Australian (ASX) Stock Market Forum

BHP - BHP Group

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nizar said:
For me personally to take advantage of high nickel and zinc prices, i would probably be looking at more purer plays.
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Lets not forget oil gents. Should be hovering around $60 ish all next year with spikes up and maybe down, but I hazzard a guess that BHPs long term forecast for profit is a bit lower. Anyone have what they are working on??
 
My personal view is copper and aluminum will not looking good because they are very recyclable.

Zn, Ni, Co, Mo, Cr, Mn etc that associated with iron/steel are looking good, almost impossible to recycle. Other metals are looking good is rare earth metal staff.

My recent visit to China reinforced my view. I have seen the rusty fences, building structures all over the place. 5 years old building there looks like 20 years old here.

I doubt about the future of gold and sliver because they are almost not consumable. And it is impossible to go back to the age of hard currency, and central bank always want to sell them. It is only good for the war time.

I guess BHP is looking good as long as iron ore price is keeping up.

How can we forget about uranium? I start looking for good company with thorium exposure.
 
rederob said:
Devil
I picked up 2000, but I actually meant to.
Copper will impact negatively, but nickel will more than compensate.
A 9.5% price rise for iron ore is not a guarantee that the mining boom is full steam ahead, but it's certainly telling us that the market will be again tighter in 2007.
More steel output should also mean more need for nickel and zinc, and these latter two metals are where one needs to look if you are not going the big diversified route.
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Agree. I have been backing some iron ore and zinc miners, like MGX, KZL & ZFX for months. They should be doing fine in 2007. But I'm not quite confident about nickel, wondering if supply's catching up demand soon, no idea...
 
mmmmining said:
My personal view is copper and aluminum will not looking good because they are very recyclable.

Zn, Ni, Co, Mo, Cr, Mn etc that associated with iron/steel are looking good, almost impossible to recycle. Other metals are looking good is rare earth metal staff.

My recent visit to China reinforced my view. I have seen the rusty fences, building structures all over the place. 5 years old building there looks like 20 years old here.

I doubt about the future of gold and sliver because they are almost not consumable. And it is impossible to go back to the age of hard currency, and central bank always want to sell them. It is only good for the war time.

I guess BHP is looking good as long as iron ore price is keeping up.

How can we forget about uranium? I start looking for good company with thorium exposure.
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Uranium stocks look quite fully priced at the moment. So for Thorium, how soon do u think it can be used at commercial scale?
 
Devil_Star said:
Uranium stocks look quite fully priced at the moment. So for Thorium, how soon do u think it can be used at commercial scale?
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Devil
Devil, even Ziggy reckoned that if Oz today decided to go nuclear they would be looking at 10 years to see any power being delivered to the grid, and that would be optimistic.
I am not sure how easy it is to convert a power plant to thorium from urunaium. But my view is that until there is a clear demand for thorium as a fuel, an investor may be piddling into the wind.
 
Sorry guys, I might have confused you.

IMO, uranium will be the investment of life-time for at least another few years. There is no alternative for it for at least 10 years.

If uranium price reach $100, or even someone fancy $200-300 per lb, I believe people will look for alternatives.

Like oil, when it reach $80, people start to use cooking oil staff.

I guess thorium have some remote chance to make it before the successful of technology under experiment, ITER, which use heavy water nuclear fusion technology. The experiment is going for 30 years with $13b budget.

I am a long term investor, and also like to try new ideas.

According to my research, there is no Aussie company mining thorium.
 
BHP looks to me really undervalued at the current level. I am picking $25 as the bottom that is why I can't understand why it's sp is so low. Uranium with Olympic damn is also a major asset for them.
 
Fab said:
BHP looks to me really undervalue at the current level. I am picking $25 as the bottom that is why I can't understand why it's sp is so low. Uranium with Olympic damn is also a major asset for them.
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Yeh true but the market looks short term i hear its $6billion for the capEx of olympic dam expansion, thats a fair stack.

And copper is dragging it down, big time.

And oil is struggling. Yanks see BHP as purely an oil company.
 
Should bounce well off the $25 yr low resistance, my pick 2% rise today

-BHP-Share Prices
Exchange Price % Move
ASX A$25.04 0.000
LSE GBP9.28 +1.03
NYSE (Ltd ADR) US$39.60 +2.27
NYSE (Plc ADR) US$36.88 +2.19 :cool:
JSE ZAR127.62 +0.98

-BASe metals- CRUDE oil- gold silver- doing well overnite
increase in raw materials ,should be good year for BHP
 
I can't believe that this fat lard of a mining giant is still sitting its fat rear around the $25 mark, I have never and will probably never own any BHP shares, but it amazes me that BHP is still around these price levels

Hasn't every single analyst been calling for BHP SP to be $30-$35 and this was using heavily discounted spot prices as well?

