Australian (ASX) Stock Market Forum

BHP - BHP Group

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Kauri said:
:D No waves, tea cup handles, or even voodoo here, just pure fundementals.. your speciality... do the sums... :D
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Hi Kauri, can u pls explain in simple terms what does the figures mean?
Does it mean that $35 is capped at the moment and will move downwards?
thx
 
PhoenixXx said:
Hi Kauri, can u pls explain in simple terms what does the figures mean?
Does it mean that $35 is capped at the moment and will move downwards?
thx
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Capped???.. that is the word that the terminology police should be after... I doubt that even Packer could "cap" BHP.
The figures are just the simple fundementals, as I am not a fundementalist I would end up making a bigger fool of myself than I do already if I tried to interpret them, OK2 is your man... and don't forget the takeover rumour premium built into RIO that possibly makes RIO overvalued as opposed to BHP being undervalued... for mine BHP has possibly got further up to trundle yet, ore then again maybe not..
 
when i first thought about getting into shares, BHP was in my sights. I had no idea about shares, and didnt know how to get into it.. My interest faded and I saw BHP soar shortly after.

This happened a 2nd time!!

THen I got in and BHP has STILL been one of my strongest performers.

Im in for the long run. Hopefully it will push past $35 and not slide back.
 
Which website can show me the share price of BHP in london ? Can anyone explain why the market in america went down strongly overnight ?
 
Fab said:
Which website can show me the share price of BHP in london ? Can anyone explain why the market in america went down strongly overnight ?
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Fab, try here......

http://finance.google.com/finance?q=LON:BLT

And as for why the US went down last night, funny how I didn't see you complain when it went up rapidly .......

There are many reasons, but interest rate risks and maybe a bit of an overdue experience of distribution..... It's still a sideways market until proven otherwise IMO.....

Cheers
 
Fab said:
Which website can show me the share price of BHP in london ? Can anyone explain why the market in america went down strongly overnight ?
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London stock exchange has 15 minute delayed prices from 10.00am GMT (7.00 PM Sydney time) in aussie winter.

Seems US stocks took a bit of a dive over continued concerns over sub-prime mortgage market worries and interest rate concerns. that plus wall street seems to get jittery every couple of weeks.
 
There was actually 63 Million before the market opened.

Something to do with the last trading day of the financial year??

I've heard it refered to "window dressing" by the funds before, whatever the hell that means.
 
Big volumes before the open were settlement of ETO's which expired yesterday.

(I am told my post isn't accepted cos it doesn't contain enough characters. There are times when brevity is a virtue Joe.)


ice
 
Zuluwarrior,

ETO's (Exchange Traded Options) are basically a form of betting on a particular stock

You can get the skinny om them here if you are interested

http://www.asx.com.au/investor/options/getting_started/what_are_etos.htm#expiry defn

Generally 'in the money' holders trade out prior to expiry but there are always some who exercise their right to buy (or sell) the physical shares on the expiry day which is the Thursday preceding the last Friday of the month.

These transactions are generally concluded aftermarket and entered into the ASX system prior to the next mornings open.
(Next will be 26 July so you'll see a volume spike on the 27th for BHP and others).

As to whether they impact the s/p, well that's an interesting question.
From my own observation I'd say no in a big picture sense.
However if on expiry day there is a raft of puts or calls at a particular strike price (or better still a raft of puts AND calls) and the sp is within reach of that strike price my bias is for a close very near that figure.
But that's just me and I'm a neurotic paranoid obsessive.


ice
 
When will we see ducati riding back into this thread so that we can better determine what the BIG australian is really worth?
 
Who took out a margin loan on BHP at $24.00????


I did but sold far too early!!! Bugger.

Would be a year off work if I was still holding!!!

errr
 
The Big Australian coming up on $37 SP in a hurry. Reporting season will bring the fruits of this baby home, still think $40 SP will be an easy run. Enjoy
 
Well, BHP is "doomed".
Proclaimed by Dr Doom himself.
I do wish he would return.
I need another of his doomed stock tips to work over:iamwithst

ducati916;120130 said:
Hi Nick,
The thread is divided between traders [yourself + others] who are looking to trade significant swing points, and the Fundies arguing over the quality of the business and longer term implications.

Somewhere in here there is also an economic argument raging over the impact of the emerging economies, and their impact upon BHP amongst others.

As you know I am an Elliot Wave afficinado, with a Doctorate based on the research presented in relation to the applicability of EW. to econometric models of bank NPL's & interest rates.

By my count, BHP is doomed.
jog on
d998
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BHP just smashed through the $38 dollar mark and still going! A nice weekend return for the Executives, maybe a nice dividend coming?
 
BHP have been accumulating a substanstial number of their own shares at no more than 105 per cent of the average middle market closing price. What are the benefits of an on-market buyback if the Sp will be driven higher by declaring the intention to accumulate between the normal "close period" from 1 July to 22 August, a period in which the Company directors would normally refrain from transacting BHP shares?
 
No enthusiasm for BHP??? Surely not everyone is tied up with the small spec stocks. BHP up over 3% for the day and around 7% in the last 5 trading days, testing a $39 SP today and no one cares!!! How sad..................

Where are the YT's, Kennas and alike? Not even popcorn or champagne for the occasion. What a tough audience and to think that everyone is waiting for BHP to make a takeover of their spec stock.

Can I nominate BHP for a OUTSTANDING BREAKOUT ALERT or is it still a little underdone? Not that I look forward to even thinking about thinking through the preparation of a graph.
 
I agree with you OK2, this forum doesn't have a sparkling interest for BHP for some reason.

It's return in the US (in the form of ADR's) is 54%, compared with the Aussie stock which has returned 35%, am I missing something?

Stable and sound, BHP powers ahead.
 
I care! There are faster moving stocks but this is like a train. Once the momentum starts its hard to stop.

I think the ADRs are higher due to the exchange rate, the US$ has dropped a lot.
 
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