klare Kaufempfehlung: BHP Billiton kaufen - 500 Beiträge pro Seite

[Aussimax]

03.04.2003
BHP Billiton kaufen
Zürcher Kantonalbank

Die Analysten der Züricher Kantonalbank empfehlen die Aktie von BHP Billiton (ISIN GB0000566504/ WKN 908101) zu kaufen.

BHP Billiton, der größte diversifizierte Rohstoffkonzern der Welt, habe im Februar ein Halbjahresresultat (per 12/02) vorgelegt, das den Erwartungen entsprochen habe. Der Umsatz habe um 5% auf über 8 Mrd. USD gesteigert werden können. Der operative Gewinn sei um 2% auf 1,67 Mrd. USD gestiegen. Der ausgewiesene Reingewinn sei um 19,4% gesunken, was auf die ungünstigen Währungsrelationen zurückzuführen sei (Aufwertung AUD und südafrikanischer Rand).

Weitere 65 Mio. USD Kostensynergien aus der Fusion zwischen BHP und Billiton hätten realisiert werden können. Somit sei das Ziel, gesamt 270 Mio. USD einzusparen, bereits um 15 Mio. USD übertroffen worden. Zudem habe die Einführung eines "Six-Sigma"-Programms zusätzlich operative Kostensenkungen von 70 Mio. USD erbracht (bis 2005 500 Mio. USD). Im aktuell von vielen geopolitischen und konjunkturellen Unsicherheiten geprägten Umfeld würden sich die Vorteile von BHPs Diversifikation zeigen.

Während die Preislage bei den meisten Metallen schwierig sei, könne BHP von den gestiegenen Erdölpreisen profitieren. Zudem nütze dem Unternehmen die steigende Nachfrage Chinas nach Kohle, Eisenerz und Alumina. Überdies würden die eindrückliche Projektpipeline, der hohe Cashflow, die solide Bilanz und die attraktive Bewertung BHP zu einem "Rohstoff-Play" machen. Der Titel figuriere in den Portfolios Pazifik und International der Analysten.

Die Analysten der Züricher Kantonalbank empfehlen die BHP Billiton-Aktie zum Kauf.

[ozfreak]

BHP ist und bleibt ein Basisinvestment im Rohstoffbereich und wird vor allem in Krisenzeiten wie heute (Weltwirtschaft, Irak, SARS) zu den Outperformern gehören.
Rohstoffwerte werden noch ein Comeback erleben!


ozfreak

[Aktienfossil]

BHP ist auch aus meiner Sicht ein gutes Investment. Paar positive News würden den Kurs sicherlich beflügeln.


Aktienfossil

[Aktienfossil]

Washington (vwd) - Die BHP Billiton Ltd, Melbourne, will für 750 Mio USD verbriefte Schuldverschreibungen verkaufen. Dies geht aus einer Pflichtmitteilung des australischen Minenkonzerns an die US-Börsenaufsicht SEC vom Dienstag hervor. Der Erlös werde zur Rückzahlung bestehender Verbindlichkeiten und allgemeine Geschäftsziele eingesetzt.
vwd/DJ/9.4.2003/rio/sap



Aktienfossil

[Voicebox]

Ich denke mal dass noch ein wenig daueren wird bis BHP so richtig anspringt. Aber die Kaufempfehlung einer Schweizer Bank ist mit Sicherheit ein erstes positives Signal.

[Aktienfossil]

sehe ich genauso. Heute ein halbes Prozentchen im Plus, nicht gerade viel aber immerhin...


Aktienfossil

[TwinSpark]

richtig viel war ja mit BHP in den letzten Jahren nicht zu verdienen:



TS

[Aktienfossil]

UPDATE 2-BHP Billiton Q3 oil output slides
2003-04-22 23:43:52 EST

(Adds analyst comments)

MELBOURNE, April 23 (Reuters) - The world`s largest diversified miner, BHP Billiton Ltd/Plc, said on Wednesday third quarter oil and condensate production fell 22 percent over the same period a year ago as output from mature fields declined.

The sliding production, already flagged to the market, was a little weaker than some expectations, but analysts said it was mostly offset by a solid performance in other commodities.

"On the minerals side it was quite a pleasing quarterly, but the disappointment was slightly lower oil and gas production than we were anticipating," UBS Warburg analyst Glyn Lawcock said.

"I would not expect major changes to earnings as a result of this report."

