Australian (ASX) Stock Market Forum

BHP - BHP Group

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VViCKiD said:
yeh.... they're the 2 tops... yeh... $18 target seems a bit far fetched ...
did u derive $34 from the aug 07 and apr 08 troughs ?
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No, see the Head and Shoulders thread. Neckline at $42, once it broke down through there, target's about $34.
 
ColB said:
Mayk, we won't see 20's in our lifetime! Maybe $30-33 if you're lucky.

My :2twocents worth!!:eek:utthedoor:
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on what facts and figures-

wont does not cut it in the market

things happen with-in a blink of a eye-

i would be interested to hear why it wont or cant go into the $20.00+ region


Thanks

Nick--
 
njc.corp said:
on what facts and figures-

wont does not cut it in the market

things happen with-in a blink of a eye-

i would be interested to hear why it wont or cant go into the $20.00+ region


Thanks

Nick--
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Anything is possible, but the reality is that it is already trading on modest P/E ratios. Furthermore, if you look at the P/E ratio based on this year's projected earnings, the P/E looks VERY cheap (8.0, according to Comsec).

It is true that some companies' P/E can be very low, but they tend to be companies with problems, eg high debt, companies that make their money from being financial engineers, etc.

In a nuthshell, it could go to 20's, but given its strong earnings (real earnings, not some Macquarie or Babcock pie in the sky earnings based on debt and revaluations) this is unlikely.
 
Mr_T said:
Anything is possible, but the reality is that it is already trading on modest P/E ratios. Furthermore, if you look at the P/E ratio based on this year's projected earnings, the P/E looks VERY cheap (8.0, according to Comsec).

It is true that some companies' P/E can be very low, but they tend to be companies with problems, eg high debt, companies that make their money from being financial engineers, etc.

In a nuthshell, it could go to 20's, but given its strong earnings (real earnings, not some Macquarie or Babcock pie in the sky earnings based on debt and revaluations) this is unlikely.
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I dont doubt u at all-i just seen in the post i put up-the poster said it would not happen in our life time-

i find that a bit funny-as we all know anything possible in this game-

that aside he might have a good reason that i would like to know-

Thanks guy's

Have a good weekend and better trading next week-

Thanks

Nick--
 
Didnt it go sub $30 earlier this year... that famous day in January :cool:

Personally I think for me enterance in to BHP would be $32.
 
njc.corp said:
on what facts and figures-

wont does not cut it in the market

things happen with-in a blink of a eye-

i would be interested to hear why it wont or cant go into the $20.00+ region


Thanks

Nick--
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Hi Nick what do you think of these numbers

Date: 18/7/2008
Author: Michael Vaughan
Source: The Australian Financial Review --- Page: 58
BHP Billiton has bought back a coal deposit in Queensland. The BHP BillitonMitsubishi Alliance (BMA) relinquished the New Saraji coking coal deposit in2002 to cut costs when coal prices were low. In July 2008, it has agreed torepurchase the asset from New Hope Corporation for $A2.45 billion. This is abouttwice the price expected by analysts, but BMA can gain cost savings and useinfrastructure from its adjoining Saraji mine

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 275.0 289.8 460.8 490.5
DPS 55.4 63.6 72.0 78.4

thx

MS
 
on what facts and figures-

wont does not cut it in the market

things happen with-in a blink of a eye-

i would be interested to hear why it wont or cant go into the $20.00+ region

Thanks - Nick--
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Hey Nick, when you find someone on this thread that can predict what a share price will drop to or rise to and backs its up with "facts & figures??" please point him/her out to me. Until that happens, I'll express my opinion like many others here who give their thoughts on where an SP may head.

Granted, I should have qualified my statement and given reasons why I don't believe BHP will drop below $30.

For what its worth refer to Mr T's response who puts up a case quite succinctly as to why its not likely to drop below $30

Ans and Kennas are looking at the $32-34 range as a possible bottom. I'll put my balls on the line and predict not below $33.

Time will tell and you may have the last laugh only I don't think many of us will be laughing if BHP goes sub $30

Regards, Col B
 
Didnt it go sub $30 earlier this year... that famous day in January

Personally I think for me enterance in to BHP would be $32.
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Ans it closed around $31 that famous day but may have dropped below $30 intraday I don't have the data.

I'm with you in buying back at $32-33. Only wish I sold when the buggers were up near $50 bucks recently. Shoulda, coulda (Hindsight a wonderful thing:confused: Regards CB
 
ColB said:
Ans it closed around $31 that famous day but may have dropped below $30 intraday I don't have the data.

