The buzz
04 May 2016
Re: $43.4bn Lawsuit For Samarco! Currently trading at about 822.6-823.5p. Not good news, but not as bad as in Australia. I must admit that I would be reluctant to buy at the moment.The B
The buzz
04 May 2016
$43.4bn Lawsuit For Samarco! Clearly he Brazilian authorities want to milk as much money out of Samarco as they can squeeze from a big mining company:-[link] "The civil action is separate from a lawsuit that Samarco, Vale and BHP settled with Brazil's government in March, in which the companies agreed to pay an estimated 20bn Brazilian reais (£3.86bn) for the damage"Big fall of about 10% on Sidney stock exchange:-[link] I spotted another court action:-[link] B
reader61
03 May 2016
What is the yield now? Broker site appears to be showing 8% but many of you have posted re 75% drop in divi so I'm guessing my info's not right?Anybody actually thinking of going in at these prices or is consensus for bigger falls to come?
II Editor
20 Apr 2016
NEW ARTICLE: BHP rallies as iron ore guidance cut "Forced to curtail investment and dispose of some assets to protect its long-term value, LSE:BLT:BHP's production levels have suffered so far this year - made even more painful by poor weather. The group has now become the second miner to cut its ..."[link]
Rhigos
19 Apr 2016
Re: BLT +20.5% in last 7 days Shanks Pony,I have been thinking of selling. Held since Mar 2004 and traded 16 times had have made good profits. Currently hold 1/4 of my holding bought in 2004. My average purchase price 1049 so remaining holding showing a loss of around 10%. May regret this but think I will hold for a little while longer in the hopes that current upward trend continues. Now up about 60% on January low. Anyone who bought around 615 will have made a large fast profit.
Shanks Pony
13 Apr 2016
Re: BLT +20.5% in last 7 days I may well regret this decision, but I've sold out completely this afternoon. Bought a few tranches in the early to mid £7's and seen a nice profit. To me it's been up and down like a fiddlers elbow as has the entire commodity market.Half of me thinks this will soon be in the £9's then £10's again and the other half of me thinks I'll be buying back in the £7's. Time will tell. Good luck to all holders.
Rhigos
13 Apr 2016
BLT +20.5% in last 7 days BLT my biggest percentage gainer in the last week. Price of copper going up which is a very good sign as it is a barometer of growth. Being still rather overweight in mining shares I hope current trend continues. TLW up 11.47% today suggesting oil price expected to rise more.
II Editor
18 Mar 2016
NEW ARTICLE: Does A 20% Pop In The Iron Ore Price Make BHP Billiton plc A Buy? "BHP Billiton (LSE:BLT) is in theory a diversified mining giant, but in practice its currently hugely reliant on iron ore for its profits. So higher prices must be good news, right? Well yes, but... Owain Bennallack has no position in any ..."[link]
II Editor
10 Mar 2016
NEW ARTICLE: How Draghi destroyed FTSE 100 rally "For a moment, it looked like Mario Draghi's big bazooka had done it again. Some non-conventional monetary policy measures initially propelled the @GB:UKX:FTSE 100 close to their 2016 highs above 6,200. However, the post-announcement Q&A session ..."[link]
Fabius1
05 Mar 2016
Re: Divi slashed 75% -- loss $5.67Bn 'It's easy now to bleat that "We should all have seen what was coming, it was blindingly obvious".Well, yes, it is ... but only with the benefit of 20/20 hindsight. 'Disagree there. It was predictable because the sector is routinely cyclical, it is the extent of the prediction that is tricky. I still think we haven't seen enough casualties laterally and lower down the food chain. The political porkies and stats lackies in central office are doing their best to subvert the laws of natural selection at their peril. I read something on the BeebCeeb the other day that a gaggle of PC teachers are trying to ban tackling in rugby at schools. Someone really should take them to one side and politely suggest they stick to netball.PS - Re your note on divis being overrated. I know what you mean but I think we would both agree that they are an important litmus test on the health of a company on the cashflow and balance sheet front. Market was right, management was wrong.F1
Fabius1
05 Mar 2016
Re: Hindsight Games'It's probably just a matter of time before sentiment shifts to all these other companies sporting P/E's of 25+ to being recategorised as needing a P/E in the 10-15+ range which is still pretty generous compared to their real growth rates.'My sentiment too. These are very crowded sectors and with good reason. B@'gger allon cash deposits, changes in pension drawdowns and the pursuit of yield and growth all of which conspire to make a potentially tricksy cocktail. We have seen cyclical valuation resets in commodities, banks generally rendered functionless without gearing for growth as opposed to filling holes in the balance sheet with cheap subsidised paper for thin margins. I just feel there has to be a further correction to trigger the final reset button to value ready for the next economic cycle. Laws of physics really. Good weekendF1
Jack_Walsh
03 Mar 2016
Re: Samarco Fines Agreed Don't forget that Vale pay half.Obviously, though, it was a terrible tragedy.
The buzz
02 Mar 2016
Samarco Fines Agreed [link] as bad as feared - but £804m is still a big fine!The B
The buzz
24 Feb 2016
Samarco Prosecutions [link] report concluded that the accident was caused by excess water in the dam, lack of proper monitoring, faulty equipment and failure in the drainage system.It discarded the possibility of any minor earthquakes during the incident."Lack of management control in my opinion - does not reflect well on BHP. How many more mines under BHP are also badly managed?The B
Eadwig
23 Feb 2016
Re: Divi slashed 75% -- loss $5.67Bn Jack, "Also, experience often only works when the same set of circumstances arise a second time - which they don't in global events"True enough. I've been thinking it through and remember all the distractions going on at the critical times that were impacting stocks I hold in other sectors. Grexit, the Arab spring, gold prices running riot with the eventual drops lagging far behind all other commodity metals (they still are), banking scandals on top of banking scandals. China slowing and re-positioning the economy, Quantitative Easing in USA, Japan, Europe and US budget deadlocks almost every year.As if that wasn't enough, UK housing taking off again, UK supermarkets suddenly hitting a brick wall with their business models, utilities going out of favour as the general election approached (and staying that way), said election and erroneous poll predictions, Scottish referendum, defence cuts, smartphones, the death of Blackberry and the rise of Apple, biotech companies going stratospheric, record highs on many markets, Facebook suddenly stealing a massive chunk of global advertising spend ... the list goes on and on.... and, of course, the oil price dropping off a cliff, which is supposed to be good news for everyone except oilers, though I can't seem to find a decent way to play it - as gamesinvestor is well aware.Anyway, I suppose there was an awful lot of background noise, but I still think I should have far better side-stepped the mining share price falls than I did, if only because personally I was following a lot of the main indicators all the way through, even if for other reasons.I suppose a technician will pop up now and tell me that it was all in the charts if only I had heeded them. Truth is, I was playing China from so many angles I probably didn't want to see the signs.I wonder if starting a family as I approached 50 was at all distracting as well. Hmmmm.
