3 veiws of a secret
3 veiws of a secret
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something freaky going on.Buyers (on Westpac broking ) bidding $25.5 sellers @ $24.68????? 
Glitch -seems fine
Glitch -seems fine
BHP - BHP Group
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3 veiws of a secret
3 veiws of a secret
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hos11au said:
Strange today as soon as BHP kicked into gear RIO was ramming it up another notch.How the trade movers and pepper shakers work....no doubt they dont have time to talk! :bekloppt:
wayneL
VIVA LA LIBERTAD, CARAJO!
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wayneL said:
Cu back to what seems to be equilibrium for the moment @ $3.40 lb
Likewise BHP sitting in consolidation... ~$37.50(NYSE)
I feel a trade coming on...
Sean K
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wayneL said:
Which way Wayne?
question?
IF brokers have a 12 month target price of $35 for BHP and $104 target price for RIO Tinto what are the all ords going to be? We're closing down on all the all time high BHP and RIO are no where near their all time high.
IF theres a serious rally in the resource sector from here on in, will it just mean there will be a sway from the recent jump in defensive stocks to resources? Or will the defensive stocks hold their value and the market will just set new highs?
Is BHP undervalued at $26.10, its funny how things can change. BHP now seems expensive as it was $24 a share just last week.
IF brokers have a 12 month target price of $35 for BHP and $104 target price for RIO Tinto what are the all ords going to be? We're closing down on all the all time high BHP and RIO are no where near their all time high.
IF theres a serious rally in the resource sector from here on in, will it just mean there will be a sway from the recent jump in defensive stocks to resources? Or will the defensive stocks hold their value and the market will just set new highs?
Is BHP undervalued at $26.10, its funny how things can change. BHP now seems expensive as it was $24 a share just last week.
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Very good question Ken.
I have been both a long term employ and long term holder of BHP since 1989 (though neither now) and am still no closer to understanding BHP SP movements.
My biggest gains (and biggest missed potential gains) have all been from BHP shares. I really miss the 7500 BHPs that I held at one time . I still remember looking at the screen with the price at $8.30 in the dark days of 2002 and thinking 'Nah!', and also remember selling at all time highs in 2004, only to see the SP continue upwards in leaps and bounds.
These days it is difficult to compare BHP to other stocks- as well as the metals resources base, you have to bear in mind the now big exposure to the uranium boom via Olympic Dam; and the further diversification through oil and gas. Certainly BHP has products that will always be in demand at one time or another.
From my point of view, I would not argue that $24-50 to $25-00 would be a worthwhile entry point at this point in time.
Maybe if I get back some of my JPR money it can go back to BHP
I have been both a long term employ and long term holder of BHP since 1989 (though neither now) and am still no closer to understanding BHP SP movements.
My biggest gains (and biggest missed potential gains
) have all been from BHP shares. I really miss the 7500 BHPs that I held at one time . I still remember looking at the screen with the price at $8.30 in the dark days of 2002 and thinking 'Nah!', and also remember selling at all time highs in 2004, only to see the SP continue upwards in leaps and bounds. These days it is difficult to compare BHP to other stocks- as well as the metals resources base, you have to bear in mind the now big exposure to the uranium boom via Olympic Dam; and the further diversification through oil and gas. Certainly BHP has products that will always be in demand at one time or another.
From my point of view, I would not argue that $24-50 to $25-00 would be a worthwhile entry point at this point in time.
Maybe if I get back some of my JPR money
it can go back to BHP - Joined
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Re: BHP - BHP Billiton Todays movements
I was watching BHP and Rio today and watched both share prices moving up but gold and oil prices were moving down ?
Can anyone explain,
any feedback would be appreciated !
I was watching BHP and Rio today and watched both share prices moving up but gold and oil prices were moving down ?
Can anyone explain,
any feedback would be appreciated !
Realist
Billie Jean is not my lover
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The ASX All Ords could quite easily be 10,000 in 5 years time.
It will almost certainly be 10,000 within 8 years time.
This rubbish of "ohhh we have hit a new high" is moronic if it aint going up it aint matching inflation and we're losing, at only an 8% gain each year, the ASX will double every 9 years. And if you think you'll be rich from it think again, houses will have doubled, petrol probably doubled, food doubled, etc. etc.....
RIO maybe $200 within 8 years, infact I'd be reasonably sure of it
It'll go up and people will buy, then it'll dropand hold and people will sell, as Morgan found out, if you've gotta goodie - hold it!!
It will almost certainly be 10,000 within 8 years time.
This rubbish of "ohhh we have hit a new high" is moronic if it aint going up it aint matching inflation and we're losing, at only an 8% gain each year, the ASX will double every 9 years. And if you think you'll be rich from it think again, houses will have doubled, petrol probably doubled, food doubled, etc. etc.....
