Whats Macquarie got to do with it?
How can China find substitutions when we are one of the closest suppliers of large commercial quantities and have a lower cost of production then just about anyone in the world)
I'm taking "we" as in Australian IO generally, since this arguement really goes for BHP or RIO.
I don't get your thinking. I fully understand that you see BHP as overvalued on a PE of over 20. (I agree with you totally). All I am pointing out is that 1. They are actually trading on a fwd PE lower than 20 and 2. The market (which at the end of the day is what determines the price) SEEMS to be looking fwd 2 years to FY11 prices to "price" the stock.
I don't think our views are too different david i just think we're disagreeing about how to get there.
bhp headed for 17 with conservative pe ratio, page-16
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Last
$38.45 |
Change
-0.460(1.18%) |
Mkt cap ! $195.0B | |||
| Open | High | Low | Value | Volume |
| $39.00 | $39.07 | $38.28 | $323.2M | 8.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1696 | $38.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.46 | 24810 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |