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BHP - BHP Group

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A return to the high reached last May ?
One could see the possibility, copper has been in a steady trend and some LME traders are saying that the recent jump has also happened during China's "Golden Week" (a chinese holiday) So a return to more buying next week could propel the copper price even higher. The same traders also mentioned that profit taking at these levels was very possible and could have an effect.
The end of the strike in Peru may slow down the surging copper price.
 

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All the graphs said sell at $24.

Why look to them for guidance now?

Copper is $3.70, Oil is $65, Iron and Coal are going up, Nickel is $50K/t ffs

BHP is cheap and going up
 
BSD said:
All the graphs said sell at $24.

Why look to them for guidance now?

Copper is $3.70, Oil is $65, Iron and Coal are going up, Nickel is $50K/t ffs

BHP is cheap and going up
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No, $24 was support. It was under 24 where it was definately going down, and a sell. I didn't have the conviction to buy more at that point and missed a few $$. :( Was happy to buy more when it was confirmed to be heading back up. The charts tell me more than copper is at $3.70. ;) Well, that's my theory for the minute, until I change my mind. :p:
 
BHP is in a trading halt at the moment.

I wonder what this is in relation to?

Is a private quity bid about to be launched for BHP? I doubt it at this stage.
 
Doesn't appear to be in a trading halt today - up 0.75 to 31.35 (high of 31.44). Why do you think it is in a trading halt?
 
I hadn't considered this scenario really. I thought more like RIO buying WPL, but not BHP buying RIO. Would certainly strengthen the Iron Ore assets and change the US perception that it is more of an oil stock. Interesting.

1309 [Dow Jones] BHP (BHP.AU) would be most likely bidder for Rio (RIO.AU) in takeover scenarios analysed by Citigroup. "Rio Tinto's strong cash flow and nominal gearing may bring it into the crosshairs of private equity, but we think BHP Billiton is a much more likely bidder given synergies and nationalistic control issue of Australian assets," says broker. Says deal is highly earnings accretive using conservative assumptions, with main consideration being concentration of iron ore/coking coal market shares and lack of BHP CEO elect. Adds acquirer could unlock 40% discount that RIO trades at A$117/share sum-of-parts valuation. Says 30% premium seems to be benchmark market expectation for takeover. Keeps BHP at Hold with A$33/share price target. Keeps RIO at Buy with A$94 target. BHP up 2.4% at A$31.33, RIO up 2.8% at A$89.25. (DWR)
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Heres a scenario I thought about on the train.

Private equity puts in a bid to buy BHP for $40 a share....

Hypothetically... would it be sold at this price??? Dont know.

Secondly say, the market bumps the price of BHP up to $40.

That would send the all ords screaming to past 6500 wouldn't it??
 
Yes it would send up the All Ords, but a) I don't think PE would buy BHP and b) if they did, I don't think theyd pay so much above market
 
hi stox
It would only be a 25% premium on the days close. Certainly not out of the way for a stock like this. Being such a aussie icon to be able to get their hands on it they would have to pay more than just what it's worth.
There is the emotional factor to bring in as well.
And these days of takeovers, there always seems to be a better offer lurking in the background.
Interesting days.

Cheers martin
 
BHP is already down by about $0.90
that's a big drop. it's all those rumours about the Rio-Tinto buyout being more a 'rumour'.

maybe the market is being 'corrected'?
 
imo, I don't see a private equity bid materialising. BHP is not an underperforming coming, and a lot of brokers have had 12-month targets of $35 for a while. It trades at a pretty low multiple.

The bid would have to be pretty enticing for me to sell... if market sentiment is good, I wouldn't sell at $38.

So bidders would have to come in with maybe $45+ (just a guess) given private equity's savvy to pay high multiples nowadays, and it would probably be rejected by the board anyway (e.g. like Orica)
 
Arnie rejected BHPs LNG plan for malibu - this could have been massive for them. But im not gonna argue with arnie ;)
 
I wonder if the small ledge with the false break?? is W4 or if it has further down to go (T/L channel support??) yet. Watching EOD for a possible pyramid into W5...
 

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BHP very strong today. I think it close above $32. IMO this will be the start of the breakout and push upwards to aqbove $34.

It could get there very quickly from here! Today and another strong day on the market tomorrow or early next week could see it there!
 
Well have taken a pyramid position on BHP... interesting to see where it goes from here.... 100 yet???
 

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Bhp has closed at $32.17 its highest weekly close . Last time it did this on 27/3/06 it ran up from ^$26 -$32 inthe following weeks:)
I think we could have a few bullish weeks ahead IMHO!!!:p:
 

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Trading strongly today. Now up to $32.86

There is a very good chance that the share will crack the $33 mark today.

IMO this will be a breakout, and that the share should continue its upwards push an head towards $37
 
BHP has held up quite well over the last couple of days despite copper and nickel prices/concerns. I wonder how much it has to do with the Bell Potter comments in I think The Herald Sun a couple of days ago, which have been picked up and spread by the major world press players, saying that China will make a move on BHP???
 
Kauri said:
BHP has held up quite well over the last couple of days despite copper and nickel prices/concerns. I wonder how much it has to do with the Bell Potter comments in I think The Herald Sun a couple of days ago, which have been picked up and spread by the major world press players, saying that China will make a move on BHP???
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Yeah, I wouldn't be surprised. The Fin was all over it this morning. Perhaps BP were ramping it after a buy reco for their clients? Wouldn't be surprised. Funny how ramping is allowed in the newspapers. Surely they have to back up their claims somewhere somehow. Perhaps a hole in ASIC guidelines. :rolleyes:
 
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