Surely it looks like an attractive takeover target, I know it sounds silly but companies fom Canadia and Nth America trade on much higher P/E multiples so it would actually be beneficial for a smaller lighter Xstrata to try the unthinkable and T/O(merge) with BHP
 
Along with bhp.

How bout rio tinto owning era shares...?

They have boomed, and no positive signs for rio even knowing they own the majority of era.

I hold bhp and rio tinto.

bhp still cheap but imagine what the all ords would be if bhp was $35 and rio was $90?
 
Ken said:
Along with bhp.
bhp still cheap but imagine what the all ords would be if bhp was $35 and rio was $90
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It might be the same if people switch from banks to resources, like late 1990s.
 
Ken said:
Having said that:

bhp has still returned over 10% to shareholders since the the start of 2006.
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which is below all ords average i think, and clearly below likes of ZFX & PDN etc, all in ASX 200

thx

MS
 
michael_selway said:
which is below all ords average i think, and clearly below likes of ZFX & PDN etc, all in ASX 200

thx

MS
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Exactly right, Michael. BHP, despite its rep as being an essential core stock in any portfolio, is the worst performer in my stable, and the low growth isn't compensated by a decent dividend.

Julia
 
What about the last 2 year returns...?

I wouldnt invest in BHP as a get rich quick stock. Yes its underperformed, everyone knows it. But who is going to make it go up in price?

Could it be that there are to many investment funds waiting for BHP to hit a certain level before they are allowed to act on it and buy more?

I dont know how it all works but its not Mr Jones or Ms Smith making the shareprice of BHP head north or south. Its the big players and they will decide when its right.

If the fundamentals arent right then fair enough but it would appear that they are there, and something is holding the stock back. Maybe the big players see shorter term upside in other companies that are growing at a fast rate....

All speculation and the reason we all invest.

Lets remember that for people to make money in the sharemarket people have to lose money...


BHP's time will come again. If its $30 in two years time I would be suprised But I wont be complaining that it has gone up in value.
 
Ken said:
What about the last 2 year returns...?

I wouldnt invest in BHP as a get rich quick stock. Yes its underperformed, everyone knows it. But who is going to make it go up in price?

Could it be that there are to many investment funds waiting for BHP to hit a certain level before they are allowed to act on it and buy more?

I dont know how it all works but its not Mr Jones or Ms Smith making the shareprice of BHP head north or south. Its the big players and they will decide when its right.

If the fundamentals arent right then fair enough but it would appear that they are there, and something is holding the stock back. Maybe the big players see shorter term upside in other companies that are growing at a fast rate....

All speculation and the reason we all invest.

Lets remember that for people to make money in the sharemarket people have to lose money...


BHP's time will come again. If its $30 in two years time I would be suprised But I wont be complaining that it has gone up in value.
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The best time to be holding a stock is when its moving. As far as i am concerned, if its not moving RIGHT NOW in the right direction, then its a dog.

Yeh we can all look at the past 2 years but unfortunately thats not going to help us make money TODAY.

Cash rate is 6%, so you just have to ask yourself, is 4% a year (this year) enough for the risk you are taking. And think about all the risks you are exposed to with BHP, its not just zinc like ZFX.

And i want to say that when BHPs time comes again, i will be in, but i probably wont. I'll probably never own this stock.

I like uranium but much better exposure through pure plays.
 
If you believe the commodity boom will last about 20 years and this boom began in 1999, you should only begin to worry about the under-performance of BHP after 2015 when BHP is a $100+ stock.

Short term correction is normal. This correction is a bit over 20% from top. If you hold some of the hot stocks like PDN, and ZFX, they have experienced around 40% corrections sometimes this year.

Just the prolonged bearish worried me a bit. I believe soon or later, the sentiments will be back to these big cash cows.

Just like, who could predict that TLS is out-performing ASX200 in recent month?
 
mmmmining said:
If you believe the commodity boom will last about 20 years and this boom began in 1999, you should only begin to worry about the under-performance of BHP after 2015 when BHP is a $100+ stock.

Short term correction is normal. This correction is a bit over 20% from top. If you hold some of the hot stocks like PDN, and ZFX, they have experienced around 40% corrections sometimes this year.

Just the prolonged bearish worried me a bit. I believe soon or later, the sentiments will be back to these big cash cows.

Just like, who could predict that TLS is out-performing ASX200 in recent month?
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You can tell the quality of a stock from how well it recovers after corrections. During the May correction:
KZL smashed from 4.70 to 2.89. Today $6.92. PDN smashed from 5.50 to 3.55. Today $8.90. ZFX absolutely hammered from $13.50 to $8.00. Today $18.69.

All have made new highs.

BHP the high was $32. Still 20% off THE PREVIOUS HIGH. Forget about making new highs substantially above it like the other stocks mentioned have done.

I wonder how long you guys will give it before you decide its time to fold?
 
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