BHP Billiton
BLT: 1,398.00 7.75 (▲0.57%)
| Bid Price | 1,506.00 | High Price | 1,419.50 |
|---|---|---|---|
| Ask Price | 1,219.50 | Low Price | 1,379.50 |
| Open Price | 1,379.50 | Spread | -21.02% |
| Prev Close | 1,355.00 | Volume | 11,791,651.00 |
BHP Billiton Share Price Chart
Intraday
Historic – 1 year
BHP Billiton Share Price Information
| Name | BHP Billiton | Epic | BLT |
|---|---|---|---|
| Sector | Mining | ISIN | GB0000566504 |
| Activites | BHP Billiton is a global leader in the resources industry. Formed from a merger between BHP and Billiton, it brings together an exceptional mix of quality, low-cost resource assets, complemented by a strong management team determined to operate its assets in an efficient manner. Reflecting its aim to be a premier global company, it occupies significant positions in major commodity businesses, including aluminium, energy coal and metallurgical coal, copper, manganese, iron ore, uranium, nickel, silver and titanium minerals, and has substantial interests in oil, gas, liquefied natural gas and diamonds. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 1,362.75 | Net Gearing (%) | 40.83 |
|---|---|---|---|
| Market Cap (£m) | 28,988.19 | Gross Gearing (%) | 49.50 |
| Shares in issue (m) | 2,112.07 | Debt Ratio | 43.66 |
| P/E Ratio | -11.44 | Debt-to-Equity Ratio | 0.79 |
| Divs per share (p) | 30.00 | Assets / Equity Ratio | 1.98 |
| Dividend Yield (%) | 1.40 | Price to book value | 0.48 |
| Dividend Cover | 2.54 | SROCE (%) | -6.81 |
| Earning per share (p) | -120.00 | EPS Growth (%) | -434.26 |
| 52-week high / low (p) | 1,418.00 / 571.60 | DPS Growth (%) | -75.81 |
BHP Billiton Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 06 Dec | JP Morgan Cazenove | Underweight | 1,398.00 | 1110.00 | 1110.00 | Retains |
| 05 Dec | Macquarie | Outperform | 1,398.00 | 1530.00 | 1530.00 | Retains |
| 01 Dec | Exane BNP Paribas | Neutral | 1,398.00 | 1268.00 | Reiterates | |
| 17 Nov | Macquarie | Outperform | 1,398.00 | 1530.00 | 1530.00 | Retains |
| 16 Nov | JP Morgan Cazenove | Underweight | 1,398.00 | 1110.00 | 1110.00 | Retains |
BHP Billiton Director Deals
| Date | Director | Type | Volume / Price | Trade Value |
|---|---|---|---|---|
| 08 Sep 2016 | Anita Frew | Buy | 6000 @ 997.00p | £59,820.00 |
| 05 Sep 2016 | Andrew Mackenzie | Transfer In | 38625 @ 0.00p | £0.00 |
BHP Billiton Company News
BHP wins bid
BHP Billiton submitted the winning bid to acquire a 60% participating interest in and operatorship of blocks AE-0092 and AE-0093 containing the Trion discovery located offshore Mexico.
PEMEX Exploration & Production Mexico will retain a 40% interest in the blocks.
Pemex estimates the gross recoverable resource to be 485 MMboe. Subject to satisfaction of conditions (including the obtaining of government approvals), it is anticipated that the relevant agreements would be finalised and signed within 90 days.
BHP Billiton’s bid for Trion includes an upfront cash payment of US$62.4 million and a commitment to a minimum work programme (estimated to be up to a maximum of US$320m).
If BHP Billiton and Pemex agree to progress the project beyond the minimum work programme, BHP Billiton would be required to invest the remainder of the US$570m minimum work contribution (which includes the minimum work programme spend) and a US$624m cash contribution (which comprises the upfront cash payment of US$62.4m already paid and the balance of US$561.6 million as a future carry for Pemex).
BHP Billiton’s bid also includes a commitment to an additional royalty of 4%.
