Plenty posts stating that (by historical standards) BHP SP is currently very low. I keep coming back to the macro: i.e. supply of iron ore and coal, and probably several metals... will exceed demand over the forseeable future. Hence margins will shrink, perhaps quite dramatically. So how can BHP justify the massive capex involved in such a large expansion in production? Mr mkt seems to think BHP faces decline in earnings. I forsee a SP of $33 as likely.
My query: What does one do at this level? Will world economy slow so severely that $33 will prove to be expensive?
what to do if bhp hits $33??
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Last
$42.10 |
Change
0.910(2.21%) |
Mkt cap ! $213.5B | |||
| Open | High | Low | Value | Volume |
| $41.88 | $42.29 | $41.69 | $360.3M | 8.529M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9922 | $42.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.12 | 11345 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |