BHP
Stock Code
Stock Exchange
BHP Billiton is a single combined company comprised of two legal entities: BHP Billiton Limited (as traded on the Australian Stock Exchange [ASX] as ticker code BHP) ad BHP Billiton Plc (as traded on the London Stock Exchange [LSE] as ticker code BLT). The company is an exporter of metallurgical coal for the steel industry; an exporter of energy coal; a producer of iron ore, copper, nickel, manganese ore, primary aluminums, and manganese and chrome ferroalloys. It also has substantial interests in oil, gas, liquefied natural gas (LNG), diamonds, silver, and titanium minerals.
BHP Billiton (BHP), a leading producer of manganese ore has decided to cutback manganese production at the Samancor operations in South Africa and Australia where it owns more than 60% of share. The global market condition and reduction in the demand of steel is said to be the cause of this production cut.
What can be termed as one of the biggest achievements, Rio Tinto has bagged a record 86 percent hike in iron ore contract prices. The hike includes freight premium with China's biggest steel maker, Boasteel. Shipping iron ore from China is cheaper than from Brazil. This has led to higher iron ore contract price between Rio Tinto and BHP Billiton against Rio de Janeiro based Vale.
Australian Resources Weekly provided by Australian market analyst UBS.
Impact of Apache explosion
Apache gas pipeline explosion event:
Australian Resources Sector Preview provided by Australian market analyst UBS.
Resources Sector – Nickel looking more stainless!
Australian Resources Weekly provided by Australian market analyst UBS.
What are consensus estimates telling us?
Consensus estimates versus spot prices:
Bloomberg data suggests spot is lower than consensus estimates for lead (-25%), nickel (-23%) and zinc (-19%) and higher than consensus estimates for copper (5%) and oil (28%). The implication is that there could be downside risk to zinc, lead and nickel, if prices do not rise from current levels and hence a negative impact on the stocks exposed to these commodities.
Worley Parsons (WOR) has a 12-month price target of $39.42 from stockmarket analyst Macquarie Research Equities.
Worley Parsons (WOR) – Opportunities a Plenty
AED Oil was the overall worst performing stock taking in a 21.14 percent decrease. The technical price chart above is for AED and shows a 10, 100 MA on a candlestick chart, each candle representing 3 trading days. It was a mixture of mining and metal exploration, aviation and resources companies who were among the worst performing stocks for the week 22 of 2008 on the Australian sharemarket: Lihir Gold (LHG), Macquarie Airports (MAP), BHP Billiton (BHP), AED Oil (AED), Minara Resources (MRE), St. Barbara (SBM).
Here is an update on China’s Industrialisation from market analyst Macquarie Research Equities.
China’s Industrialisation: Resources Strong - Go Long!
26 May 2008
China’s Industrialisation: Resources Strong - Go Long!
BHP Billiton (BHP) acquired its outstanding stake in Anglo Potash from Australian stock analyst Macquarie Research Equities.
Australian Resources Weekly
Potash market overview
BHP acquires its outstanding stake in Anglo Potash:
Free Email Subscription to Share Trading
Must Read Articles
- Successfully Trading CFDs Online Tutorial
- What's the Difference Between a Stockmarket, Sharemarket and Bourse?
- What is a Friendly Takeover?
- What is a Reverse Takeover?
- What is a Takeover?
- What is a Hostile Takeover?
- Learning about CFDs
- Investing in Shares Basics
- Share Trading Basics
- Profiting from Oil Price Volatility
- London Metals Exchange (LME)
- Comparing Futures Brokers
- Picking Market Direction Using Futures
- Exchange Traded Funds (ETFs) Comparison
- Basic Fundamental Analysis in Forex
- List of Trading Books
- Interesting Thoughts about the Australian Dollar
- What's the Meaning of Hawkish?
- Do You Know How To Use the P/E Ratio
- Trading, Religion and Politics - Do They Have Anything in Common?
- Shares that are Volatile that Double and Half in the Short Term
- Telstra (TLS) T3
- Margin Call by E-mail
- The Cost of Holding a Position
- Lack of Disclosure: Compensation from ASX Listed Company
- Unrealistic Returns and Benchmarks
- CMC Markets Down
- Quality versus Quantity Forex Trading
- Trading Risk and Leverage Case Study
- Examples of Greed
- Rio Tinto and Peabody Plans to Reduce Coal Production
Date added 08-01-2009 - Refinancing Boosts PanAust Shares
Date added 05-01-2009 - Capital Raising Announcements Increase
Date added 11-12-2008 - Manganese Production Cut Announced by BHP
Date added 04-12-2008 - Babcock & Brown Power (BBP): Best Performing Stocks for the Week 27 of 2008
Date added 05-07-2008 - ABC Learning (ABS): Worst Stock Performers for Week 27 of 2008
Date added 05-07-2008 - ABC Learning: The Best Performing Stock for the Week 26 of 2008
Date added 30-06-2008 - Felix Resources: The Worst Stock Performer for Week 26 of 2008
Date added 30-06-2008 - Market Reacts Strongly to Futuris Announcement
Date added 26-06-2008 - Best Performing Stocks for the Week 25 of 2008
Date added 23-06-2008 - Worst Stock Performers for Week 25 of 2008
Date added 23-06-2008 - Babcock & Brown Share Prices Record Gain
Date added 17-06-2008 - Worst Performing Stocks for Week 24 of 2008
Date added 14-06-2008 - Best Performing Stocks for the Week 24 of 2008
Date added 14-06-2008 - Gloomy Outlook for the Next Quarter
Date added 10-06-2008
Top 50 Public Companies Listed on the Australian Stockmarket as at 18/07/2008
- BHP Billiton
- Commonwealth Bank of Australia (CBA)
- Rio Tinto
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation or NewsCorp (NWS)
- Westpac Banking Corporation (WBC)
- Woodside Petroleum Limited (WPL)
- ANZ
- Woolworths Limited (WOW)
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- Fortescue Metals (FMG)
- CSL
- QBE Insurance
- St. George Bank Limited (SGB
- Newcrest Mining Limited (NCM
- Origin Energy Limited (ORG)
- Maquarie Group (MQG)
- AMP Limited (AMP)
- Leighton Holdings (LEI)
- Suncorp-Metway Limited (SUN)
- Brambles Limited (BXB)
- Santos Limited (STO)
- Coal & Allied (CNA)
- Incitec Pivot (IPL)
- Foster’s Group Limited (FGL)
- Orica Limited (ORI)
- BlueScope (BSL)
- AXA Asia Pacific Holdings Limited (AXA)
- Woodside Petroleum Limited (WPL)
- Insurance Australia Group Limited (IAG)
- Stockland (SGP)
- Lihir Gold Limited (LGL)
- Qantas Airways Limited (QAN)
- Oxiana Limited (OXR)
- Sims Group Limited (SGM)
- AGL Energy Limited (AGK)
- OneSteel Limited (OST)
- Transurban Group (TCL)
- Oil Search Limited (OSH)
- Coca-Cola Amatil Limited (CCL)
- Crown (CWN)
- Alumina (AWC)
- ASX (Australian Securities Exchange)
- Macquarie Infrastructure Group (MIG)
- Telecom Corporation of New Zealand (TEL)
- Computershare Limited (CPU)
- Aneka Tambang (Persero) TBK (ATM)
- Tabcorp Holdings (TAH)