BHP Billiton president operations petroleum, Steve Pastor, said “We see attractive potential in Trion and the Perdido trend, and we are pleased to have the opportunity to further appraise and potentially develop this prospective frontier area of the deepwater Gulf of Mexico.
“This opportunity aligns with our strategy of owning and operating Tier-1 assets and provides an opportunity for BHP Billiton to leverage its industry leading deep-water drilling, development and operational expertise to create value in Mexico.”
Story provided by StockMarketWire.com
Broker Forecast – Exane BNP Paribas issues a broker note on BHP Billiton PLC
Exane BNP Paribas today reaffirms its neutral investment rating on BHP Billiton PLC (LON:BLT) and set its price target at 1268p.
Story provided by StockMarketWire.com
National Grid energises FTSE
The FTSE 100 nudged higher to 6,839, supported by a 1.5% rise at National Grid (NG.).
The second estimate of third quarter GDP revealed the UK economy grew by 0.5%, which was supported by export growth and stronger consumer spending according to the Office for National Statistics.
West Texas Intermediate (WTI) and Brent crude oil both slumped 3% to $46.51 and $47.50 per barrel, respectively.
Gold fell 0.2% to $1,186 per ounce and copper rose 1.5% to $5,842 per tonne.
FTSE 100 RISERS AND FALLERS
Shares in BHP Billiton (BLT) retreated after reporting it is paying $181m (£145m) to fund remediation and compensation programmes following a mudslide at its Samarco operation in Brazil.
FTSE 250 RISERS AND FALLERS
Waste management firm Pennon (PNN) nudged higher on flat top-line growth and a 6% increase in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) in the six months to 30 September.
SMALL CAP RISERS AND FALLERS
TVH Group acquired around 9% of powered access machines supplier Lavendon (LVD) in a bid to promote its takeover offer for the firm. The market approved, causing the share price to rise 5% to 205p.
Avocet Mining (AVM) announced a temporary agreement regarding the gold seizure at its Inata gold mine as the gold will be released and workers returned to the site. The market was pleased that production will recommence over the next few days, triggering an 2% rally.
Investors were unhappy with Ensor’s (ENR) decision to seek shareholder approval to delist from AIM. The company reported that regulatory requirements acted as an ‘unwarranted impediment’ to the subsequent winding-up of the firm and its listing.
Shares in Constellation Healthcare (CHT) rallied 22% to 227.3p after a 270p a share takeover. The billing services provider to US physicians recommended the 270p a share offer to shareholders, but can look for other potential buyers until the deal is approved.
African airline Fastjet (FJET) failed to take off as it signalled the need for more capital from shareholders.It incurred higher-than-expected costs on a business turnaround plan which will mean shareholders are likely to need to provide more capital after a previous cash call four months ago.
Investors dug Regency Mines (RGM) after it announced a heads of terms agreement to acquire a significant shareholding in Carbon Minerals, which entered an agreement to acquire the Rosa metallurgical coal mine.
Software development firm Triad (TRD) soared 32.7% as its profit after tax more than tripled from £22m to £69m; supported by a stronger order book.
Half-year results at auto retailer Caffyns (CFYN) sent the stock lower as chief executive Simon Caffyn said new car sales are likely to be weaker moving into 2017 after unusually strong trading around the September new registration plate date.
Ithaca Energy (IAE) suffered a 9.4% share price fall following the identification of faults on several electrical junction boxes on the Stella field commissioning programme’s processing facilities.
Story provided by StockMarketWire.com
Mining Roundup
Avocet Mining (LON:AVM) says a temporary agreement has been reached in connection with the gold seizure at the group’s Inata gold mine in Burkina Faso.
The group says that as a result, the gold under seizure will be released, workers have returned to site and gold sales and production will recommence over the coming days.
Under the terms of this agreement, Societe des Mines de Belahouro – the group subsidiary which owns the Inata gold mine – will work with the ex-workers to agree a final settlement over the next 30 days. If a settlement is not reached within the next 30 days, there remains a risk that production and gold sales will need to be suspended again if there was any risk of further gold seizures.
