I sold this morning.
Moved me profits to VALE
They offer more upside ..and gave lower cost to production cost basis for iron ore
Results 21st …
Dont be fooled by SPT being raised, you can’t be that daft…
Very sad that this stock being punished because other companies earning reports are good but forward guidance lacking.
Once FEDS & Government confirm new budgets then the future trend will be revisited.
This is going sideways until then.
Found an article about expectations for 2024 on VALE.
Vale does offer more upside of the 3 iron ore miners, and can produce iron ore at lower cost to 3 I believe
https://seekingalpha.com/article/4662624-vale-outperformance-in-2024-possible
I sold RIO today with 78% gain funnily the year I was born too
The reason as I have pointed out below is due to the drop in SP.
Look at the other competitors in the sector, LMT et al.
BA is trading at higher p/e and needs a slight re-rating.
The potential for further sp growth is based on guaranteed governmental / fed spending on military armoury defence.
This should be re-rated down to 1150p at least based on ftse p/e of 11.
As BHP & ANTO have just reported today dividend cuts if at least 25% each, RIO will be following trend along with VALE too.
We watch and see what happens tomorrow.
Nasdaq have good opinions on future earnings for shares. a place i go and always comes up trumps on results.
GLA
IM LONG, have been since 2008/09
I have already pointed out reasons NOT to buy trust funds in RISKY assets many times to people whom do t understand complexities about it.
Only buy what you CLEARLY understand.
Miners have been cutting dividends for past 12-18mths, thus these funds will suffer on both front income and performance.
Stay away from BRWM .
bhp have just announced divi cut that has been expected by 25%.
looks likely rio will follow, after anto***asta cut there’s too today.
nasdaq analysts have good views to follow for future expectations.
vale are due to cut too on 23rd too by some.
therefore, rio will drift lower, back to 5000p i believe by graphs i’m watching
Interim Divi has been cut by 25% to 72c. It was 90c in 2023
On BRWM, I’d say VALE has been biggest concern vastly underperforming all BHP & RIO significantly including dividend which was cut too.
Further to my point
https://www.fool.co.uk/2023/12/09/here-are-the-bhp-rio-tinto-and-glencore-dividend-forecasts-for-2024/
Iv been here since 2008 / 2009 and been drip feeding each yr on both
Thought I just add my tuppence again about a divi cut approaching.
If you’re only holding this for a dividend income, beware as dividends are not going to guaranteed anywhere near 2021-22 levels
With higher material costs and lower demand there is there is going to be lower profits obviously.
So, as my broker was against me buying into BHP for this reason in 2021, he was right due to continual downward trajectory on divi and eps, but have held since 2008/09, topping up along the way. Not at the minute I’m not.
I have found this to add for everyone
Divi info
BHP 2024 expected 158c compared to 171c 2023 152c for 2025, 142c for 2026.
RIO 2024 expected could actually rise from 2023 levels to 476c from 422c, 2025 expected 439c.
There is also an article on fools.co.uk siting future cuts to aid growth for BHP due to higher costs and divi cuts too to read.
As iv been here since 2008/09 I’m not bothered, as I’m just watching another New World create and send us another direction.
Gla
My other trades have been in October here and GOOG, CVX & DGE in Jan
The RSI has sat at 40-45 this week. Maybe due to pending results out soon next week.
I would wait to buy after results drop….
Just thought i share some research on expected dividend payouts at BHP again.
With higher material costs and lower demand there is there is going to be lower profits obviously.
So, as my broker was against me buying into BHP for this reason in 2021, he was right due to continual downward trajectory on divi and eps
I have found this to add for everyone
Divi info
2024 expected 158c compared to 171c 2023 152c for 2025, 142c for 2026.
That’s for BHP plc shares.
There is also an article on fools.co.uk siting future cuts to aid growth for BHP due to higher costs and divi cuts too to read.
As iv been here since 2008/09 I’m not bothered, as I’m just watching another New World create and send us another direction.
Gla
My other trades have been in October here and GOOG, CVX & DGE in Jan
The P/e of LMT is around 15.7 times 2024 earnings
BAE stands at 20 times 2023 earnings until 21st.
Think this will undoubtedly have a pull back.against FTSE it’s too high I’m afraid, though graphs say differently
Same. Been here since 2010… steady eddy. Possibly best steady eddy
Can we compare earnings of the 2?
Since January 24th, LMT has had its SPT reduced by around 2-3% by at least 7 that I have reviewed.
Lockmartin have an order book of .$160bn, but are FEDS going to grow defence spending like UK?
This is a hold after checking LMT results 23rd Jan.
LOCKHEAD MARTIN beat on there estimates, BUT there were no assurances about profit margins growing. This is why it has dropped 9% since 23rd Jan.
Hope BAE does not have similar effect.
Target price? The target price is based on the world of tomorrow. Know one knows.
Just like the start of the Ukraine war .
I’m saying look at graph and forward to 2034. If you’re invested, you need to broaden your mindset on silly SPT.
It could be 2034p by 2034! We coujd another burst bubble, we coujd gave another asteroid come close to hitting earth, we coujd have another world virus, anything is possible, but just sit tight, BAE has been picking up steam of late.
I’m not a seller. Are you?
S
So, i have read that along with C, DB have got views on LGEN.
The article has estimates of EPS for 2023 to come in around 17.4p-18.5p from both brokers. (It was 32.5p in 2021 fyi )
Net income is halved to 1.04bn from 2.2bn in 2022
Net Sales is THE BIGGEST worry for both analysts, especially when 2022 was bad too.
These are figures though it all matters on the day in March when they announce the figures for real.