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  1. #31
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    Default

    Amusing to see the price drop today after the rumour was exaggerated. Still - it hasn't dropped all it's gains. Still a great stock.

    I don't buy on rumour, because I'm always the last to hear. Rumours are so rampant in resource stocks, esp exploration companies - all those geologists and miners out there love a bit of spec investment!

  2. #32
    Member Viking's Avatar
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    Red face

    Quote Originally Posted by mark100 View Post
    Its quite interesting if we look at BHP's 42 year capital growth. If we say 100 shares in 1965 amounts to 400 shares today and the price in 1965 was $25, thats annual growth of 4.8%.
    Note dividends not included. If we consider the high inflation we've had at times over those 42 years it appers BHP's share price has not matched inflation over that time.

    Goes to show what a tough time resource stocks had before this boom
    Doesn't look like the stock to pick if we have a time-machine.>>|)
    Make everything as simple as possible, but not simpler.
    --- Albert Einstein

  3. #33
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    This is what I posted when BHP was about $25 ..... the gist of a review as to what could happen to BHP share price .... suggested $60 possible .... I still believe that


    ..... small end of resource sector is performing so strongly it is making BHP and RIO (the market leaders) look ridiculously cheap ... not just this making BHP and RIO cheap but compared to 15 times earnings for a Aussie bank, 20 times for a contractor, 30 times for a healthcare .... even Telstra is 15 times .... BUT BHP IS LESS THAN 10 TIMES EARNINGS .... none of these have the attributes like earnings growth, net assets, free cashflow growth, barriers to entry etc etc etc .... one day soon the brokers and analysts will give up their woeful attempts to forecast commodity prices and start basing their valuations on long term future curves .... resulting in broker's upgrades of 40% plus ... we are on the brink of a 'seminal change' in how analysts value resource stocks .... and that one day investors will have decided to commit to major resource stocks ... they will be become acceptable for growth and value investors and fundies will need to be at leat at index if not greater .... based on true fundamentals and not rated as a resource company

    Just like the rerating of News in 1999/2000 ..... a large mkt cap company and big component of the index that traded around $20 (pre split) for years and low multiplies compared to junior tech/media stocks and then in 2000 'investors capitulated on their bearish views and News rallied from $20 to $56 in SIX months ..... it was a monumental event and many funds were under exposed and many mangers lost their jobs

  4. #34
    Member Year of the Tiger's Avatar
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    Question Colonial Capital Corporation (CCC)

    I received an interesting letter in the mail today from Colonial Capital Corporation Limited (CCC). It had an Acceptance Form in it with an offer to buy my shares in BHP Billiton Limited (BHP) for NZ$72.00 each, payable in 18 annual instalments of $4.00.

    They obviously have access to the share register as they had my address correct as well as the exact number of shares I hold.

    I'm assuming this crowd are trying to con the less informed Mums and Dads out of their shares.

    Anyone else had a letter?

    YOTT
    \"Better to remain silent and thought a fool than to speak out and remove all doubt\"

  5. #35
    An Awesome Cool Cat winner69's Avatar
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    YOTT - just like a home equity release thingie eh

  6. #36
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    Default Theres a thread about these guys un the NZX forum

    Have posted your entry into it YOTT

  7. #37
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    Exclamation Warning!

    Colonial Capital Corporation is apparently one of David Tweed's companies.

    Plenty of news out there....here's a sample.

    http://www.theaustralian.news.com.au...-20501,00.html

    My opinion...tear the letter up!
    Last edited by Huang Chung; 14-11-2007 at 09:28 PM.

  8. #38
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    Yeah I got one as well.
    Only targeting NZ holders
    18 annual installments!, will they be around in 18 years or will they quietly "forget" to send the payments after a year or two.

    Stranger though I have not owned any BHP for about 6 months or so.

  9. #39
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    Default Leeches

    See my posting on the NZX forum, as well.

