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BHP - BHP Group

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Production & exploration/development reports out.

They look pretty good to me, records in a number of production levels

"Annual production records achieved in petroleum, copper, iron ore, manganese ore and alloy, alumina and molybdenum. Annual production also increased in crude oil and condensate, uranium, lead, zinc, silver and diamonds.

Quarterly production records achieved in alumina, copper, iron ore and manganese ore."

Given the prices for their main products,eg copper, oil, iron ore, coal have maintained high levels as well, they are looking good!! :2twocents
 
jonojpsg said:
Production & exploration/development reports out.

They look pretty good to me, records in a number of production levels

"Annual production records achieved in petroleum, copper, iron ore, manganese ore and alloy, alumina and molybdenum. Annual production also increased in crude oil and condensate, uranium, lead, zinc, silver and diamonds.

Quarterly production records achieved in alumina, copper, iron ore and manganese ore."

Given the prices for their main products,eg copper, oil, iron ore, coal have maintained high levels as well, they are looking good!! :2twocents
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Reaction will depend on what was expected jonojpsg. The 'analysts' may have expected more, and BHP could have projected better. I'm not in the know on that one. Market will tell us.
 
Record year puts pressure on BHP to lift dividend
24 Jul 2008 | The Australian Financial Review | Jo Clarke

http://www.afr.com/home/viewer.aspx?EDP://20080724000030059053&magsection=news_home1&source=/_xmlfeeds/home/feed.xml&title=Record+year+puts+pressure+on+BHP+to+lift+dividend

There is market speculation from analysts suggesting BHP to lift its dividend
Details are provided in above link from AFR

Cheers
 
What happened to the BHP / Rio merger, Is that still on the table. :bricks1::bricks1: ( i just learned how to use the cartoons)
 
Tysonboss1 said:
What happened to the BHP / Rio merger, Is that still on the table. :bricks1::bricks1: ( i just learned how to use the cartoons)
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It's gone pretty quiet. Some analysts were saying the strong BHP result and, more importantly, the future outlook make the takeover more likely from a shareholder point of view. Problem is that there is no clarity from the regulator standpoint, either here or O/S.

Either way I've heavy into both companies. :aus::jump::aus:
 
subaru69 said:
It's gone pretty quiet. Some analysts were saying the strong BHP result and, more importantly, the future outlook make the takeover more likely from a shareholder point of view. Problem is that there is no clarity from the regulator standpoint, either here or O/S.

Either way I've heavy into both companies. :aus::jump::aus:
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Hm still pretty good

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 275.0 288.0 458.0 487.5
DPS 55.4 63.2 72.0 77.9

Date: 24/7/2008
Author: Jamie Freed
Source: The Sydney Morning Herald --- Page: 31
In a promising quarterly report on 23 July 2008, BHP Billiton indicated it is ontrack to reach record-breaking earnings of $US15.7 billion. Analysts werepleased with the report, which outlined record June-quarter production levels incopper, iron ore, alumina and manganese. Petroleum production has increased 13%since last June. BHP forecast a lowering of production by between 10% and 15%per year at the BHP-Rio Tinto Escondida mine in Chile, due to declining grades.BHP did not release production figures for its new $US2.2 billion Ravensthorpenickel laterite mine in Western Australia, but revealed it will be under $US313million due to early-stage costs. BHP gained 21.3% in iron ore productionquarterly, beating takeover target Rio Tinto's 13%
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thx

MS
 
I was looking at some yearly , quarterly and monthly charts this evening and noticed an intriguing pattern about BHP.

It has been in an accumulative trend for 4 years , with a gradual increase in volume until the beginning of 2007.

Since then the share price has increased but the volume has dropped.

This would indicate to me that there is little or no distribution of BHP, with the holders not selling off on weakness in any large numbers.

I had hoped to grab more BHP under $30 last year but realise the folly of that now.

It appears set to trade in a range between between $32 and $50 and i will buy more of this Aussie beauty if it gets anywhere near $32 in the future.

I enclose a monthly chart.




gg
 

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BHP Billiton ADR got SMASHED in US on Friday.

[70.25 down -4.41 -5.91%]

It's going to be a rocky start to the whole Index on Monday.
 
Caliente said:
BHP Billiton ADR got SMASHED in US on Friday.

[70.25 down -4.41 -5.91%]

It's going to be a rocky start to the whole Index on Monday.
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So, if we do the same then BHP will go below $37? That's where it was a couple of weeks ago wasn't it?
 
I thought the H&S on BHP was going to be invalidated late last week when it poked it's head through $40, but the resistance was too great. Therefore, still in play with a target around $34 ish. Just probabilities and of course, and TA does not predict the market. :p:
 
kennas said:
I thought the H&S on BHP was going to be invalidated late last week when it poked it's head through $40, but the resistance was too great. Therefore, still in play with a target around $34 ish. Just probabilities and of course, and TA does not predict the market. :p:
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So, H&S = Peruvian for ?? [Naive question but only between you and me...:)

TA does not predict the market? Careful Kennas --- :rolleyes:
 
Muschu said:
So, H&S = Peruvian for ?? [Naive question but only between you and me...:)

TA does not predict the market? Careful Kennas --- :rolleyes:
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LOL.

H&S is Head and Shoulders, but the neckline is at $42 not $40, although $40 looks to be very important down the track.
Check the Head and Shoulders thread for charts and discussion.
 
Caliente said:
BHP Billiton ADR got SMASHED in US on Friday.

[70.25 down -4.41 -5.91%]

It's going to be a rocky start to the whole Index on Monday
Click to expand...
I can hear a few Graham Kennedy crow calls already :banghead:

One question for posters......... why is the ASX200 SPI Futures index not reflecting this?
 
alleyronin said:
I can hear a few Graham Kennedy crow calls already :banghead:

One question for posters......... why is the ASX200 SPI Futures index not reflecting this?
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BHP does not make up the entire index. Perhaps.

If there's some follow through, and the financials keep sliding, then it will be factored in soon.
 
kennas said:
LOL.

H&S is Head and Shoulders, but the neckline is at $42 not $40, although $40 looks to be very important down the track.
Check the Head and Shoulders thread for charts and discussion.
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So the $34ish target is the waistline? Now I get it! I can go and watch my grandson play real football and relax in peace....:)
 
kennas said:
BHP does not make up the entire index. Perhaps.

If there's some follow through, and the financials keep sliding, then it will be factored in soon
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BHP and RIO make up 1/6 of the index and they fell 6% on the NYSX on Friday. Even allowing for our lower Friday and the US dollar strengthening it is still a big, sudden drop. Not a good omen.
 
Muschu said:
So the $34ish target is the waistline? Now I get it! I can go and watch my grandson play real football and relax in peace....:)
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:) LOL. Grandson! Crikey!!!

The H&S formation is just a general TA concept that may or may not eventuate. It's a probability, not a certainty. And I'm actually not sure what 'probability' means in % terms. Must be more than a 50% chance, but I'm just plucking. Damn, I should know that! :eek:

Here's some theory on H&S:

http://stockcharts.com/school/doku...._analysis:chart_patterns:head_and_shoulders_t
 
Yep, simply a probability, one of which has to be continuously prooven and disprooven. Sorry to sound like tech/a, but too many want to find that crystal ball or simply set and forget!

Unfortunately, we are not in a several year bull market, so those days are over! It's why I see a transition to trading funds (hence a move towards hedge funds), as opposed to your traditional mutual funds, visits to stockbrokers or people trying to invest for themselves. You need to be continuously prudent at the moment and really need the ability to short, if simply to hedge broader market risk.

As most know, this market is 'fukced', so it's simply about minimising risk and high freqency trading IMO to really be able to gain an edge.

T/A will only give you an indication of what could happen a few days forward IMO. For longer-term, you need fundamentals, but with information coming out non-stop, even those fundamentals have to be re-evaluated on a continual basis.

Pattern 'probabilities':

http://thepatternsite.com/
 
Well put. Its not a market for 'set and forget' but I think with the volatility getting in and out quickly can reap rewards.
 
Nicks said:
Well put. Its not a market for 'set and forget' but I think with the volatility getting in and out quickly can reap rewards.
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Might be time to make a quick buck off bhp buying in today at these old support lvls of past. I'm turning off my comp today, waste of time expecting anything bull to happen.

Note to self: Put more money into your short system.
 
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