Shares in BHP Billiton , which posts its third-quarter profit result on May 7, were down 1.1 percent to A$9.44 at 12:28 p.m. (0228 GMT) in a wider market up 1.19 percent.

Analysts said the share price was also coming under pressure from economic uncertainty, partly due to SARS, and the rising Australian dollar and South African rand currency that translates into increased costs for the company in U.S. dollar terms.

U.S. ECONOMIC DOUBTS

"I would say what is weighing on BHP`s share price is more the uncertainty of SARS, what is going to happen with Iraq and what is going to happen with the U.S. economy," Shaw Stockbroking analyst John Colnan said.

BHP Billiton`s crude oil and condensate output for the quarter ended March 31 fell to 15.3 million barrels due to natural field decline at its Australian Bass Strait, Laminaria and Griffin fields.

Higher downtime and natural field decline at Liverpool Bay in Britain and at Typhoon in the United States also contributed to the lower figure.

"BHP Billiton are going through a bit of a production dip, but they have a host of new projects coming through from next year," Colnan said.

Production is due to start from both the Gulf of Mexico Mad Dog field and the Greater Angostura Development in Trinidad at the end of calendar year 2004, while the Atlantis field in the Gulf of Mexico is targetted for third quarter 2006.

BHP Billiton reported on Wednesday that its copper output for the quarter increased 23 percent to 231,300 tonnes as output from the phase four expansion of the Escondida project in Chile was increasingly brought on line.

Aluminium output was up seven percent to 267,000 tonnes from the same year-ago period as output increased at Alumar and Valesul in Brazil and at Hillside in South Africa.

Third quarter metallurgical coal output of 8.6 million tonnes was down five percent from the year ago, while energy coal production of 19.7 million tonnes were was in line with the year ago period.

Nickel production for the quarter of 18,600 tonnes was four percent higher. ($1=A$1.61)

http://www.moneysense.ca/news/shownews.jsp?content=20030422_…

Aktienfossil

[Voicebox]

Ich schätze BHP momentan als klaren Kauf ein, denn bei ca. 8,5 $ dürfte eine schöne und stabile Unterstützung sein. Wenn man an den Langfristchart bei 8,5 ein Lineal anlegt, dann können selbst Laien in Sachen Charttechnik erkennen dass ein Sinken unter diese Marke eher unwahrscheinlich sein dürfte. Mit einer Ausnahme (Ausreißer) wurde diese Marke in den letzten 3 Jahren eigentlich nicht unterschritten.

[maischbert]

[TwinSpark]

@Voicebox: ich würde im Moment andere Aktien bevorzugen, ob die Deiner Meinung nach bestehende "Unterstützungslinie" hält ist mehr als ungewiss und BHP ist auch immer noch gut bewertet.


TS

[TwinSpark]

Artikel zu BHP:

BHP Billiton offers $3 million for Nunavut diamond play

David Finlayson
The Edmonton Journal


Tuesday, May 06, 2003
ADVERTISEMENT


EDMONTON - Shares of Shear Minerals Ltd. jumped 25 per cent Monday after global giant BHP Billiton made a move to acquire a piece of its Nunavut diamond play.

"It took us by surprise, but to have a major want to come in at the early stages is very positive. It certainly speaks to the technical merits of the play," said Shear president Pamela Strand.

BHP made a $3-million cash deal to buy the interests of Hunter Exploration, Shear`s partner in the Churchill property near Rankin Inlet.

The news pushed Shear stock up 11 cents to 55 cents on the Toronto Stock Exchange on a volume of 638,000 shares.

Airborne surveys have identified 29 high-ranking kimberlite targets, the mineral deposits where diamonds can be found, at the one-million-acre Churchill site. Test drilling began earlier this year.

Shear and the third Churchill partner, Northern Empire Minerals, still have the right to buy Hunter`s interests ahead of BHP. Strand said both companies are still weighing their options. "We have a lot of decisions to make."

Shear owns 51 per cent of Churchill, Northern Empire 35 per cent and Hunter 15 per cent. The BHP deal does not include Hunter`s royalty, so the most it can end up with is 14 per cent of the property.

Strand could not say why Hunter, a Vancouver-based private company, would sell its interest. The company was facing a decision on whether to continue to put money into the exploration program, budgeted at $2.5 million this year.

That will not be an issue for BHP, one of the world`s largest mining companies, which owns the Ekati diamond mine northeast of Yellowknife.

