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BHP - BHP Group

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Commodities fall, BHP falls, nothing more sinister than that.

The run of the mill slosh of funds from one asset class to the other.

BHP will be back.

Just presenting a buying opportunity IMO. Wait for this little fall to finish and it's the next swing trade on the way!
 
For what is worth, from the E-trade research news flow. Closing price was $44.00. If this is an outrageous ascertian, I would love to see an explanation why.

1013 [Dow Jones] BHP (BHP.AU) up 3.3% at A$43.90, in line with ADR close, after early rise to A$43.95. BHP spokesman says 2008 iron ore contract price negotiations with China ongoing. Overnight surge in U.S. stocks and oil prices rubbed off on BHP. Focus now on technical factors, specifically, today's reaction to former support from head and shoulders neckline at A$43.89. Close above that level would negate bearish pattern which targets A$43.36. If BHP breaks downtrend line at A$44.44 at any time today, all technical shorts should stop out. Certainly, BHP is cheap on forward PE view but such obvious fundamental value won't necessarily prevent a sharp fall in the short term, with many traders saying the recent surge to A$50.00 was too rapid. (DWR)
 
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 275.0 294.8 469.9 442.2
DPS 55.4 63.7 72.0 79.5

Is looking nice on a forward PE < 10 for such a popular stock.
Thinking of adding some more to the pile before the iron ore deadline.
Cheers, Andy
 
In addition to what BHP reported about Kalgoorlie Nickel Smelter episode.
The loss is massive . Unplanned breakdown, Panic work and premium prices for everything labour, engineering, refractory, steel, installation, plumbing,
Kwinana Refinery work stopped . Unplanned maintenance again
KNS maintenance has been very bad and wrong attitude and work culture
Looking for a maintenance manager now when you need him or her to take the leadership
Worsley Alumina planned shutdown is starting
Iron ore prices are yet to be settled
Furnace rebuilding was planned to start in mid 2009. Long delivery items will be brought in half cooked way. God bless the chaotic work

The only positive side will be with other nickel suppliers who will have sunshine, contractors working in KNS - lot of money. Shareholders of BHP - sorry :(
 
Miner said:
The only positive side will be with other nickel suppliers who will have sunshine, contractors working in KNS - lot of money. Shareholders of BHP - sorry :(
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She was up about 4% in the US, no need to be sorry. It should be a nicely green Mondey :) What is with this 100 character rule?
 
AnDy62 said:
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 275.0 294.8 469.9 442.2
DPS 55.4 63.7 72.0 79.5

Is looking nice on a forward PE < 10 for such a popular stock.
Thinking of adding some more to the pile before the iron ore deadline.
Cheers, Andy
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According to Yahoo (based on NYSE data) PE is 17.66, Forward PE 17.66 (WTF?) qnd PEG @2.0

http://finance.yahoo.com/q?s=bhp

That ain't cheap.
 
According to Comsec, the P/E is 14.64, PEG is 0.48.

Forward P/E is 9.2 (for 2008/9 financial year, median forecset).

I'd rather trust Comsec than YF.
 
There is no difference guys! 2009 EPS is 469c which is a PE of <10 at current SP :)

Hopefully will see this head back to record highs soon (i hold)
 
Just out of interest for anyone who's watching - BHP is currently on a pre-open price of $58.91 (30% higher than yesterdays close :eek:), with 6 buy orders all the same for 514783 shares each at 58.91 :confused:

Surely these will not go through, eg they will be pulled before open? What is this all about, someone playing silly buggers? Be interested to hear what others think.
 
jonojpsg said:
Just out of interest for anyone who's watching - BHP is currently on a pre-open price of $58.91 (30% higher than yesterdays close :eek:), with 6 buy orders all the same for 514783 shares each at 58.91 :confused:

Surely these will not go through, eg they will be pulled before open? What is this all about, someone playing silly buggers? Be interested to hear what others think.
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Options expiry today. You can check out the ASX calendar in their web site (http://www.asx.com.au/investor/futures/trading_information/maturity_calendar.htm)

Maybe that's got something to do with this!?
 
i dont think they will open that high-

might be a little bug in the system-

it also have ipl at $239.00

Thanks

Nick--
 
Technically still looking quite strong, won’t be surprised to see all time highs being tested again in the interim.

SGB
 

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WTF happened to BHP today? There's been no big bad news.....

Anyone got a reasonable explanation?
 
hey,

I noticed a really big gap this morning, considering it opened 6% lower :eek:

I didn't know what was going on and conveniently the internet died, so I've been out of the loop today. I have however looked for announcements that could have prompted the price jump. Yet i didn't find any, the last one was on the 2nd.

Anyone have some views on this?

Nastybit
 

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Nastybit said:
I noticed a really big gap this morning, considering it opened 6% lower :eek:
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the stock is listed on the NYSE as ADRs, worth 2 ordinary ASX BHP shares for each ADR. For whatever reason, the materials sector and steel were smashed in USA trading yesterday.

Closing price for the BHP ADR = $77.75 USD
In Aussie dollars @ 1.039 = $80.79 AUD
Divide by 2 = $40.39 AUD, a good estimate for the opening price of BHP on the ASX this morning.

previous close = $42.89
expected gap down = $42.89 - $40.39 = $2.50 = 5.8% down on open
 
http://business.smh.com.au/bhps-rio-bid-clears-us-regulatory-hurdles-20080703-314l.html

Well lets see some positive news will bring this baby up tomorrow in green. I was waiting for this drop, I got out previously at 42.77. I bought some today in hope of a dead cat bounce... Lets see how it turns out :rolleyes:.

Trend wise 1 month time frame, the primary trend for BHP is down.
http://finance.google.com/finance?c...=1&chdet=1215069594218&chddm=13472&q=ASX:BHP&

Copper strike in peru, and fluctuation in its price has something to do with material prices.
 
pilbara said:
the stock is listed on the NYSE as ADRs, worth 2 ordinary ASX BHP shares for each ADR. For whatever reason, the materials sector and steel were smashed in USA trading yesterday.

Closing price for the BHP ADR = $77.75 USD
In Aussie dollars @ 1.039 = $80.79 AUD
Divide by 2 = $40.39 AUD, a good estimate for the opening price of BHP on the ASX this morning.

previous close = $42.89
expected gap down = $42.89 - $40.39 = $2.50 = 5.8% down on open
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thanks pilbara, now i know what happened. Now i know where to look to find out if it will be a temporary or serious blow. Not sure if I could keep a world wide watch on BHP lol Oh well

Would you think this drop will be sustained?

lol took too long to post again, oh well. yeah I bought at 36 coz i'm stupid and optimistic. hopefully long term will see it grow, though if it falls lower i might agree to my stop loss
 
IS this H & S with a leg down? See the attached figure. BLT and NYSE:BHP showed some weak signs of recovery.

Apparantely huge drop in coal prices is the key reason for this huge drop.
 

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Yep, but just a probability.

Target around $36 which lines up with some support. Long term support at $32 ish.
 

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kennas said:
Yep, but just a probability.

Target around $36 which lines up with some support. Long term support at $32 ish.
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Now don't tell me it's heads and shoulders, knees and toes! I picked them up at toes last time $32, don't tell me we are heading there again! The XAO is going to play up badly if the engine room starts falling apart!

Possibility though.
 
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