ASX Shares BHP Billiton

I hope you don't hold any BHP shares including in your super.

Share value erased all gains from the mining boom.

 

There were something like 24 analysts talking up BHP and one dude wasn't. There was even a quip about it on ABC radio - "who's the nutjob?" kinda angle.

Makes you wonder.

Who's brave enough to slap a 'sell' on BHP Billiton?

 

I actually bought BHP with my super at $29 half a year ago and sold it at the same price after a month. Don't know why but I just couldn't sleep well after I bought it.

 

It,s back below the lows after the GFC mach i,dividends are around 87 cents fully franked,%annual yield is 8 plus %,so if you work the entry costs as it has traded below twenty dollars a few times over the past 48 hours
as all the all the people that are writing on current financial matters are saying sell ...

 

Anybody going to start buying? Thinking I might jump on it long term for my first stock.

 

Maybe have a look at the chart first,not something i would buy but at 15 bucks who knows..

 

Why?

Their main competitor Vale has not started major iron ore production yet.

When Vale releases the floodgates of iron ore (pardon the pun regarding recent disaster) into the already oversupplied market, expect a lot of pain.

BHP management is even contemplating borrowing money so they can maintain dividend payments. WTF? Very, very wrong.

 

I doubt they will have much cash to pay in dividends. They're delaying payments to suppliers by twice as long as before, and they could borrow money so they can pay dividends. It's a slippery slope. Not all dividends are good dividends. Some pay dividends just to look good yield-wise.

 

I may consider when they are trading between 14-16 range. May be good for a long term strategy I reckon.

ORG and STO on my watchlist as well.

 

I think I should get into shares...at some point in my life.

 

If I have to buy Australian shares, I'll stick to the banks and the staples.

 

By that you mean moving to the industry standard? It's not like suppliers are suddenly concerned they aren't going to get paid for the tyres they supplied the company.

Yes there most definately are risks associated with BHP (and several other mining houses), but their payment periods for invoices isn't one of them.

 

Depends entirely on how long the hold is for. I wouldn't mind bhp in my super because I've got a long time to go before I access it. If i had say 5 +yrs to go, then yes, I'd not have bhp.

 

Only started getting into shares recently. Bought some BHP last week, let's see how they go - only downwards so far, haha.

Cheers,
Michael

 

I was talking to another investor about one hour ago,i think he said he bought 10,000 at $21.00 less then 7 days ago,without entry costs a few times today he would have been 12k down on paper..imho..

 

reality is, considering their net position, BHP at <$20 is a good buy for long term.

 

No one can pick the bottom. I'd say he is doing better than someone who bought a month ago?

 

I wonder how "China" is going, or if he ever got out of BHP...was quite heavily invested if i recall.

 

Yep. it is approaching GFC lows. who knows it may entering into capitulation phase.

 

15,000 shares @ $35.77 iirc.

pinkboy