BHP - BHP Group

[ducati916]

I got a 26 cent per share dividend. That came to about $500!! I think I bought a bottle of Grange with that. LOL. In the bank I might have earnt $2.5K....

I'm loving the LBO rumours on BHP.

Ducati, do you think that there would be more value in BHP if it's broken up into separate entities? Pretty vague request, but you seem to have analysed BHP by its parts. Anything that actually does make good money? What if it spun out its oil for example?

Almost certainly it would release value.
Didn't it spin-off a steel company? [Bluescope Steel?]

That's doing better on it's own than under BHP.
The same could be said for many of it's current parts.

Management love the big capitalization, they get paid more. They don't manage it better however.

Buffett's BRK.A is an example of a pretty good conglomerate, possibly GE but even there I have my doubts.

jog on
d998

 

[happytrader]

Personally and technically I think BHP is an excellent traders stock. It will be interesting to see if it makes an upward break to the next level.

Disclaimer

These are merely my opinions.

Cheers
Happytrader

 

[Uncle Festivus]

Ok, let me see if I understand this correctly;
In little under one year, from it's high, BHP has LOST 6% and you are gloating about how clever you all are?

Obviously we are investing in a parallel universe.

I'm still waiting for Gold to break out past $800 from last year. That's another profitable trade I take it?

Ah Ducati, you are twisting periods again!. Obviously if you, after the fact, pick X date and compare with Y date you can make your argument fit. Now even you would agree that within that period there have been ample opportunities for profitable trading/investing in BHP, long or short.

And I think you'll find that gold has seriously outperformed the S&P500 by a considerable margin since the gold bull began in 2000. See, even I can pick a date and make my point look correct. Gold's not dead yet .

 

[camaybay]

Can someone tell me the name of the (ASX)company which is developing pelleted furnace dust for recycling and BHP have funded to some extent. The same company has a gold mining process which is going to be trialled in China under old mines?
:dunno:
Thankx

 

[Knobby22]

Can someone tell me the name of the (ASX)company which is developing pelleted furnace dust for recycling and BHP have funded to some extent. The same company has a gold mining process which is going to be trialled in China under old mines?
:dunno:
Thankx

APG

 

[camaybay]

Thanks Knobby

 

[haemitite]

Almost certainly it would release value.
Didn't it spin-off a steel company? [Bluescope Steel?]

That's doing better on it's own than under BHP.
The same could be said for many of it's current parts.d998

Interesting comparison - so its doing much better than the Bluescope Steel company still inside BHP?

 

[vishalt]

Hope BHP holds @ this $29.50 level and pushes on to $40 D:, although like one of the above posters said even if its ranging from $23-$29 it can be very profitable.

 

[reece55]

Nice move from BHP today, broke that $30.00 barrier quite nicely today which has proved to be significant resistance of late....

All in all, it has been quite a run for BHP of late. I thought after the half year earnings release we would see $30.00, but I didn't expect it to get there so quickly. Would be nice to see a bit more volume, tomorrow will be an interesting day. Wide candles for the last 5 or so trading days - accumulation or distribution is the question? Personally, I think accumulation and I think we will see a run to that elusive $32.00 barrier. From there, its anyone guess.

Best of luck to all holders!

Cheers

 

[rederob]

ducati
Appreciate your replies above.
I can now confidently add BHP on price weakness.
As for gold, I am a very patient investor, and have continued to add Lihir on its dips: It's in keeping with my strategy of buying larger producers with lower quartile costs (which is pretty much what BHP is in most of its commodity categories).

reece
Although I think $30 is a bit much to pay now for BHP, I regard it as a relatively safe longer term buy.
Yet again in 2007 BHP will rack up a massive profit (especially due to its high nickel price margins) and those analysts that continue to base their future-year forecasts on now-defunct commodity price models will eat humble pie.
Should iron ore prices rise another notch in 2008 then we should see BHP sit comfortably over $35 next year.

 

[bigdog]

Todays SMH

http://www.smh.com.au/news/Business...oduction-record/2007/04/24/1177180607998.html

BHP Billiton announces production record
April 24, 2007 - 9:19AM

BHP Billiton has announced that it has produced record quantities of natural gas, alumina, aluminium, copper, nickel, iron ore and manganese ore in the nine months to March, underpinned by strong demand.

It said that record year to date production had been achieved at the North West Shelf Venture thanks to strong demand, as well as at the Zamzama and Escondida operations in Pakistan and Chile respectively.

In the three months to March, natural gas production rose 14 per cent from the corresponding period last year to 86.67 billion cubic feet and rose two per cent to a new record of 260.47 billion cubic feet for the nine-month period.

