Yep - I bought some in January when the Sp plunged to $24.50 - didn't buy enough though! However am enjoying the ride right now. Let's hope it rolls on.
"Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small jumps." David Lloyd George
whatsup you should probably check how many share splits and bonus issues BHP has done since the 60's. $25 in the 60's is not comparable against today's current price
Hi
another nice rise today ... something must be in the pipeline. Lets see what happens in the US tonite.
Voltage, a possible stock would be OSH - chance of a takeover at $5.30 ish
Mark100, AS follows.
1965 1/7 Issue
1969 1/14 Issue
1974 1/4 Bonus
1979 1/8 Issue
1979 1/9 Issue
2001 1/1 Purchase when merger with Billiton.
So if 100 purchased in 1965 now with bonuses plus issues now would have 388 shares
Shares of Australian miner BHP Billiton rose 5.2% to a record A$43.14 ($37.43) Monday on speculation that the company might be sitting on the world’s largest gold deposit at its Olympic Dam project in South Australia. Australian newspaper the Herald Sun published an article Monday saying BHP will reveal it has struck "potentially the largest gold resource in the world" when it releases a resources and reserves statement along with its annual report on Wednesday. BHP acquired the huge Olympic Dam mine -- primarily a copper and uranium producer -- two years ago when it bought WMC Resources for $9.2 billion. In August, incoming BHP CEO Marius Kloppers said Olympic Dam had a "significant" increase in its resource base, but declined to specify further. The mine, located 348 miles north of Adelaide, is the biggest underground mine in Australia. It has the largest uranium deposit in the world and the fourth-largest copper deposit. Gold prices, which have risen for six years in a row, touched a 27-year-high of $747 an ounce on Friday.
Last edited by Morebid; 25-09-2007 at 10:05 PM.
Reason: remove graph
"Always live within your income, even if you have to borrow money to do so" Josh Billings
Mark100, AS follows.
1965 1/7 Issue
1969 1/14 Issue
1974 1/4 Bonus
1979 1/8 Issue
1979 1/9 Issue
2001 1/1 Purchase when merger with Billiton.
So if 100 purchased in 1965 now with bonuses plus issues now would have 388 shares
in that case it means~ $2500 invested in 1960's would have worth around $16,600 now~
I like Morebid's report much better :P
Looks like the market may open high this morning~ it might just break through $45 in the first hour by the look of things.
Last edited by Viking; 26-09-2007 at 10:31 AM.
Make everything as simple as possible, but not simpler.
--- Albert Einstein
Mark100, AS follows.
1965 1/7 Issue
1969 1/14 Issue
1974 1/4 Bonus
1979 1/8 Issue
1979 1/9 Issue
2001 1/1 Purchase when merger with Billiton.
So if 100 purchased in 1965 now with bonuses plus issues now would have 388 shares
It might have been billiton rather than BHP, but bigcharts suggests the following as well
1989 11:10 Split
1995 11:10 Split
which would suggest that 100 would have turned into 469?
(This is obviously not a particularly reliable source... they also suggest 31:15 rather than an 1:1 at merger; which would get you to 485)
Interesting change in strategy in that they are now actively buying back shares...
Last edited by limegreen; 26-09-2007 at 10:50 AM.
Reason: note on buyback
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
Bookmarks