I hope not Mongo,But bhp was traveling nicely before eh..what was his name? announced the super tax.
But i think if the tax is dumped we will see a 8%-10% upside on BHP price.
Don't forget those billions that BHP has to pay on tax, will come of the bottom line!
If BHP can earn 3-4-5 extra billion (net) a year and doesn't have to give it away, it must influence the price in the long run.
Also a lot of big money is sitting on the sidelines waiting to re enter if tax is dumped.
If you have a look at the week after the tax was announced you'll see what i mean.
It's only an oppinion guys, so DYOR
detailed analysis, page-6
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Last
$42.06 |
Change
-0.930(2.16%) |
Mkt cap ! $213.4B | |||
| Open | High | Low | Value | Volume |
| $42.33 | $42.50 | $41.94 | $609.8M | 14.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5770 | $42.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.11 | 2807 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |