{"id":1946,"date":"2014-08-19T14:34:31","date_gmt":"2014-08-19T13:34:31","guid":{"rendered":"http:\/\/www.ijg-research.net\/?p=1946"},"modified":"2014-08-19T15:08:51","modified_gmt":"2014-08-19T14:08:51","slug":"index-falls-on-account-of-bhp-billiton-bil-sj","status":"publish","type":"post","link":"https:\/\/ijg.net\/research\/index-falls-on-account-of-bhp-billiton-bil-sj\/","title":{"rendered":"Index falls on account of BHP Billiton (BIL SJ)"},"content":{"rendered":"

The Top40 and Alsi have been in what appears to be free-fall today, as BHP Billiton’s earnings miss forecasts, and the announcement that it is splitting off nickel, aluminum and other assets into a new company that could be valued at more than US$20 billion<\/a>. However, we see this move as majorly over done, as earnings missed by a mere 0.7 percent, and current moves based on the company split are still speculative.<\/p>\n

\"BIL\"<\/a><\/p>\n

Nevertheless, Billiton is the single largest weighting in the Top40 index, at over 13 percent, meaning that a 1% move in Billiton represents 60-odd points on the Alsi. As such, the 5% sell off that we have seen today, represents a total of over 300 points on the Alsi, and captures in entirety the negative move we have seen on the index for the day so far.<\/p>\n

\"BHP\"<\/a><\/p>\n

Unlike today’s results, the comapny’s first half results were very positive, surprising to the upside by 8.9 percent. This divergence lead technical trader, Karin Richards \u200f(@Richards_Karin), to rather fittingly, call Billiton “a tale of two halves<\/a>”
\n\"BvZ0RJVCAAAuWnC\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Top40 and Alsi have been in what appears to be free-fall today, as BHP Billiton’s earnings miss forecasts, and the announcement that it is splitting off nickel, aluminum and other assets into a new company that could be valued at more than US$20 billion. However, we see this move… Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[],"class_list":["post-1946","post","type-post","status-publish","format-standard","hentry","category-teamcommentary"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4zfYc-vo","jetpack-related-posts":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/1946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/comments?post=1946"}],"version-history":[{"count":7,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/1946\/revisions"}],"predecessor-version":[{"id":1956,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/posts\/1946\/revisions\/1956"}],"wp:attachment":[{"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/media?parent=1946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/categories?post=1946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijg.net\/research\/wp-json\/wp\/v2\/tags?post=1946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}