-dividend date for BHP Billition [ $1.14 for the full year , rough,y we will get 35p per share at this time of waiting ]. www.dividendinvestor.co.uk
You seem to be a knowledgable chap. There is a lot of 'ordinary deletions' at end of day trading here- in both buy and sell status... What does it exactly mean. Does it mean cancellations of shares bought and sold because of a concession deal or something (if that is the case, who do I see about becoming a member!) Thanks in advance for an answer one way or the other.
Positive Points: The group's results proved to be broadly in line with analyst forecasts. A progressive dividend policy continues to be pursued. The half year dividend payment was increased by 3.6%. The board noted that this brought "the compound annual growth rate of our progressive dividend to 24% over the last 10 years." A focus on reducing costs remains. On an annualised basis, controllable cash costs declined by $1.9 billion during the half year period. Management noted that it was "on track to deliver strong growth." At the end of the December 2012 half year, BHP Billiton's 20 relatively low risk, largely brownfield projects remained on schedule and budget, with the majority expected to deliver first production before the end of the 2015 financial year. An assessment of more non-core products and operations continues to be made. The group's new Chief Executive may give this greater emphasis. BHP benefits from a uniquely diversified portfolio that reduces its exposure to any one commodity or currency. The company is a potential beneficiary of any broad recovery of the global economy. Melbourne, Australia headquartered BHP Billiton is the world's largest mining company measured by revenues.
Negative Points: The group remains sensitive to global economic health and China in particular. A major proportion of Australian iron ore production is exported to China. Management noted that "the addition of low cost supply in many markets is expected to dampen the pricing upside. In iron ore, substantial new supply from the low cost basins of the Pilbara (Australia) and Brazil is either in construction or planned, while demand growth rates are expected to decelerate as the Chinese economy matures following a period of steel-intensive, infrastructure-led growth." Currency movements dragged on the group's performance. Group profits were reduced by $574 million. The board noted that "as a result of continued strength in the Australian dollar and the weak nickel and alumina pricing environment, BHP Billiton has recognised an impairment of $865 million (after tax benefit) at Nickel West (Australia) and an impairment of $1.5 billion (after tax benefit) at Worsley (Australia) in the December 2012 half year." Cost pressures for both BHP and the wider industry continue to be seen. Natural events such as the previous floods in Australia could again impact production. A $161 million increase in net finance costs to $544 million in the period was primarily attributable to increased net interest expense on higher net debt and exchange rate variations.