Mike, you always put your head on the chopping block. I see a lot of sense in what you say.
BHP.
I bought into BHP at $29.4 having sold some TCL at $8.4. Both too early. My reasoning was as follows.
I am in a SMSF. BHP yields over 5% FF. BHP has more FF dollars on their BS than any other ASX company. More than TCL which is a yield play.It is likely that BHP will keep their progressive div policy. I live on yield and if it is FF, I like it better. What happens to BHP's SP in the short term does not worry me. Then there is India which is forecast to grow like China, and they have a younger pop.
POO.
POO will tend down for about 6 weeks. That is the time it will take for inventories to peak. And then up to about $65-70.
I have good holdings in WPL, ORG and STO (only recently bought at $13.)
Divs should be ok.
can/will Iron Ore, Oil, BHP keep falling?, page-10
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Last
$41.98 |
Change
-0.510(1.20%) |
Mkt cap ! $212.9B | |||
| Open | High | Low | Value | Volume |
| $41.51 | $41.98 | $41.45 | $377.1M | 9.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $41.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.99 | 1547 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |