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agree
blt .dead cat .i can not agree with you anymore .
plummeting.. ..g57, you averaging down, holding or stopped out? You sounded so certain only a few posts ago....which was strange...given the tide of history
Kinder Morgan cut its dividend today and the SP initially spiked on the news that the company was perceived as being more finanically secure.
still .. ...the whole mining sector needs to reflect on how to survive an indecently long bear market in commodities ...significant production needs to be mothballed...until then no possibility of trend reversal imv, play the counter trend rallies
Avoid guardian cfd's if you want to stay solvent.
Yes but that was before China fell off a cliff. It's a different ball game and BLT will need to think about a 5 year plan for survivablity. Faced with a choice of cash in the bank or paying it all out to shareholders... Well you know what the outcome is
I reckon a divi cut of 50% would signal good buying here for a 5.5% div. And a gradual recovery of the sp..... I hope. A divi cancellation or suspension on the other hand and it may drop more. Not many are up at all at this price so there shouldn't be much selling should there? Can't see the company going from progressive increase in divi to totally axing it, IMHO. But what do I know.
Agreed, just waiting for the divi cut RNS before closing.
I'm hurting like am sure everyone else is out there. I only hope given the scale of the drop across the board this week that this mirrors the banking crisis and we are near the bottom. The smaller miners will be forced to scale down or go to the wall. might take a bit of time but only the biggest willcome out on top.
Sp...lower to come
Precisely. That's the confirmation I'm waiting for. Uncertainty put to bed.
Easy answer mate, nobody really knows! If we did we'd all be millionaires. Just gotta look long on this I think, doubt the divi will be axed totally, so you'll get some return while the markets correct and commodities rally again but may be 5-10 yrs. Just gotta jump in when you're comfortable with the price/return /risk, and accept you are never going to buy at the very bottom. Gl with your investing. Stay away from aim is my advice too!
Silly me t'was the news from opec. Bloody saudis!
imv...holding up remarkably well here at support...but unlikely to defy gravity of situation/headwinds (pleasing mixed metaphor)
I,m the new boy ,at least to shares, so I listen to every thing said in the hope of learning. This share reminds me of RBS , keeps getting bad news , so the big boys use its volutility to make money .My question is ,are we bouncing on the bottom or is there further to fall. any thoughts at all please.
So can anybody tell me what happened at 2pm today, the volume went sky high and the graph fell off a (small) cliff. Big institution selling?
The has already factored in a dividend cut so it will be too late then - when the scale of the cut is actually confirmed we can expect an instant rise in the SP due to any uncertainty being erased not a fall as you're suggesting
http://uk.advfn.com/stock-market/london/BLT/share-news/Anglo-American-Plans-to-Slash-Dividend/69580056?xref=newsalert Can only be a matter of time before BLT follows suit. That'll be my buy in point.
at time of trades...with reasons...is surely one of the better uses of lse ..well done kiev; keep it up
tks for kind post...yr punt has been ok so well done ...clearly all the miners will be volatile for a fair while (bottom feeders and short coverers providing plenty of bounce...while dreadful headwinds limit scope for trend reversal imv) ...so trading the bounces either way attractive (v doubtful about merit of buy and hold)
Hi Fird You are right made a slight error. On reflection should have been 8.01 and stop at 7.95. looking to move stop up and sell at 8.25 or at stop if first. The market has gone against me this afternoon so now sidelined until next chance appears.
You are prepared to buy BHP shares at £8.10 per share and sell at £8.21. In my opinion, you are trading at a paper thin margin. If you take stamp duty into account, even leave out brokers' commission, it comes to less than 1% gain. What plans have you made for safety net at the time when the market goes against you?
Apologies Fird auto text spelt your name wrong
Thank you gutbuket and Ford for your messages of support. I did not want to comment on Daltry post myself as I thought it would be impolite to do so. Just sold my 30k BLT this morning at 8.214 might be too early but wanted to bank some profits. I will be buying back in at 8.10 or lower.