Member Info for driftking27

The 5:1 share split proposal was announced in order to assist monthly savers and to attract those who are looking to invest smaller amounts i believe, such as younger investors.
ILL be adding more here on next dip, and maybe MUT too.

sorry, meant SP shall be divided by 5 and our number of shares held will multiply by 5. Right?

So, i’m guessing ( i should know this ), the SP is going to rebase to 6500p approximately come 430pm on Monday 24th April?

Id also like to comment on The Market. It’s technically overbought!

It has virtually no risk priced in (the VIX is at 17), and is sitting on a mountain of ifs & buts.
This is a witch’s brew if you can call it something.

The VIX is a tech indicator that signals a fear gauge. We have hit 70 during both 2008, and 2020 or close to it.

The VIX, or the Cboe Volatility Index VIX, is a gauge of expected stock-market volatility, which saw its lowest finish since January on Tuesday of around 16.83 — its long-term average is around 20.

In essence, Rio Tinto's 1Q production result was weaker than expected, with the downgrade in 2023 mined-copper volumes the biggest disappointment.
Though the small bright-spark was increase with IRON ORE
Iron ore was the bright spot, with volumes in line with expectations .

If your wanting to BUY BHP, you wait until July /August. That’s when the H2 results presented. The dividend will be cut as expected by three Australian analysts i have found.

Might see a revisit to 2300p at least, what you shouldn’t do is buy in a rising market; we have earnings out in US, some not looking good at all, if trend continues, downward trend will happen. In short term it’s up though, BUT, there’s always a BUT, inflation is still in double digits, so interest rates will continue to rise… resulting in…

IF RUSSIA sends this SATAN nuke you should be commenting not US!

We have Taiwan & South Korea tension too, a bubble wanting to burst

I hold RIO & BHP

So, i think it will actually help the SP get out of the 1300p price bound range and move higher.

Most other trusts are less expensive per share, so this is my theory. I have held 1065 since 755p days in 2009 i think it was.

The key to anything is to let it ride for longterm.

I can’t give trust fund examples for now, but am sure others have tried this split too as have equities.

I instructed HL to accept the split and convert my shares, been a good trust that has weathered the economic downturn very well. That’s what it does.

forgot to also post this …

Dividend expectations

Commsec projections suggest that BHP could generate A$4.39 of earnings per share (EPS) and then pay an annual dividend per share of A$3.16.

In FY22, it paid total cash dividends of US$3.25 per share, which was a dividend payout ratio of 77%. In Australian dollar terms, it paid A$4.63 per share, according to the ASX.

What this suggests is that the BHP annual dividend could be cut by around 32% in FY23.

So, as i hold both RIO & BHP, i’m siding with RIO this time, they have a better cash to equity ratio; equal weight both 6% in both, but value is 12% in both

We will come back here in July.
Good luck all

Just seen this as a broker opinion on what the full year payout of BHP could be

Commsec numbers suggest that BHP might pay an annual dividend per share of A$3.16 in FY23

The acquisition of OZ Minerals will be a drain on BHP’s financial capacity in FY23

The earnings of Bhp are seen as declining until 2026 before a proper uptick to 2023 levels

So for us UK investors that’s around £1.70 per share fy at 1.85 AUD fx

I have started to look closer at BHp & RIO

It’s had a another 2 weeks of trying to break higher, it ends the week with 2 shooting stars.

BHP is a candidate of falling off a diving board.

It looks exhausted, and believe the commodity cycle will cause a swift drop, which is happening slowly as we speak

Applies to RIO too.

best of luck with your ideas.

I don’t think this is going to be a re-run of 2008-2009, but i do believe the banking sector does have more skeletons to come out ( BARC, DB to name two ).

I see CS are being to continue airing their views. Why would we want to listen to a risky non profitable brokers views after its collapse! haha

They have 7000p on RIO’s target. Maybe the broker who publishes these shoukdv checked the currency symbol before posting. Think it should be $70 haha!!

Anyhows, the Spt target i have of retesting is around 58-5900p in the next 90days.

still holding here from messily low numbers at 1345p and top up 2750p, along with BHP at too.

This high level visit of Taiwan to US is going to be a first. Hope ur goes well.

I’d love it if EU knock sense in XI with visits!

Todays NAV is 7.7% discount to SP, so around 915p.

Since rising from 833p today low, it’s coincidently tracked the $ v £

I have MYI, CTY & HFEL , all at 8-10%% of my portfolio.

Looking at starting here once again since holding it from 1989-2012

Just drop feeding in and as at discount looks a good long play.
Don’t hold many UK stocks, all Global ones performed outstandingly well in comparison

you will find this target means that the SP is going to continue drifting lower before it tries to get to £15 50 first.

Rkt is NOT a bargain until they get a voice from this company after the departure of their CEO to starbucks and we stop getting fed news about starbucks on apple stock alerts on this stock.

Think that tells you everything..,

Better if with AZN or even Novartis & Roche as they are TRULY defensive stocks to a certain degree

i bought at 5700p and have 1yr of divi’s. Just going to leave for another 10yrs and see where we are … hopefully 8000p. fingers x

SLOW BURNER these are. So stop stressing

Bhp is now sitting at a premium price overbought on results. It has a lot to do to prove this price or it’s going to.be in free fall back to 2400p i would say.
Watch RIO tomorrow.

GLA

Current rising Iron Ore prices is not what is going to be divulged, but the large drop in earnings for last 6months due to Chinese Lockdown.

I can bet’ there will be a dividend cut along the way.

This is also what both my brokers predict BARCLAYS & RATHBONES.

Vale has already announced its massive dividend cut to 4% from 12%.

Just a heads up

Sorry, but that’s a rather dumb answer. Don’t go on other peoples answers. Do your due diligence and you will find out yourself what’s happening.

Feb is fast approaching for first half earnings .

warning.

There will be definitely be a dividend cut looking due to drop in Iron Ore prices due to Chinese lockdown.

I’m out buy on a dip

Hi,

I’d like to remind holders of blue chip stocks how awful they have been compared to US counterparts.

EXXON could easily gobble this up and they wouldn’t care about if they sold it. BP & SHEL businesses .

She’ll i believe is up 20% year to date, EXXON up 70%.
BP similar.

Trouble with uk stocks have been the need to give higher dividends back and this has caused to lacklustre performance.

I hold OXY too, has been a rocket the last 2.5yrs.

With the £ dropping it makes it more tasty for foreigners to buy. watch and see this unfold this year maybe …?