Member Info for driftking27

RIO will undoubtedly drop well below £50 after this inflation starts to really have effects then the stocks will start to fall.

for now,

I hold HFEL too, abd from May have seen them go TOP holding weighting with BHP.
Just thought i put it out there, though MYI, has reduced it from top 10 holdings.

i meant *Monday we might recieve our entitlement of Wopey stock

us in UK will be receiving ours i believe on Tuesday as it’s a bank holiday here?

i saw in US BHP Adr stock rise 6.5% today, suspect ppl selling Wopey and buying more BHP stock.

Whateva, you need to do due diligence and research topics a little better.

This company is not COCA COLA, but is a bottling company.
Buffet DOES NOT OWN THIS.

i’m still holding since i bought back in 2006, and more in 2011. Shel is not going bust.

My main question:

If the government takes 25% for windfall profit taxation, how on earth can Shell go green? Who will pay for the conversion? The Gov?

LMAO The gov can make the blood money, that is ok!

I got board watching the price, and bought another 272 this morning. This is against what i’m saying to myself, but it’s profits from elsewhere, so now have 772 now.

What is everyone else’s weighting in commodities?

Miners / Oilies sits at 15%
Funds 20%
IT 5%
Consumer Goods 20%
Healthcare / Biotechnology 20%
Real Estate 10%
Financials 10%

since Feb, my portfolio has grown 19.4% against the ftse.

weird things can happen! On a different note, i saw a dim Tesla driver drive of last week and forgot to pull down his door and the door nearly got torn off by a passing bus on in coming traffic! People seem to be loosing their common sense faculties

these Woodside shares carry a 6% dividend that’s the catch.

https://www.bhp.com/news/media-centre/releases/2022/05/determination-of-in-specie-dividend-in-connection-with-the-woodside-merger

it in link. it was yesterday. ex dividend was 25th May which is today. #excludes dividend

the answers are in the link i sent.
It has FX exchange date of stock transfers and dates when you will receive shares

Here is it detailed for you

https://www.bhp.com/about/our-businesses/woodside-bhp-merger

On the matter of Sp going back to 2600-2700p. It was at that price due to people buying more in BHP Ltd.

The SP will rise in time as we all know miners do invariably outperform over a longer timeframe against the index’s.

Part of the Bhp business was separated and merged with Woodside and we have al been given an entitlement to Woodside shares , and thus SP is reduced by the assets size sale.

GLA.

on a different note, iv just had a browse at my portfolio versus index’s since February 2022. Mine is actually up 18.2% versus the FTSE 5.75% approx since Feb.

Greyfriars, haha

i heard that Labour want to be known as a Super Titans of Energy sector. Who knows what that means. i have read that they will be paying miners to cut their carbon footprint for mining coal.

The moving averages still show this to be a STRONG SELL. hope your ready for more downside to come in months ahead..

GLA all, i have 10% ready to buy on this bottom whenever it happens.

we continue the drop today, and the market has no end in sight i my view.

If we go back to 2008-2009 where governments lowered rates to near 0, and it took them nearly 10yrs to start raising them, would it not have been an idea to have raised rates by 25bps every 2 yrs from 2014?
We now have no solution to stop a recession nor inflation rising.
Looking at 80’s ( i know this was a different environment ), we went to 12% interest rates due to high inflation.

Going on fear gauges over last 30yrs, the fear gauge is at 32 pts today, it hit 57 pts in 2020 and 44pts in Dec 2008 after Lehmans went solvent.

RIO / BHP is now on a watch list rather than my radar. I can foresee <4000p over the next couple months by St Ledgers .

GLA

just noticed a possible purchase go through from RIO via buyback programme, or was it a hedge fund investment trade?

18-May-22 16:35:06 5,372.00 695,790 Buy* £37m

https://financialpost.com/commodities/mining/rio-tintos-record-profit-masks-challenges-to-growth-outlook

looks like this will apply to behemoth BHP too

sorry
BHP Ltd mck cap = £184.803B
RIO plc mck cap = £87.053B

so it’s much bigger than £12bn !!