  10. #40
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    Default NZ Herald this morning

    Market predator eyes BHP investors

    5:00AM Thursday November 15, 2007
    By Helen Twose

    For the second time this month, Australian sharemarket predator David Tweed is targeting New Zealand investors.
    Letters to BHP Billiton shareholders from Tweed's New Zealand registered company Colonial Capital Corporation offer to pay $72 a share - more than $20 above the current market value. However, full payment for the shares would be spread out over 18 years at a rate of $4 a year.
    Accepting the offer also appears to give Colonial Capital the option to amend the payment terms.
    A spokesperson for BHP Billiton pointed the Business Herald to a response from the company's chairman, Don Argus, to a similar offer by Tweed, targeting Australians last year. Argus then advised shareholders to carefully check the terms and conditions of the offer, the current market value of the shares and to seek the advice of a broker or financial adviser.
    "It concerns me that shareholders may unknowingly accept an offer for their BHP Billiton shares that substantially undervalues their shareholding, so if you do receive such an offer, please check it carefully," said Argus.

    Last week the Business Herald reported on a similar offer made to shareholders of AXA Asia Pacific.
    Colonial Capital Corporation would purchase their shares for $12 per share, around $3 more than the current market price for the shares, with annual instalments of 80c a share spread over 15 years.
    \"Better to remain silent and thought a fool than to speak out and remove all doubt\"

  11. #41
    Member Viking's Avatar
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    Default

    I got one of this letter too, but seems their records about the equity holding are not current. Since my holding has been increased just in the last couple of weeks~ and Jay's has own it for over 6 months~ anyway~

    Quite an outrageous offer, 18 years?~ at a growth rate of only 10%, 18 years would make it at least 600%~ let alone BHP growth rate is average higher~

    Why would someone this kind of offer in the share market I wonder
    Make everything as simple as possible, but not simpler.
    --- Albert Einstein

  12. #42
    Member tobo's Avatar
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    Default

    Am I seeing BHP breaking down through 12 month support trend line? (Log scaled chart).

    A bargain? or not the right time to get in?

    - Tobo. Not (yet) holding

  13. #43
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    Default

    Quote Originally Posted by tobo View Post
    Am I seeing BHP breaking down through 12 month support trend line? (Log scaled chart).

    A bargain? or not the right time to get in?

    - Tobo. Not (yet) holding
    I think it's time to be a little bit patient. Firstly, the trend of which you speak only has two touches (so it is 'unconfirmed'). Secondly, you'll note that immediately preceding the current trend, there was a previous trend that was broken before it started hunting up again.
    In red, I've also marked in two 'falling wedges'. I think now would be a good time for patience, and wait for the price to break above the upper line of the wedge. Still pretty well off a 220 day EMA, which seems to fit the best, although again, not through the uncertainty so much....


  14. #44
    Member tobo's Avatar
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    thanks limegreen, I'll keep an eye on that wedge too.

    - Tobo. (holding mostly juniors, and ZFX whatever that is now )

  15. #45
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    BHP astroanalysis ... 30012008:



    Hi folks,

    Looking ahead, with the RIO takeover announcement imminent,
    our astroanalysis has us expecting some very positive BHP time
    cycles, over the next couple of months:

    06-07022008 ..... 3 minor cycles should bring some positive news,
    probably finance-related ...

    08-25022008 ..... underlying positive sentiment for BHP

    03-04032008 ..... 2 minor cycles and more news expected here

    07-17032008 ..... BHP should be VERY STRONG here ...

    26-27032008 ..... 2 cycles and more positive news expected

    07042008 ..... 2 cycles and negative spotlight on BHP

    15-16042008 ..... a difficult cycle

    18-21042008 ..... significant and negative cycle here

    25-28042008 ..... significant and positive news expected.

    07-08052008 ..... positive spotlight on BHP

    14-16052008 ..... 2 positive cycles expected


    have a great weekend

    paul



    =====
    Disclaimer: yogi makes no claim to be a licenced investment advisor.

    Always consult your licenced advisor or other financial professional expert.

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