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BHP Billiton

Discussion in 'Other Asset Classes' started by Waterboy, 13th Nov, 2015.

  1. Waterboy

    Waterboy Well-Known Member

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

    Share value erased all gains from the mining boom.
     
  2. Aaron Sice

    Aaron Sice Well-Known Member

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  3. FireDragon

    FireDragon Well-Known Member

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    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.
     
  4. willair

    willair Well-Known Member Premium Member

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    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 ...
     
  5. House

    House Well-Known Member Premium Member

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

    willair Well-Known Member Premium Member

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    [​IMG]

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

    Waterboy Well-Known Member

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    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.
     
  8. Waterboy

    Waterboy Well-Known Member

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    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.
     
  9. apk

    apk Well-Known Member

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    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.
     
  10. larrylarry

    larrylarry Well-Known Member

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

    Waterboy Well-Known Member

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

    Waldo Well-Known Member

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    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.
     
  13. JDP1

    JDP1 Well-Known Member

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    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.
     
  14. Michael_X

    Michael_X Mortgage Broker Business Member

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

    Cheers,
    Michael
     
  15. willair

    willair Well-Known Member Premium Member

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    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..
     
  16. Aaron Sice

    Aaron Sice Well-Known Member

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    reality is, considering their net position, BHP at <$20 is a good buy for long term.
     
    Excalibur1 likes this.
  17. Waldo

    Waldo Well-Known Member

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

    Jamie_ Well-Known Member

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

    Soul Well-Known Member

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

    pinkboy Well-Known Member Premium Member

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    15,000 shares @ $35.77 iirc.

    pinkboy