BHP also on Monday paid Hunter $7 million for its 20-per-cent share of the Aviat Properties, north of Churchill.

BHP Billiton Diamonds` Vancouver business development manager Steve Swatton said the company believes Aviat and Churchill are among the top propects to develop into another Canadian diamond mine.

"We are actively seeking new projects in Northern Canada and we think that these are some of the best ones available," Swatton said.

Hunter`s partners in the seven-million-acre diamond play are Northern Empire and Stornoway Ventures Ltd, both of Vancouver.

[e-mail]



TS

[Voicebox]

BHP out of Mt Woods
May 7
Chris Milne

BHP Billiton has decided to pull out of the Mt Woods joint venture in South Australia, giving partner Minotaur Resources an opportunity to buy back some additional equity and refocus on the Prominent Hill copper-gold discovery.

Minotaur`s managing director Derek Carter said yesterday the company was "certainly interested" in adding some of BHP`s 51 per cent stake to its existing 19 per cent, and was talking to other potential equity investors.

The joint venture, which also includes Newmont and Sons of Gwalia, has started a regional exploration program within 50 kilometres of Prominent Hill - largely on BHP`s insistence.

The resources major, which spent $4 million to earn its stake, had hopes for a discovery similar to WMC`s huge Olympic Dam deposit to the south-east.

However, Minotaur advised the stock exchange yesterday that BHP Billiton intended selling its stake in Mt Woods, subject to acceptable terms, once the present regional drilling program was completed next month.

Mr Carter said Minotaur wanted to step up exploration at Prominent Hill, to try to prove up an economic resource as soon as possible.

"We don`t have a resource yet but there`s no reason why we shouldn`t be able to develop one," he said.

[Voicebox]

BHP Billiton gibt keine Prognosen für laufendes Geschäftsjahr
Melbourne (vwd) - Die BHP Billiton plc, Melbourne, hat sich über die weitere Entwicklung des Geschäftjahres 2002/2003 zurückhaltend geäußert. Die Weltwirtschaft zeige nur geringe Anzeichen einer Erholung, erklärte das Unternehmen am Mittwoch. Solange diese Impulse fehlten, bleibe BHP bei ihrer verhaltenen Einschätzung für das laufende Jahr. Weitere Aussagen waren nicht zu erhalten. Das Nettoergebnis des dritten Quartals 444 Mio USD lag weitgehend im Rahmen der Markterwartungen.
vwd/DJ/7.5.2003/nas/apo

[Voicebox]

Dollar`s jump hits BHP final payout

By Michael Weir



AUSTRALIAN-BASED shareholders of BHP Billiton will receive a lower final dividend this year because of the surge in the value of the Australian dollar.

The Australian and London-listed company yesterday caved to market pressure and increased the final dividend payment 15 per cent, or US1¢, to US7.5¢ - but not enough to stop Australian shareholders being worse off.

BHP Billiton declares dividends in US dollars and sets the conversion based on the exchange rate two days before the profit announcement.

The final dividend of US7.5¢ declared yesterday equates to 11.88¢ based on Monday`s exchange rate of US63.12¢. The dividend will be paid on July 2.

But the previous final dividend of US6.5¢ gave Australian shareholders a payment of 11.95¢ a share, based on an exchange rate of US54.36¢ at the time.

The surge in the Australian dollar, and the South African rand, also stopped BHP Billiton reporting an oil price-driven bonanza profit yesterday, with the third quarter net profit instead coming in just 11.6 per cent higher at $US444 million.

The result, which was in the middle of market forecasts, took net earnings for the nine months to March 31, 2003, to $US1.375 billion, 11.5 per cent below the previous corresponding period.

The group`s chief financial officer, Chris Lynch, described the result as a "very solid set of results in market conditions which continue to be challenging".

BHP Billiton shares shed another 6¢ yesterday to close at $8.66 before the release of the third quarter results, which came after the market closed.

BHP Billiton shares have now lost more than 9 per cent in the past two weeks on the earnings concerns.

The company remained cautious about the global outlook, saying the economy was showing few signs of recovery.

Metal prices were now at a similar level to the start of the year after a brief, modest rally, but demand for iron ore and alumina continued to benefit from the strong Chinese economy.

The company said there had not been any decrease in product demand in China, but the outbreak of the deadly severe acute respiratory syndrome (SARS) had the potential to disrupt economic growth in the country in the short to medium term.

