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Miner said:
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
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Yes BHP met the speculation by raising dividend

Would the market be happy just with ROI increase and increase dividend as sufficient factors already included in the price.

Any thing positive if market reacts to lift the price above $40 considering it went much above that recently without actual profit being declared.

I am keeping fingers crossed for tomorrow and tonight (NYSE)

http://www.asx.com.au/asxpdf/200808...85FA2=0&bcsi_scan_filename=31brjp9plp2x91.pdf
 
Hi All
After reading this report in ABC Posted 2 hours 27 minutes ago (5.30 AM WST)

BHP Billiton has urged investors to be patient with its $US150 billion ($173 billion) takeover bid for rival Rio Tinto, while analysts have predicted regulators may put restrictions on the proposed merger[/B]

and seeing the NYSE trend even if BHP ADR has made some minor up I am not very hopeful to see any better of BHP today at ASX.

Few moments of nervousness for me and ? :confused:
 
Miner said:
Few moments of nervousness for me and ? :confused:
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BHP's been recovering pretty well during Aug. Broken resistance at $40 and potential to crack $42. Have to be happy with an $6 gain for the month..
 

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kennas said:
BHP's been recovering pretty well during Aug. Broken resistance at $40 and potential to crack $42. Have to be happy with an $6 gain for the month..
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May just be closing the gaps, has a couple overhead to get through. Quite some resistance for BHP to get through above.
 
Because BHP has a pie in OIL and whenever oil drops in value so does BHP. BLT.LON is taking a sever beating as well. I got out at 41.50, because a severe drop in price was imminent. But hopefully it will start to rally from the end of week. As no one in OPEC will like the oil to go below $100 a barrel. Iran (a member of OPEC) has already made it quite clear.

As financials are improving, it will also cause commodoties to lose their value. Until something unexpected happens in the oil front and US dollar continues its upward trajectory, BHP might hits its said target of $31 till the end of this year.

P.S Today was ex-dividend day, which will also explain some drop.
 
I was not anticipating this sequence of lows from BHP. It lost almost all the gains it made over a month. I was hoping a recovery in BLT or BHP (ADR) today might lead to a steady recovery in ASX:BHP. But I guess market has other plans...

But todays decline seems concerning to me. I was thinking of entering around 36 but now not so sure. From the news I conclude:
1- Negative spin on BHP and positive on Vale.
2- Oil smackdown
3- Tough clearance issues from European regulators for RIO.(recently process stalled)
4- Negative sentiment on commodities emating from US. (although financials are also not showing strength either).

Can someone provide a technical analysis of BHP and where it might be heading? especailly for a short to medium term(1-3 months).
 
I'm hoping it doesn't even get down to $36!

They've made record income this year haven't they? I really need some of my shares to kep move up, pleeeeease!!!
 
Motogoon said:
I'm hoping it doesn't even get down to $36!

They've made record income this year haven't they? I really need some of my shares to kep move up, pleeeeease!!!
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That dramatic failure at $42 resistance set the tone. Sure they made awesome money last year but the market rates stocks of forward earnings. XAO will be crumped today and nothing will be saved. Crash helmet on for long longs....
 
kennas said:
That dramatic failure at $42 resistance set the tone. Sure they made awesome money last year but the market rates stocks of forward earnings. XAO will be crumped today and nothing will be saved. Crash helmet on for long longs....
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Forward earnings will be 50% (at least) higher than 08!

Coal tripled and iron doubled - all locked in.

Crash helmetted me will be buying into this noise.

Though a long lunch will be in order, nobody needs to watch this train smash for any more than a couple of hours.
 
kennas said:
That dramatic failure at $42 resistance set the tone. Sure they made awesome money last year but the market rates stocks of forward earnings. XAO will be crumped today and nothing will be saved. Crash helmet on for long longs....
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It looks like your fear is coming to reality
DJ slumped 344.
Probably BHP will back to $34 on momentum and fear as well as considering RIo BHP not going to be happening in a year's time, nickel price (a big business Nickel West) constantly down, low Oz dollar will assist.

So general market will be down. :banghead:
 
BSD said:
Forward earnings will be 50% (at least) higher than 08!

Coal tripled and iron doubled - all locked in.

Crash helmetted me will be buying into this noise.

Though a long lunch will be in order, nobody needs to watch this train smash for any more than a couple of hours.
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Maybe the market's looking further forward than that?

Or, maybe it's a fantastic buying opportunity. The market's just panick selling BHP right?

Wonder what's going to happen with their other earnings? Oil, Ni, etc..
 
Seems like todays announcements are good news, enough to make me feel a lot more positive anyway.


Hopefully another good day to follow tomorrow.
 
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