But total production of petroleum products rose six per cent during the quarter to 27.68 million barrels of oil equivalent (BOE) and were up one per cent to 85.53 million BOE for the nine-month period.

"Total production year to date was in line with the nine months to March 2006," BHP Billiton said.

"Natural field decline has been completely offset by operational improvements and no new operations commencing production during the period.

"Production was higher than the March 2006 quarter mainly due to improved facility uptime, reduced weather impacts, and increased gas sales."

Copper enjoyed a record year to date, production in the quarter up 22 per cent to 357,600 tonnes and up four per cent in the nine-month period to 908,000 tonnes.

"Record year to date (in copper) and quarterly production reflecting the successful ramp up of the Escondida Sulphide Leach Project and Spence (both Chile)," BHP Billiton said.

"During the quarter Spence produced 33,500 tonnes, which is equivalent to 67 per cent of nameplate capacity on an annualised basis."

Alumina production climbed one per cent during the quarter to 1.085 million tonnes and up six per cent in the nine-month period to a record 3.316 million tonnes.

Aluminium added one per cent in the quarter to 331,000 tonnes and rose two per cent in the nine-months to a new high of 1.006 million tonnes.

 

[dlineinvestor]

The run up pre-April in BHP has created a large area between support levels.
Base metals along with other factors need to rise in order to keep away from the secondary support area.
Some comfort can be derived from a higher closing price in copper on the LME Friday close.

 

[legs]

How about this for a price booster?>>>
Prime Minister John Howard on Saturday promised to remove all excessive restrictions on mining, processing and exporting of Australian uranium as a possible step to embarking on domestic nuclear power generation
Mr Howard said expert advice to the government clearly showed Australia was giving up a major economic opportunity as a result of the excessive barriers on uranium mining and export.
He said a key theme of that advice was that Australia should do what it could to expand uranium exports and remove unnecessary barriers that were impeding efficient operation and growth of the industry.
"I am announcing today a new strategy for the future development of uranium mining and nuclear power in Australia," he said.

 

[vishalt]

Sounds like a good thing for BHP, and other uranium miners ofcourse.

wtf is with this 100 char message, shutup

 

[rederob]

How about this for a price booster?>>>
Prime Minister John Howard on Saturday promised to remove all excessive restrictions on mining, processing and exporting of Australian uranium ....
"I am announcing today a new strategy for the future development of uranium mining and nuclear power in Australia," he said.

Oh well, as he won't be Prime Minister long enough to introduce his strategy, I geuss we will instead have to live with cheaper coal powered electricity for the next few hundred years!

 

[dlineinvestor]

BHP for Tues May 1st

The Dow is up and oscillating above it's previous close, Copper and most base metals has risen. A strike by workers in Peru is keeping the price of copper from regressing !
Could be an up day for BHP

 

[Garpal Gumnut]

Oh well, as he won't be Prime Minister long enough to introduce his strategy, I geuss we will instead have to live with cheaper coal powered electricity for the next few hundred years!

Don't ever write JWH off. KR has plateaued in the polls and seems to have lost some of his sheen. BHP will be around long after both of them have gone. If it breaks out of this TR it will go on to $40.

Garpal

 

[dlineinvestor]

It looks as though the market is awaiting the final reports on US Data, this week may be a sideways week for BHP. I hold no BHP pending the outcomes.
Should 29.00 be breached 28.50 could be the next stop if more negative US data is released or the same if Base metals fall. IMO 29.00 should hold.
To coin the expression "If the US markets sneeze, Aus markets get a cold".

 

[Sean K]

It looks as though the market is awaiting the final reports on US Data, this week may be a sideways week for BHP. I hold no BHP pending the outcomes.
Should 29.00 be breached 28.50 could be the next stop if more negative US data is released or the same if Base metals fall. IMO 29.00 should hold.

Yep, $29 and $28 look to be important support levels. Not sure if $29 'should' hold though. There's probably more support at $28. Would like to see an EW count on this, and fib retractments from $30. A 50% retractment from latest run will take it to $26.50 ish by visual guestimate. And $28 might be a 38% ish drop.

 

[dlineinvestor]

On a weekly chart the main noise is around $28.12, this is approx. where the parabolic indicator reveals a change in the uptrend. I think 29.00 is a psychological level for some traders but the impact of the US market will prevail in case of direction.
May also seems to be traditionally the month of caution. As long as daily volumes don't increase on the downside dramatically I would expect a narrow trading range between 28.50 to 29.50 until a breakout occurs.