"Overall until there are signs of a synchronised global economic upturn. We remain cautious in our outlook for key commodity markets," BHP Billiton said.

The group`s earnings before interest and tax (EBIT) from continuing operations for the nine month period rose 12 per cent to $US2.62 billion, while revenues from ordinary activities rose 11.5 per cent to $US12.62 billion.

Adverse movements in exchange rates wiped more than $US306 million off its attributable profit.

An average oil price of $US28.87 a barrel for the nine month period, compared to $US21.99, saw the petroleum division EBIT surge 19.5 per cent to $US988 million.

The aluminium division`s EBIT was 37.3 per cent higher at $US445 million, while the base metals division contributed EBIT of $US185 million, up 51.6 per cent.

Carbon steel materials, which includes the Pilbara iron ore operations, contributed EBIT of $US774 million, down from $US831 million.

BHP Billiton said that higher sales volumes of iron ore, copper, diamonds, energy coal and aluminium were partly offset by lower sales volumes of petroleum products.

Higher realised prices for petroleum products, nickel, copper, manganese and chrome increased turnover about $US625 million. That increase was partly offset by lower prices for export energy coal, diamonds and iron ore.

[Voicebox]

der 8,5$-Widerstand scheint tatsächlich zu halten. Könnte ein Kaufsignal geben.

[TwinSpark]

kritische Phase im Moment, Punktlandung auf 8,5 $. Jetzt wird sich es zeigen ob die Unterstützung hält.


TS

[Bullaugenjoe]

schaut nicht danach aus, die Aktie fällt momentan wie ein Stein. Abwarten!


Bullaugenjoe

[Voicebox]

BHP Billiton defends £4m payoff

Gilbertson`s golden goodbye from mining group likely to prompt showdown with investors

Terry Macalister and Jill Treanor
Friday May 23, 2003
The Guardian

Brian Gilbertson, the former chief executive of BHP Billiton, has been given a £4m payoff following his departure from the mining group in January



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after a boardroom bust-up. The payment is one of the biggest "golden goodbyes" ever from a British company.
The pugnacious South African - who has already found work with rival Lonmin - has also been given nearly a quarter of a million shares plus health insurance for him and his wife for the next two years. Mr Gilbertson is also receiving £150,000 "for relocation and other expenses" plus a pension of £602,000 a year.

The payment to Mr Gilbertson risks a potential showdown with investors who are on alert for excessive boardroom payouts after this week`s victory at GlaxoSmithKline.

Institutional investors who voted down GSK`s remuneration policy were already concerned about the pay policies of BHP Billiton.

One said yesterday that the size of Mr Gilbertson`s payoff reflected the generous terms of the contracts.

However, investors stopped short of branding the payment to Mr Gilbertson as "reward for failure" because he left after a row over more rapid expansion of the group, which was formed by the merger between BHP of Australia and Billiton of South Africa.

The company sought to head off potential criticism about the generous nature of the departure package saying "the delay in settling the matter reflected differences between us about the contract".

BHP insisted there had been no row with shareholders. "We have not had any feedback [from investors]. We are just pleased to have reached agreement after four and a half months," he added.

At ICI, investors slammed the board at the company`s annual meeting for taking pay rises when the company had cut its dividend and its share price had fallen from 324p a year ago to 137.5p.

At the fractious meeting, one shareholder branded the company`s pay policies a "sin". Some 16% of shareholders who voted either deliberately abstained or voted against the remuneration report.

Some of the anger at the meeting was directed at the payments to the ousted chief Brendan O`Neill who received £1m last year, some £400,000 of which was a bonus.

Even attempts at keeping a lid on the payoff to Mr O`Neill - who left two months ago - were not enough to satisfy small shareholders.

Lord Trotman, ICI`s chairman who was forced to offer an apology to shareholders for the company performance, said Mr O`Neill would be paid £410,000 in cash immediately.

Rick Haythornthwaite, a non-executive director and chief executive of troubled engineering group Invensys, also incurred some wrath from investors for his continued presence on the ICI board.

Last night Brendan Barber, general secretary-elect of the TUC, put banking group HSBC - where new boardroom executive William Aldinger is on a £37m pay deal - on notice that it would be next in the firing line after GSK.

"Eyes will now turn to HSBC. We will be watching closely how investment managers vote and we will be watching closely throughout the reporting season," Mr Barber told the TUC in Wales.