gamesinvestor
29 Sep 2016
Back in the black Woo hoo -- I'm no longer losing money on this munter. I regard that somewhat of a lucky result.The question now, is this recovery real or is BHP just being carried up with euphoria of the fake oil deal and the blind hope that China is Okedoke all over again?Mind you if there is any realism in these projections, then I suppose it could still be cheap :-Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield2017-06-30 24,591.38 3,951.24 43.42p 25.6 0.2 147% 28.48p 2.6%OK - go on then I'll keep it a bit longerGames
LK Hyman
28 Sep 2016
Re: Jansen Potash Itsyer1,I can't see BLT bidding for SXX mesen, though it's not impossible that they may do so.They would look awful chumps, having poured billions down a huge hole in Saskatchewan with no production date in sight, to plunge balls deep into SXX, with its product which, while the trials suggest that it's a good fert, is completely untried out there in the real world, with a fairly high proportion of the initial output being committed at pretty low fixed prices to opportunistic buyers.Nah, I think BLT are committed to MOP and Canada. They won't want to take a flyer on Blighty polyhalite, with its low K content, albeit virtually salt free, and its fixed proportion of S, Mg and Ca, which buyers may or may not want in those fixed proportions.But you never know!LKH at the LK Wash & Valet
itsyer1
28 Sep 2016
Re: Jansen Potash [link]
Jack_Walsh
28 Sep 2016
Re: Record Loss - Divi cut 77% Moleman.The FTSE CAPE10 is still only at 13.2 (ish) - which is well below the LT average of 16. Clearly, this is well below the current PE of the FTSE, which is probably nearer 25-30.Part of what's holding-up the markets is the expectation that profits will recover, so pushing down the PE nearer to the CAPE10 PE.The alternative is that earnings won't recover, and the CAPE10 will rise (or the FTSE will fall).My feeling is the earnings recovery will be from companies such as BLT - which is why the SP is still rising monotonically.Who knows!FTSE still a LT hold for me.
MoleMan99
23 Sep 2016
Re: Record Loss - Divi cut 77% I can see a bit clearer todayJapan states it will target 10 year bond to stay near zero yieldUSA states interest rates will rise only graduallyLarge amount of liquidity suddenly free to slosh around in equity markets again.Bit like bonds, I think valuation is out the window on many stocks, and it is simply a bet you can sell to someone else at a higher price.It's fun, but risky, and no way to build a pension. No wonder small investors continue to put money into Buy to let.BTL not BLT!
MoleMan99
22 Sep 2016
Re: Record Loss - Divi cut 77% I hereby announce my official retirement of predicting the future.Still can't quite see where the excitement is coming from or that it will last, but clearly I am wrong.Only another 40% to go and my final holding stuck in a US trading account will be in profit.
MoleMan99
01 Sep 2016
Re: Record Loss - Divi cut 77% Other miners, and the likes of Glen declining too. Samarco just makes it worse for BLT, as does USA oil and an eventually strengthening pound.Looking for value, but nowhere near it yet.
casper72
01 Sep 2016
Re: Record Loss - Divi cut 77% I think the drop is linked to the Samarco technical report that was issued on Tuesday. You have to register to get access, but its pretty clear that there were systemic failings in the construction and management of the dam running back for over a decade.
MoleMan99
31 Aug 2016
Re: Record Loss - Divi cut 77% Traders seem to have returned from their hols in a bit of a bad mood with miners.
Rhigos
30 Aug 2016
Re: Record Loss - Divi cut 77% LKH,I agree with all your comments. I particularly like it that Rio Tinto approves development of Oyu Tolgoi underground mine with Mongolian government. Copper and gold makes a pleasing bit of variety from iron ore. As you will know gold miners are currently well outperforming base metal miners. Iron of course ore will continue to be the backbone of RIO and BLT.
LK Hyman
29 Aug 2016
Re: Record Loss - Divi cut 77% Rhigos,"prefer RIO over BLT"Me too. BLT's Samarco and Jansen are both munters. I like RIO's bold move in Mongolia (though it could go pear-shaped if them Mongolian top boys get antsy) and Grasberg could be a winner too. Plus Resolution copper (BLT have a bit of it along with RIO) looks good.But, above all, RIO have more of the Pilbara than BLT and their costs are lower. End of.LKH on the flybridge
Rhigos
28 Aug 2016
Re: Record Loss - Divi cut 77% Sold 1/2 my BLT shares at 1081 on Friday afternoon having put limit order on each day since 18th Aug. not always at 1080 sometimes as high as 1085. My holding now down to 1.14% of total by value. Sold at a very small profit of 2.89% on average purchase price (1st bought in 2004). Had a lot of decent dividends so was good for topping up my modest income. Before crash in 2008 I owned a lot more BLT shares, over 12% by value of total but took profits over the years.I have lost my appetite for general miners and prefer RIO over BLT. I still have nearly 13% by value in mining sector, but a good percentage of that in precious metal miners HOC, CEY, RRS and FRES which I am still bullish on, though I did take some profits on FRES and CEY in July.My potentially biggest value disaster is VED showing an unrealised loss of 64.6% oh and AGQ just about failed, down 99.8% now hardly worth commission charge to sell. Would not mind so much if I had large capital gains and could could use loss to reduce CGT but most of my shares now in ISA and market has been a bit flat the last few years.
allch
23 Aug 2016
upgrade Jefferies hold to buy 12.50 price target from 11 quid
LK Hyman
19 Aug 2016
Jansen Potash This is an interesting article provided courtesy of proper pasty on the SXX board:[link] seems a remarkably cavalier approach to a big capital investment though, having taken the decision to proceed when the potash price was much higher ... and in the aftermath of the rejection of BLT's bid for PotashCorp, perhaps BLT has little alternative but to carry on spending capital, albeit at a slower rate.Nevertheless this project alone is almost solely responsible for my thinking that BLT is at risk of losing the plot. I'm hanging on to my small stake (1.2% of wad) but increasingly doubtfully.LKH on the flybridge
Rhigos
18 Aug 2016
Re: Record Loss - Divi cut 77% I am annoyed with myself for not making my mind up faster regarding plan to sell half my holding. Wanted to get 1080 but after SP being higher than that early Tue morning it has not reached 1080 again, Put limit sell order on at 1078 this morning before 08
0. After sale (if met) I will be holding about 1/2 average value of my company share holdings in BLT.
