i disagree...
the only thing bhp is good value relative to is its own stock price form higher commodity price points
its expensive vs rio, massively expensive against quality diversified mid caps - Igo being my personal pick, and expensive vs banks and healthcare in roe
that said, the market will always pay a premium for the biggest lowest cost 'all cycle' portfolio - so value isnt really the issue, its about entry points
for me that will be when oil truns around - ealry to mid next year
between now and then - when overall broader market sells off again - bhp is a no fly list for me
we shouldnt forget US market is now in a bear market. looks to me like this will be an indian summer rally up tunil end of Nov then a sell off ahead of FOMC
Trevor Sykes: BHP is a red hot buy, page-5
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Last
$43.66 |
Change
-0.240(0.55%) |
Mkt cap ! $221.4B | |||
| Open | High | Low | Value | Volume |
| $43.75 | $43.82 | $43.53 | $62.16M | 1.430M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1011 | $43.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.67 | 1581 | 9 |
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| Last trade - 10.58am 11/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |