Copper down, oil down. $58b civil suit against Samarco joint venture..
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http://www.abc.net.au/news/2016-05-0...or-dam/7381824
This might explain why it has "dipped a bit" ;)
Thought I was out of the woods with this one but at this rate the price will be below my 16.74 buy price in a couple of trading days.
52 week (14.06 - 25.77)
Will it hit 52 week high again?
http://seekingalpha.com/article/4008...k-bhp-billiton
Another Look At BHP Billiton
Hope they get fined billions for their part in the deveststion and loss of lifes when that dam in Brazil burst
Subtly trying to distance themselves from it
Big bad oorporate
Copper is king.
http://www.bloomberg.com/news/articl...-stabilization
PS: In London, BLT is a hair's breadth away from a 52 week high. Come to daddy.
And there she blows, it has just touched the 52 week high in London.
Down 33% over the last 5 years. Over 10 years? Down a cool 10%.
No I didn't but I'm guessing that even after taking that into account BHP has still been one of the worst blue chip investments you could have made over the last five years - and this is in a bull market, imagine the losses in a bear market ;)
I bought in at $16.74 but I just got lucky. I tried to buy in at $29 but hadn't done the CHESS paper work so wasn't able to that day. just one of those things.
Some commodity companies are not generating any cash flow at all.
BHP UK had good run in September. There were few commodity stocks globally they also had some run. It may be mainly due to current bull market. Some were very short lived as they were speculative driven. Post-Brexit UK gave some good returns. It became a winner in Europe. In other words it outperformed other European markets.
Different indexes in UK one month return: 2.63% to 3.97%
One year return: 10-12%
Many commodity oriented companies will have to wait for some time to generate some cash flow. Strong ones can have demand provided they have value and long term prospects. Next year we can see further fall in commodity prices. Inventory levels are very high for some commodities. Chinese demand is also weak. Still there could be short term speculative driven rally for some commodity. I believe Fed should begin their next rate hike in 2017. Although I expected rate rise in December, I have a doubt about it now. I expect very weak market for gold in 2017. We should see very hot USD by 2018/19.
How has anyone holding BHP on capital account treated the South 32 demerger for tax purposes in their 2016 income tax return.
My understanding that it is to be treated as a dividend based on $2.41NZ a share.
The NZSA was protesting this with IRD but I haven't heard anything further.
http://www.scoop.co.nz/stories/BU150...shares-tax.htm
No one has returned the income on their South32 shares??
No one owned BHP shares at that time??
No one gives a f**k??
Same for me - sold out prior to the demerger to conserve capital. Didn't look back (so far).
Re IRD treatment ... I understand that the NZSA is still on the issue - and that there is agreement from government side that it is unfair to treat demergers as income and to change the tax rules accordingly. Don't know, though whether the issue passed already all necessary political and bureaucratic hurdles - and neither whether any change would be retrospectively applied to the BHP demerger.
If you are effected (I am not ...) why don't you check with IRD (and potentially NZSA) and report back?
Thanks Macduffy, I should have read the posts back around that time.
You might have done OK buying back in around $1 in January. South32 that is.
I can't find anything that says the rule changed so I would assume it is taxable income.
I was a member of the NZSA a couple of years ago but found they were doing important advocacy work on behalf of small shareholders and I wasn't really reading it(too educational). I prefer shorter sentences like, "It is all blue skies from here man" or " Toot toot all aboard" or "This one's going to the moon baby". I should really renew my membership because they are the only ones who will rock the boat in the corporate world. I always wondered why CEO's salaries were so crazy high but I assume fund managers and institutional investors get paid pretty good as well and directors are on a pretty good gravy train so no-one wants to rock the boat on ridiculously high remuneration.
In regard to contacting IRD, getting hold of someone who would actually know the answer would probably be a challenge.
8% increase today so far. Trump is going to be great for BHP.
Anybody else here following BHP at the moment. Can't believe the increase over the last few months
Omg OZL is up 100% over the last year I see. Nice work.
I think I'll sell BHP if it ever gets over $30.
Hi Bob. I have been with BHP and S32 for a few years now. That was a lot of pain but they have recovering well. I was with S32 right from the split and finally back in green. I like S32.
I can't say the same for BHP. However, Intelligent Investor in OZ have sold some of S32 and bought some BHP just recently.
Yep, hard to resist riding the current uptrend ...
Obviously - this is a case of "join the party but dance close to the entry" scenario ... if the (politically influenced) resource prices drop, than so will BHP's share price. However - there still might be some mileage left in the current bull.
The big day has arrived, half year results at 4.15pm Melbourne time.
Last year we were miserable, remember? This year it's happy, days (I hope:)
Wow, big interim dividend, 40 cents USD. Was 16 cents last year.
BHP is a long term hold for me. I'm guessing that one day electric cars are going to be huge (EVs use three times the amount of copper than a petrol car) and I believe that coal fired power stations will still be charging many of these cars 20 years from now. Coal's death has been greatly exaggerated. The day to day movement of the share price therefore is not something that greatly concerns me.
Still, I can't believe the price has dropped over 3% since the announcement of the monster dividend. This is why I could never be a trader. I'd call it wrong every time.
$10.8 billion, looks like another big div/ return for investors
Sale of Onshore US Assets 4 pages 87.1KB
Even in these dark days, BHP just keeps on delivering. Sometimes it pays to just keep it simple and invest in a blue chip...
https://www.smh.com.au/business/comp...17-p50mnp.html
ASZ 2019 competition closing in few hours
I just sold the last of my BHP today. Special dividend appeared in my account this morning and there was a nice increase in the the share price today. I'll bank the proceeds and think about what next. No hurry.
I have a managed fund that has a chunk of BHP and hold a tiny amount of S32 and Rio directly. That's enough mining sector exposure for me.
@Bobdn what happened to keeping them to the bitter end :)?
Jokes aside I only have a small exposure to mining stocks.Still waiting for the China slowdown to hit the mining sector like everyone keeps telling me so I can pick up some bargains.
A good question! I don't have as much courage as I used to :)
BHP one of these bastards
Must be happy ScoMo won
https://thenewdaily.com.au/money/fin...change-policy/
BHP profit up 29%.
https://www.abc.net.au/news/2020-02-...ction=business
Disc. Not holding.
2015 underlying attributable half year profit $5.4B
2020 underlying attributable half year profit $5.2B
Effectively unchanged.
However In 2015 they split off S32, current mkt cap A$12.8 billion. Iron Ore and steel down up to 10% in one month, could go alot lower if supply chains continue to be disrupted.
seems like another pretty good result to me....
was thinking of selling as am up 25% and well commodities are cyclical but nah lets hold on and see.... this commodity boom seems to have real legs!
Disc. hold a parcel.
Very int,Woodside WPL taking over BHP oil and gas assets in a scrip based deal.
i saw that it was up 8% in the UK overnight (dual listing) but suddenly its down 6% in Australia so I am now considering that the market doesnt like the deal as the loss does not appear to have been transferred to WPL.
or maybe its just the dividend announcement?
Maybe it's thatBHP holders will end up with re half of WPL and are reducing their BHP holdings.
And BHP will delist from the UK if it goes thru.
wow how to destroy wealth - do a deal!
That post from 1/5/2015 may be applicable.
Although not relating to BHP, with NZ businesses and companies being bought up, relocating HQ to Australia, or moving their primary listing to Australia, it will be natural for them to consider the needs of their Australian based shareholders in preference rather than the effect of NZ legislation for any remaining NZ resident shareholders.
BHP share price down 25% from recent high
That’s a big drop
Iron ore prices? Or that oil/gas plan?
Don't know but believe it will if it comes to pass be a big boost to WPL
Iron Ore spot price at 7 month low, suprised its not getting slammed more to be honest.
Back under $40 a share after it got slammed again today.
No suprises with Iron Ore down again - 6% overnight. IO is now down from it's lofty $233 high in May to $106 today. Thats a $126 or 54% decrease.
yeh glad I sold half at 50
Australia very volatile to invest in aye NW! ?
Suspect the consolidation of the UK PLC listing is also having an effect....
BHP has 5.7% short interest on the ASX. Whereas peers who are more reliant on iron ore earnings have almost no shorts - RIO and FMG. So what’s possibly happened is hedge funds are shorting the ASX, buying UK PLC BHP at a discount and waiting for the PLC to be issued ASX shares to cover and make a small profit.
we never got close to 30 and now we are nearly back to 50. a $NZ2.23 per share payment coming out in a few days. and so we are nearly 10% divi on this broken hill proprietary !!
Isn't the allocation of 48% of WPL as the consideration for BHP's O&G being distributed as a franked (or taxable) dividend - if my thoughts are correct ?
Yes fully franked. If it stacks up I will sell BHP cum the allocation and buy more WPL..
I wonder what the end result of the following NZ Shareholders Association approach to
Inland Revenue on NZ Tax implications of these large mergers was ?
https://taxpolicy.ird.govt.nz/en/pub...bill/demergers
https://www.smh.com.au/business/comp...18-p5ambv.html
Potash, its kind of a big deal apparently.
So the sale of BHP's energy assets to Woodside have been approved with BHP holders getting 1 woodside for every 5.5340 BHP shares in the form of an in specie divi, fully franked. But us Kiwi investors cant make use of the franking component and will get less Woodside shares.Can anyone confirm this, thanks.
Found this at Craigs .
:BHP shareholders will receive 0.1807 shares of WPL for each BHP share. At WPL’s current price of A$31.19, BHP’s shareholders will receive A$5.64 of value per BHP share (excluding franking credits which NZ investors can’t use), which equates to BHP paying out around 11.7% of its value.For non-natural investors (such as trusts) in New Zealand, we expect the in-specie distribution to be considered a taxable dividend. Our calculations suggest the tax burden could represent 5.8% of current value of BHP. For individuals, we expect the distribution will not be deemed a taxable event.
SP getting kicked upwards ahead of trading Ex the Woodside Distribution on 25 May on ASX
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
BHP was trucking along quite nicely until today with a bit of a dip .. never mind - liked the smell of WDS better.
I may be wrong, but dont see a local NZ taxable aspect to this deal unless I've missed something.
Still got the prescribed number of Woodsie shares - has anyone sighted anything that looks like
a dividend notice for Kiwi holders yet ?
Pretty inequitable getting slugged on being given back a slice of what you already owned surely ? ;)
Looks like a massive breakout to me.
I read the quarterly report. Its ok, some reasonably good stuff, some not so good.
But that triple top breakout looks awesome.
Attachment 14432
https://www.youtube.com/watch?v=SrEu7JPChTA&t=2s
Good video. Covers BHP and other copper plays