No comparison to bb- interests payments can be maintained with industry leading margins from operations .
In spite of the halving of both oil and iron ore from fy13/14, bhp is forecast to achieve net profit of ~7b, ebitda of 24.3b and eps of 1.45 usd in fy15. Recent price weakness reflects decrease of eps by ~40%, from fy14. I see good buying at present, revised deutsche price target of A$38.00.
Near term catalyst is South 32 demerger, possible iron ore rebound to ~75usd and possible oil recovery.
Even if oil sustains 40usd/ barrel bhp can still maintain dividend payout (5% yield) and interest payments. Forecast a decrease in capex spend too particularly on US shale assets. Increased competion by oil service providers, should see these costs fall.
Regards Michael/
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Last
$39.25 |
Change
0.590(1.53%) |
Mkt cap ! $198.9B |
Open | High | Low | Value | Volume |
$38.75 | $39.35 | $38.71 | $143.4M | 3.671M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1399 | $39.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.25 | 2892 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 1323 | 39.230 |
17 | 2381 | 39.220 |
9 | 4611 | 39.210 |
9 | 2511 | 39.200 |
9 | 2814 | 39.190 |
Price($) | Vol. | No. |
---|---|---|
39.240 | 1806 | 23 |
39.250 | 2360 | 8 |
39.260 | 2919 | 9 |
39.270 | 2727 | 7 |
39.280 | 3882 | 9 |
Last trade - 13.04pm 11/09/2024 (20 minute delay) ? |
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