RIO maybe $200 within 8 years, infact I'd be reasonably sure of it
It'll go up and people will buy, then it'll dropand hold and people will sell, as Morgan found out, if you've gotta goodie - hold it!!
wayneL
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It could also be at its true value in 5 years time... maybe 4000 or soRealist said:The ASX All Ords could quite easily be 10,000 in 5 years time.
It will almost certainly be 10,000 within 8 years time.
This rubbish of "ohhh we have hit a new high" is moronic if it aint going up it aint matching inflation and we're losing, at only an 8% gain each year, the ASX will double every 9 years. And if you think you'll be rich from it think again, houses will have doubled, petrol probably doubled, food doubled, etc. etc.....
RIO maybe $200 within 8 years, infact I'd be reasonably sure of it
It'll go up and people will buy, then it'll dropand hold and people will sell, as Morgan found out, if you've gotta goodie - hold it!!
:
Realist
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wayneL said:It could also be at its true value in 5 years time... maybe 4000 or so
I knew you'd come out of the woodwork after that post Wayne!
10,000 in 2012 I say!
wayneL
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Realist said:I knew you'd come out of the woodwork after that post Wayne!
10,000 in 2012 I say!
LOL, I should stop being so predictable then.
I'll do a Harry Dent... ASX 20,000 by 2010
....then 4000 ROFL
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Till the North Koreans put a bomb up ya bum....the we'll all be in the pooo.....
Gotta get a grip fellas.....the tide is rising!
It will be all different in 20 years...land that is, above water marks is where it's all at......cu swimming in 20.......later.....PACER.....
My high on the hill proprty will be the next waterfront property.....HEHE!
Gotta get a grip fellas.....the tide is rising!
It will be all different in 20 years...land that is, above water marks is where it's all at......cu swimming in 20.......later.....PACER.....
My high on the hill proprty will be the next waterfront property.....HEHE!
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Resources: The Bulls Are Getting Excited Again
FN Arena News - October 11 2006
By Rudi Filapek-Vandyck
Investors and traders in Sydney are turning bullish on miners and natural resources again.
Our sources tell us there's a rumour going around that the institutional desk of noted commodities bull GSJB Were has expressed the view that the "Great Resources Bull Market", expected to run from 2004 to 2010, looks like being "on the verge of its second wind".
To add some more juice to the thesis, the desk apparently forecasts BHP Billiton (BHP) shares to hit $40 (compared to $25.87 yesterday) while Rio Tinto (RIO) shares are tipped to hit $100 in early 2007. Rio Tinto shares closed at $71.05 yesterday.
I think that BHP will get to around $40 in the lead up to Christmas and January Bull Run
FN Arena News - October 11 2006
By Rudi Filapek-Vandyck
Investors and traders in Sydney are turning bullish on miners and natural resources again.
Our sources tell us there's a rumour going around that the institutional desk of noted commodities bull GSJB Were has expressed the view that the "Great Resources Bull Market", expected to run from 2004 to 2010, looks like being "on the verge of its second wind".
To add some more juice to the thesis, the desk apparently forecasts BHP Billiton (BHP) shares to hit $40 (compared to $25.87 yesterday) while Rio Tinto (RIO) shares are tipped to hit $100 in early 2007. Rio Tinto shares closed at $71.05 yesterday.
I think that BHP will get to around $40 in the lead up to Christmas and January Bull Run
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Iron Ore & Exploration To Drive BHP and Rio Tinto
FN Arena News - October 11 2006
By Chris Shaw
Improved sentiment has seen investors return to the resources sector in recent trading sessions, resulting in solid gains in leaders such as BHP Billiton (BHP) and Rio Tinto (RIO). Prices are not yet close to peak levels seen earlier this year, but both Merrill Lynch and Citigroup has given reasons why they expect share price gains will continue.
The Merrill Lynch reasoning is based on earnings upgrades stemming from increases to their forecasts for iron ore prices in coming years. Previously the broker has expected prices in the Japanese FY07 would simply roll over from FY06 levels before falling by around 20% in FY08, but it has revised up its forecasts to a 5% increase this year and a rollover outcome in FY08, which compares to the consensus forecast of a 12% cut in FY08.
The increase reflects the broker's view there is limited downside for iron ore prices thanks to high average production costs in China. It estimates costs for average producers there are around US$64 per tonne and as much as US$74 per tonne for marginal producers due to higher stripping costs, a decline in new capacity grades and recoveries and the fact much of the production expansion is occurring at underground operations, which are higher cost.
As a result it suggests it would not take much to force a cut in production levels. The broker suggests such a move would be supportive for prices and should see the big three iron ore producers, namely BHP, Rio Tinto and Brazil's CVRD, maintain pricing power until at least FY09.
