BHP Billiton published strong annual results in line with market expectations, or even better. Forecasts announced by the company highlight several interesting factors concerning the markets: short term caution (linked to Chinese leading indicators and weakness of the US building industry) and uncertainties over the intrinsic volatility of the markets and inflation. BHP Billiton also indicated that it would not buy Potash Corp at an excessive price. PLUS code maintained.
BHP Billiton has defensive advantages in a very cyclical industry, but in the event of an economic recovery can also leverage resources using several elements: a solid balance sheet, strong generation of cash flow, business diversification, multiple opportunities, attractive competitive positions and assets of excellent quality. PLUS code.
BHP Billiton has announced good production results for Q1 2009/2010. Absolute levels reached record figures in several divisions. However, BHP Billiton remains very cautious over the recovery of real demand both in China and in the developed countries. PLUS code confirmed.
BHP Billiton has defensive advantages in a very cyclical industry, but in the event of an economic recovery can also leverage resources using several elements: a solid balance sheet, strong generation of cash flow, business diversification, multiple opportunities, attractive competitive positions and assets of excellent quality. PLUS code.
BHP Billiton has published its production figures for Q3 2009. Performance is somewhat disappointing, but the quarter has been affected by adverse seasonal factors (hurricanes) as well as the international crisis. Our PLUS code remains unchanged because BHP Billiton has the strongest and most defensive profile among all diversified mining companies.
BHP Billiton has defensive qualities in a very cyclical sector but nonetheless offers significant potential in the event of economic recovery thanks to a number of factors: diversification of activities, multiple opportunities, attractive competitive positions, solid balance sheet, strong cash-flow generation and excellent asset quality. New PLUS code.