The company intends that, with the resumption of gold sales, payment of management fees by SMB to the company will also recommence, without which the company would need to obtain third party funding in order to meet its head office and corporate costs falling due in December.
If no funding were obtained either from Inata or a third party, as announced previously, it is likely that the Company will enter an insolvency process, in which circumstance it is highly unlikely that any value will remain for shareholders.
* * *
Regency Mines (LON:RGM) has signed a Heads of Terms to acquire a significant shareholding in Carbon Minerals Corporation, which has itself entered into an agreement to acquire the Rosa metallurgical coal mine in Alabama.
HIGHLIGHTS:
– Regency has signed a conditional binding Heads of Terms to acquire a 20% shareholding in CMC, a special purpose company formed to hold the Rosa Mine which is being acquired for an aggregate consideration of US$1.65 million payable $25,000 monthly plus a royalty per ton produced;
– Regency to pay an initial refundable cash deposit of £50,000 with a further £200,000 due after due diligence and completion of a shareholders’ agreement, expected to be on or before 23 December 2016;
– The Rosa Mine received in 2010 a NI 43-101 report prepared by McGehee Engineering Corporation stating that Phase 1 of the Rosa Mine project contained Proven Reserves of 453,000 tons of coal at an average 14,070 BTU/lb with 5.14% average moisture content and 4.45% average ash content;
– Assumptions to be tested as part of the due diligence include that CMC will start coal production at Rosa Mine within three months and will before then utilise the preparation plant on site to wash coal on behalf of third parties.
* * *
Central Rand Gold (LON:CRND) has given an update on shareholder loans which are being used to meet the company’s near-term funding requirements while it continues to pursue a strategic investment with an existing shareholder of up to US$4,000,000.
The update says: “The board of directors of Central Rand Gold is pleased to announce that as a prepayment to the strategic investment, on 1 August 2016 Central Rand Gold received an unsecured loan of US$500,000 from Mr Jiabang Wang, an existing shareholder in the company. The Wang loan, which carries a zero interest coupon and has an indefinite term, is currently partially drawn as from 4 August 2016.
“In addition, on 1 August 2016, the company received a further unsecured loan of US$98,000 from Mrs Jiang Hong Zhu, an existing shareholder in the Company. The Zhu Loan, which carries a zero interest coupon and has an indefinite term, is also currently partially drawn.
“The Wang Loan and the Zhu Loan are being used to meet Central Rand Gold’s near-term funding requirements and to provide additional working capital to the company. The company will update shareholders upon finalisation of the strategic investment, which remains subject to amendment and binding documentation. It is currently anticipated that the Wang loan will be incorporated into the strategic investment. However, no assurances can be given with respect to the finalisation of the strategic investment at this stage.”
* * *
A video link to the presentation given by Beowulf Mining (LON:BEM) chief executive Kurt Budge at the Avanza Bank’s Borsdag yesterday and an updated corporate presentation is now available on the company’s website: www.beowulfmining.com.
* * *
BHP Billiton (LON:BLT) has approved further financial support for Samarco.
The amount of US$181 million has been approved to fund the remediation and compensation programs identified under the framework agreement which the Renova Foundation governs and oversees.
This amount will be offset against the group’s provision of US$1.2 billion, recognised as at 30 June 2016.
In addition, a short-term facility of up to US$115 million will be made available to Samarco to carry out remediation and stabilisation work and to support Samarco’s operations.
Funds will be released to Samarco only as required and subject to the achievement of key milestones. The short-term facility allows BHP Billiton Brasil to preserve the value of its investment as options for restart continue to be assessed.
A statement says: “A restart of Samarco operations is important for Samarco, BHP Billiton Brasil, Vale, the local communities and for the Brazilian economy. Restart will occur only if it is safe and economic to do so and the necessary approvals have been obtained from Brazilian authorities. BHP Billiton Brasil continues to work through options for restart with Vale and Samarco.”