The new price forecasts have led the broker to lift its earnings estimates for both companies, with Rio Tinto enjoying the larger increases given the company's greater leverage to iron ore. It has lifted its forecasts for the stock in FY07 by 2% to US$7.6bn, in FY08 by 14% to US$7.2bn and in FY09 by 20% to US$6.1bn. In contrast, BHP's forecasts have increased by 0.5% to US$14bn, 4% to US$11.7bn and 9% to US$9.5bn over the same period.
The broker values Rio Tinto at $64.48 and BHP at $22.80, with respective price targets of $95.00 and $35.00. Citigroup suggests the renewed exploration focus by both companies offer significant potential for upside to their respective valuations, especially given about 50% of the estimated US$7bn in exploration expenditure will be on greenfields projects, which offer the potential for major discoveries.
Any such discoveries may prove significant for their respective share prices as the broker suggests there could be us much as $5-9 in upside to its BHP valuation and $18-29 for Rio Tinto if both companies can maintain market shares in all their major commodities through exploration success.
Little surprise then both stocks are highly rated in the FN Arena database, each receiving nine Buy ratings and one Accumulate recommendation. Merrill Lynch offers one word of caution though – while it expects both stocks to rally through to the end of the year, it sees potential for some weakness in 2007 as the US slowdown may result in reduced demand for some commodities and the easy money in the sector has probably been made over the past three years.
BHP shares at 2.45pm today were up 26c at $26.13, while Rio Tinto shares were 39c higher at $71.44, which compares to their respective average share price targets according to the FN Arena database of $35.47 and $97.74.
FN Arena News - October 11 2006
By Chris Shaw
Improved sentiment has seen investors return to the resources sector in recent trading sessions, resulting in solid gains in leaders such as BHP Billiton (BHP) and Rio Tinto (RIO). Prices are not yet close to peak levels seen earlier this year, but both Merrill Lynch and Citigroup has given reasons why they expect share price gains will continue.
The Merrill Lynch reasoning is based on earnings upgrades stemming from increases to their forecasts for iron ore prices in coming years. Previously the broker has expected prices in the Japanese FY07 would simply roll over from FY06 levels before falling by around 20% in FY08, but it has revised up its forecasts to a 5% increase this year and a rollover outcome in FY08, which compares to the consensus forecast of a 12% cut in FY08.
The increase reflects the broker's view there is limited downside for iron ore prices thanks to high average production costs in China. It estimates costs for average producers there are around US$64 per tonne and as much as US$74 per tonne for marginal producers due to higher stripping costs, a decline in new capacity grades and recoveries and the fact much of the production expansion is occurring at underground operations, which are higher cost.
As a result it suggests it would not take much to force a cut in production levels. The broker suggests such a move would be supportive for prices and should see the big three iron ore producers, namely BHP, Rio Tinto and Brazil's CVRD, maintain pricing power until at least FY09.
The new price forecasts have led the broker to lift its earnings estimates for both companies, with Rio Tinto enjoying the larger increases given the company's greater leverage to iron ore. It has lifted its forecasts for the stock in FY07 by 2% to US$7.6bn, in FY08 by 14% to US$7.2bn and in FY09 by 20% to US$6.1bn. In contrast, BHP's forecasts have increased by 0.5% to US$14bn, 4% to US$11.7bn and 9% to US$9.5bn over the same period.
The broker values Rio Tinto at $64.48 and BHP at $22.80, with respective price targets of $95.00 and $35.00. Citigroup suggests the renewed exploration focus by both companies offer significant potential for upside to their respective valuations, especially given about 50% of the estimated US$7bn in exploration expenditure will be on greenfields projects, which offer the potential for major discoveries.
Any such discoveries may prove significant for their respective share prices as the broker suggests there could be us much as $5-9 in upside to its BHP valuation and $18-29 for Rio Tinto if both companies can maintain market shares in all their major commodities through exploration success.
Little surprise then both stocks are highly rated in the FN Arena database, each receiving nine Buy ratings and one Accumulate recommendation. Merrill Lynch offers one word of caution though – while it expects both stocks to rally through to the end of the year, it sees potential for some weakness in 2007 as the US slowdown may result in reduced demand for some commodities and the easy money in the sector has probably been made over the past three years.
BHP shares at 2.45pm today were up 26c at $26.13, while Rio Tinto shares were 39c higher at $71.44, which compares to their respective average share price targets according to the FN Arena database of $35.47 and $97.74.
michael_selway
Coal & Phosphate, thats it!
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Ken said:
Thing is BHP doesnt deserve to go higher because it has the wrong mix of commodities.
It has the mostly copper and aluminim and coal, and those arent moving much like zinc, nickel, lead.
thx
MS