BHP could retrace back to mid $30s. This takeover idea could prove its undoing by buying at the top of a cycle and having large borrowings. Its a real high risk strategy. If China has a hiccup BHP would be finished as an independent company.
Billiton gave its merger operation with BHP the code name Bardot (blonde and dumb BHP, I suppose). The deal was bad for BHP shreholders. One shareholder in Billiton I knew said its was a very sweet deal for him. They had crappy mines in South Africa which the natives want back for next to nothing, while other mines were in high risk countries.
I think Don Argus is a poor Chairman and he is putting on the board a range of like minded members. A RIO takeover of BHP would be better, as they have a long history of much better management.
The takeover of WMC was just a stroke of luck, and seems to have been done with some reluctance by BHP.
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Last
$41.21 |
Change
0.330(0.81%) |
Mkt cap ! $209.0B |
Open | High | Low | Value | Volume |
$41.13 | $41.24 | $41.01 | $55.77M | 1.356M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1559 | $41.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.22 | 2976 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 2496 | 41.220 |
18 | 11803 | 41.210 |
15 | 10714 | 41.200 |
11 | 3340 | 41.190 |
12 | 7281 | 41.180 |
Price($) | Vol. | No. |
---|---|---|
41.230 | 48 | 2 |
41.240 | 5476 | 12 |
41.250 | 10862 | 16 |
41.260 | 3107 | 10 |
41.270 | 5371 | 8 |
Last trade - 10.54am 22/08/2024 (20 minute delay) ? |
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