I am retired and have 20% of my DIY share portfolio in BHP for the very reasons you so succinctly describe; but I also trade in and out of it. Now I am well and truly back in again and also quite happy for it never to gyrate madly again. The question I would like to ask is: if global growth slows and metal prices drop (ex iron-ore and oil), & there is less incentive to develop new supply sources, what does BHP (either on its own or merged with RIO) do with the rivers of cash still pouring in? My memories are still vivid of their discounted off market share by-back in 07. This was a scheme of great wonder when the franking credits were included. Or do you think they will simply bump up the dividend?
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Last
$40.36 |
Change
0.290(0.72%) |
Mkt cap ! $204.7B | |||
| Open | High | Low | Value | Volume |
| $40.02 | $40.61 | $39.93 | $213.6M | 5.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 46059 | $40.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.37 | 15988 | 1 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |