Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
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The last time BLT was just over 1000p was early 2008. Within 2 years (early 2010) it was 2500 p.
In the last six months BLT lost 34.4% of its market value. I remember in 2010 or thereabout SP came down to about 1000p...
a couple clues in this august clip.http://video.cnbc.com/gallery/?video=3000299673
I stick with our big 3,vale might be a giant,just behind our three,but they have been suffering ftom spiralling costs,they've just mothballed one of their big iron mines in brazil,the us qe programme created high inflation in certain countries,brazil being one of them,http://riotimesonline.com/brazil-news/rio-business/brazil-lowers-growth-increases-ipca-forecasts/#.......but like you say,theyre listed on the dow or s&p,so ime not sure what exchange rate they use to sell their commodities,dollars I guess,but as you can see by that link,they have an inflation problem,unlike us.lol. just looked at the 5 year,it looks worst than our big three.
Vale is the only other one I'd consider in terms of the iron miners (certainly as an investment anyway with any serious amount of money and for the longer term) but having to buy through an overseas exchange always puts me off and prefer to stick to UK listed companies.
BLT and RIO have always been a roller coaster ride due to commodity price fluctuation and China's growth. With both you need a long term outlook at same time looking at short term opportunities.
Only 5 months ago this was 50% higher than it is today.
CMC1 I guess most people would rather go to RIO than for a BLT. That apart, this looks more attractive to me over the next18-24 months. So perhaps that's why Rio is preferred by more people also!
5 year wise,going by the chart above,ide certainly go for billiton,has apposed to rio,but any of the other big iron ore miners,I wouldn't touch them,due to the well documented fact,that these two are strangling the opposition,price wise and saturating the market to keep prices low,a bit like Saudi and their untouchable low oil price.lol. china/copper?i saw that a year ago on bbc news24 about a year ago,it was on about Mongolia being the new Australia,with all the big miners opening big gold/copper,aluminium,other base metals mines,all on chinas doorstep. if you want a metal that is in undersupply and predicted to get even scarcer to find new supplies,then uranium,zinc,lead,tungsten,platinum,palladium, are the men,nickel,copper,aluminium to a lesser degree,they are quite common minerals in comparison. ved are just investing heavily in zinc/lead in eastern Africa,tanzania I think,or one of those countries near there,them two minerals are on the endangered list. kaz?maybe that's why they're re structuring the comp to a low cost,high grade mining operation,because they see china has a future competitor in the copper game,at the time,it seemed odd that they was offloading the lower grade opperations into a separate comp,(just my take on it)
Oil is normally more my thing, but i do follow the miners as well and did very well from the larger ones back in 2009/10, and i agree about their cyclical nature - finding the bottom can be difficult but often if you're looking longer term and get in at a half decent price then you should do well, as I'm sure you're well aware! To be honest I wasn't aware of the new China copper mine though, just know that Glencore is bullish about demand, even growth is shrinking there overall, and sees it as robust. My personal opinion is anyone buying any of the big miners with a 5 year view should do okay, especially ones like this that have seen their share price hammered this much. Just a case of picking the right ones - not sure about Kaz, tipped it as a buy at 174 and then a sell at 312 and want to see how things work out there with the selling of some of the mines etc to the CEO (pity I didn't follow my own advice there and wasn't in for all of that rise!).
i like both, have BLT shares
short term,looking at the 6month,this wins hands down,i guess the recent iron ore price plunge is to blame,but if you mean longer term,if I was an old fuddy duddy that just wanted the safest miner at rock bottom,ide choose rio,not just cos of its diversity,or its cheap production costs,but it seems to be the big miner of choice by pension funds and the like,but if I was a bit more risk averse(not saying this is risky,as it aint,it's just a victim of the sector in general),ide go for this one,seems as though it's the more oversold of the two,bigger upside you would think,but that's my take on it.. going back to the bear market?it is a bit worrying with the metal prices making new lows,is this a pre cursor to a bounce,or a sign that things are worsening,take the Baltic dry index for example,it's looking damn awfull,it cant be just low inflation and a strong dollar that's the problem?or is it. miners are my sector of choice,not just cos of their cyclical nature,but trying to gauge to bottom is working out to plan.lol. I don't if you know,but china has a huge nationalised copper mine in Mongolia,that supplies about 30% of its needs,in 2016,they will be opening a second mine,which is thought to make china self sufficient in copper,dont know how that will effect kaz,aa,glen and suchlike,but I would imagine oversupply comes to mind.
I like both, just fancied BLT more at current prices. Net assets for BLT had been rising quite rapidly as well, and its current liabilities reducing. Diversification into more copper will also be interesting for the company i think and could see them getting some bargain with copper at these lows if they are looking at acquisitions to boost that side of the business.
RIO has the lowest debt out of the big four,iron wise,it's the lowest cost producer. maybe that's why,seems as though debt seems to be the buzz word nowardays,safety wise.
both good companies. Most fund mangers hold both.
Not heard this, but BLT shares trading on LSE is at significant discount to BHP share trading on ASX ~10%. They rank equal. http://www.shareprophets.com/views/9819/gary-newman-s-share-tips-of-the-year-2015-no-2-bhp-billiton
p/e ratio 9 v 24 BLT More stable company and 5% dividend Anyone know why investers prefer RIO???
I picked up on talk of a restructure and possible take over bid as company is undervalued heavily. Has anyone else heard this??? Idle talk or is there substance in this.
interesting article from The Street http://www.thestreet.com/story/12987899/8/10-most-undervalued-dividend-stocks-to-invest-in-right-now.html
It will be interesting where BHP trades in Australia. In New York the BHP ADRs finished up 1.69 to close at USD48.39 on Friday 19/12 this is equivalent to AUD29.67 (2 BHP shares for 1 BHP ADR). BHP closed at AUD28.98 on Friday. BHP closed in London at AUD26.31 (£13.775). There seems two positives for BLT (i)price increase in other markets and (ii) price difference between BLT on LSE and BHP on ASX.
Agree with you Asbury Jukes. Sensible comments. Stock always a roller coaster due to commodity prices, however goes up over time.
Imo this represents great value at this price. 5+ year lows, 8.5%p/e, 5%+ dividend at this price, amazing record of profits, roce much better than competitors each year, lowest costs among its competition. Well run company which operates mainly in more stable countries than some competitors.
worth having both if they run. BLT will be knocked because of its oil production. both strong companies.
Obviously not singing from the same hymn sheet! Yet BLT is more versatile (?). Think maybe Rio is doing a bit of 'dirty business'?