barleycorn
18 Aug 2016
Re: Record Loss - Divi cut 77% Certainly, if you can see better opportunities. But if the commodities cycle has really turned, sp will anticipate in advance. I can't get the chart to load so am posting without.
MoleMan99
17 Aug 2016
Re: Record Loss - Divi cut 77% Profits and investor returns for next year or two will be very humdrum at current commod levels. Plenty time for enthusiasm to sag at some point here so I still wait it out.
Rhigos
16 Aug 2016
Re: Record Loss - Divi cut 77% First bough BLT in Mar 2004 topped up in Aug 2004 to maximum number of shares held. Traded 11 times after that more sells than buys now have 1/6 of max number of shares. Last trade was a sell in Oct 2012 @ 2012p. In hindsight should have sold out then but at least got some good dividends. On average purchase price at yesterdays close I'm -0.59% and they represent 2.09% of total portfolio value. About 3% up at current SP.4 Aug this year sold some RIO following expected bad results and although SP up 1.1% at yesterdays close I used cash from sale same day to buy JMAT +6.8% since that purchase and UKW +5.5%.I think following SP rise this year and good rise today following bad (but not as bad as expected) results it is time for me to cut exposure to mining sector (14.5%) considering selling half my remaining shares in BLT for a small profit. I think I can do better elsewhere.
LK Hyman
16 Aug 2016
Re: Record Loss - Divi cut 77% Proverbs,BLT is 1.2% of my shrunken wad. The beauty of my system of revaluing my "cost" at the beginning of each calendar year to the price then prevailing is that BLT (and RIO and ANTO) are all showing substantial gains against my "cost". That enables me to go lalalalalalalalala like the three monkeys as regards my original cost which, in the case of BLT, was, if memory serves, about where it is now.There was some klutz on the Today programme this morning who was predicting that the results would have investors racing to bail out. It just goes to show how little these supposed "experts" know. Mr Market had long ago realised that these results, at the reported level, would involve a stonking loss, so the fact that there were no additional unexpected clusterfucks explains today's healthy rise (and that of ANTO which also reported today).LKH on the flybridge
Proverbs 26 vs 5
16 Aug 2016
Re: Record Loss - Divi cut 77% Alas my holding was 2%. It is now 1%.The perils of buying for income.
allch
16 Aug 2016
Re: Record Loss - Divi cut 77% AAL have more than tripled since chopping the dividend, maybe in our dreams great things are ahead for BLT
gamesinvestor
16 Aug 2016
Re: Record Loss - Divi cut 77% "I wish I'd never heard of it!"remarkably I'm only 7.5% down on this monster and it's only 0.71% of my wad -- not sure it will be with me for long.Iron ore seems insanely on the rise despite further building and infrastructure cuts in China.It's impossible to judge the sentiment behind this stuff, because it never seems to stack up with the fundamentals.Like the discussions around OPEC every few months for oil, it winds up before hand and when it's obvious there is nowt they can do, the price of oil falls again. The iron ore story seems the same.Games -- Unless I'm wildly wrong in those assumptions of course.
LK Hyman
16 Aug 2016
Re: Record Loss - Divi cut 77% Games,No surprises in the results. BLT are ploughing on with Jansen Potash which looks to me as if it will prove to be a total waste of money.The oil division's output looks set to fall more than I would have expected.All in all BLT remains ... just ... a hold. I wish I'd never heard of it!LKH on the flybridge
gamesinvestor
16 Aug 2016
Iron Ore Up - Capex further cuts [link]
gamesinvestor
16 Aug 2016
Record Loss - Divi cut 77% [link] company posted a loss of $6.4bn from a profit of $1.91bn the year before. Analysts at UBS had been expecting a full-year loss of $6.8bn.Excluding $7.7bn of writedowns and charges, underlying profit was down 81% from 2015 to $1.2bn.BHP declared a final dividend of 14 cents per share, which was 77% lower than the previous year’s 62 cents.Games -- It just gets better doesn't it?
II Editor
15 Aug 2016
NEW ARTICLE: Chart of the week: Take profits before BHP’s results? "I have been covering LSE:BLT:BHP Billiton since the winter lows at around £6 in January, when I explained that the market's slide was almost certainly coming to an end, based on the chart wave patterns I had found. Remember, this was when ..."[link]
MoleMan99
11 Aug 2016
Re: BLT 20.5% in last 7 days The last few weeks excitement for commod companies is starting to feel stretched. I do concede it will take something special to see 600p again though and I can't see that event on the horizon, just yet.
MoleMan99
06 Aug 2016
Re: Question Sentiment driven. Jobs data in USA OK. Everything is solved. We're all making money.You decide. ME, I am a bit cautious that when traders return in the Autumn, they will start to punish high valuations, but believing that leads to this irritating period where you feel you are missing out and got it all wrong.
MoleMan99
06 Aug 2016
Re: BLT 20.5% in last 7 days Comments justified by years of owning BLT and getting burnt believing the global recovery story, but thinking I was safe with a good company then they let the Samarco thing happen.Perhaps I have been burnt too often to trust them again.
Gooffy
05 Aug 2016
Question What is driving this upwards.Oil in region of $40 and when driving season ends in a few weeks draws will probably disappear. GS said copper prices will be lower.Would like to know if anyone does, suspect it might be the rate cut but it's divi was cut last year so that shouldn;t make a lot of difference.