* * *
Pan African (LON:PAF) has confirmed that all resolutions proposed at its annual general meeting today were passed.
* * *
Coal of Africa Limited (LON:CZA) has confirmed that all resolutions put to the annual general meeting early today were passed unanimously by a show of hands.
At 4:05pm:
(LON:AVM) Avocet Mining PLC share price was +9.26p at 59.88p
(LON:BEM) Beowulf Mining PLC share price was 0p at 5p
(LON:BKY) Berkeley Energia Ltd share price was -0.5p at 44.25p
(LON:BLT) BHP Billiton PLC share price was -6.75p at 1354.25p
(LON:CEY) Centamin PLC share price was -2.35p at 128.55p
(LON:CHL) Churchill Mining PLC share price was -0.88p at 34.5p
(LON:CRND) Central Rand Gold Ltd share price was +0.04p at 1.22p
(LON:CZA) Coal of Africa Ltd share price was -0.23p at 3.48p
(LON:FDI) Firestone Diamonds PLC share price was -1.63p at 49.75p
(LON:FRES) Fresnillo PLC share price was -9.5p at 1234.5p
(LON:GEMD) Gem Diamonds Ltd share price was -2.87p at 108.38p
(LON:HOC) Hochschild Mining PLC share price was +0.2p at 209.4p
(LON:KMR) Kenmare Resources PLC share price was +0.5p at 245p
(LON:RGM) Regency Mines PLC share price was +0.05p at 0.53p
(LON:VED) Vedanta Resources PLC share price was +2.5p at 874p
Story provided by StockMarketWire.com
FTSE 250 down despite UK growth
The FTSE 250 fell 0.2% to 17,559 despite the second estimate of third quarter GDP showing the UK economy growing by 0.5%, while the blue chip index was flat.
The Office for National Statistics said growth was supported by export growth and stronger consumer spending.
FTSE 100 RISERS AND FALLERS
BHP Billiton (BLT) reported it is paying $181m (£145m) to fund remediation and compensation programmes following a mud slide at its Samarco operation in Brazil.
FTSE 250 RISERS AND FALLERS
Waste management firm Pennon (PNN) nudged higher on flat top-line growth and a 6% increase in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) in the six months to 30 September.
SMALL CAP RISERS AND FALLERS
Shares in Constellation Healthcare (CHT) rallied 22.3% to 227.5p after a 270p a share takeover. The billing services provider to US physicians recommended the 270p a share offer to shareholders, but can look for other potential buyers until the deal is approved.
African airline Fastjet (FJET) failed to take off as it signalled the need for more capital from shareholders.It incurred higher-than-expected costs on a business turnaround plan which will mean shareholders are likely to need to provide more capital after a previous cash call four months ago.
Investors dug Regency Mines (RGM) after it announced a heads of terms agreement to acquire a significant shareholding in Carbon Minerals, which entered an agreement to acquire the Rosa metallurgical coal mine. Shares in Regency jumped by over 20%.
Software development firm Triad (TRD) gained 20% as its profit after tax more than tripled from £22m to £69m; due to a stronger order book. Equipment hire outfit VP (VP.) secured a bolt-on acquisition in New Zealand. The company said it is buying test and measurement specialist TechRentals for $2.6m New Zealand dollars (£1.5m).
Half-year results at auto retailer Caffyns (CFYN) sent the stock lower as chief executive Simon Caffyn said new car sales are likely to be weaker moving into 2017 after unusually strong trading around the September new registration plate date.
Engineering services provider Lamprell (LAM) won a new contract from ScottishPower Renewables for the fabrication of kit for the East Anglia One offshore wind farm.
Wellbeing personal monitoring tech firm CloudTag (CTAG) was in positive territory after entering an agreement with Griffin International Companies to act as its exclusive sales representative.
Ithaca Energy (IAE) suffered a 10% share price fall following the identification of faults on several electrical junction boxes on the Stella field commissioning programme’s processing facilities.
Story provided by StockMarketWire.com