I'm with you in buying back at $32-33. Only wish I sold when the buggers were up near $50 bucks recently. Shoulda, coulda (Hindsight a wonderful thing:confused: Regards CB
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Chartist out there does BHP have to close the Gap that happened back Jan?:confused: See the information below where it shows the gap. If so does this mean that BHP will go lower? A some feedback on this would be helpful for me. Thank you. :)

BHP BILLITON LIMITED
Date Open High Low Close Volume

23-Jan-2008 33.4000 34.2900 33.2900 33.8900 30,414,817

22-Jan-2008 31.5000 32.2800 31.0000 31.0000 29,678,753

21-Jan-2008 34.5900 35.0800 33.2900 33.2900 20,850,322


big.chart



big.chart
 
ColB said:
Ans and Kennas are looking at the $32-34 range as a possible bottom. I'll put my balls on the line and predict not below $33.

Time will tell and you may have the last laugh only I don't think many of us will be laughing if BHP goes sub $30

Regards, Col B
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Ill put my balls on the line and say it wont fall below $34-$35. Commodities will rebound very shortly. The smart money, and big-money, knows they are where you want to be for the next 40 years.
 
Gekko said:
Ill put my balls on the line and say it wont fall below $34-$35. Commodities will rebound very shortly. The smart money, and big-money, knows they are where you want to be for the next 40 years.
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Gosh

What a prediction and conviction on BHP management

Balls from Col B and Gekko may put too heavy weights on BHP shares when it reaches $34 and drag down further. I do not want it !!:D

So Let us hope both of you remain unhurt from any minor surgery occur from any BHP fall out, enjoy a fantastic quality life and BHP shares go up $35 and up up up :p:

Let us see what Monday turns out to be
 
Gekko said:
Ill put my balls on the line and say it wont fall below $34-$35. Commodities will rebound very shortly. The smart money, and big-money, knows they are where you want to be for the next 40 years.
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On the bright side flights to Thailand are pretty inexpensive these days...LOL

But seriously, all mining stocks were pummeled for no apparent reason - looks like the cause of the matter - namely yanks profiting from shorting an already anxious market - looks to be patched for the time being. Thus a positive bounce is due.

I won't put any bodily items on the line - but I'm with you in regards to not seeing BHP below $34.
 
nyo said:
Chartist out there does BHP have to close the Gap that happened back Jan?:confused: See the information below where it shows the gap. If so does this mean that BHP will go lower? A some feedback on this would be helpful for me. Thank you. :)

BHP BILLITON LIMITED
Date Open High Low Close Volume

23-Jan-2008 33.4000 34.2900 33.2900 33.8900 30,414,817

22-Jan-2008 31.5000 32.2800 31.0000 31.0000 29,678,753

21-Jan-2008 34.5900 35.0800 33.2900 33.2900 20,850,322


big.chart



big.chart
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Could well do. Then again, may not. :D

That was an island reversal (thats the technical name). That area, the bottom of the 'island' or the bar below the gap, will act as some strong support.

My bet, would be unless some terrible data came out of China, BHP won't go below $30.

Nothing showing a stop of this fall in the short-term though. Resources have been coming off of late, with more price falls on Friday night.
 
ColB said:
Ans it closed around $31 that famous day but may have dropped below $30 intraday I don't have the data.

I'm with you in buying back at $32-33. Only wish I sold when the buggers were up near $50 bucks recently. Shoulda, coulda (Hindsight a wonderful thing:confused: Regards CB
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Exactly like me COLB, I feel your pain:D

I sold out when it hit $40 a while back thinking that it would drop...

but yeah if it hits $32-33 then Im in (for the long term)....but then you who knows? Maybe it will go below $30 and it would be amazing if it did

But I think it may spike on Monday a bit.
 
BHP reporting on 18 August. I expect the profit reporting will be fine, and within expectations. This will be the catalyst for BHP's bounce, and I'd expect, the overall market to bounce too. Next years profit will be even better. :)

Bad news out of China.....mmm, well they are holding the Olympics aren't they;)
 
I'm not much into charting but are they inverse hammers at the bottom of all those big gains (Jan 31-, Mar 21-, May 1-)? If so, given we had an inverse hammer Friday, maybe we will see another strong rally from here? Expert chartists forgive me if I'm way off track, I don't actually know what "inverse hammers" are supposed to indicate :confused:
 
This is the best site I have found on candlesticks:

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks

This link provides for actual patterns:

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern_

Personally, I only use hammers or shooting stars on high volume ONLY when the market was trending, signalling a reversal. Never in sideways movement zones. Have not found other candles or patterns overly useful, but find them generally easier and quicker to take in at a glance, as opposed to bar charts.

Cheers
 
:topic but..

Thanks MRC,

I don't know why they don't teach this stuff in schools. The 12yr old with the Scooby avatar has the right idea. Hopefully by the time he is our age he will be retired or at least paying enough tax to help keep the hospitals open. :D
 
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