BHP could retrace back to mid $30s. This takeover idea could prove its undoing by buying at the top of a cycle and having large borrowings. Its a real high risk strategy. If China has a hiccup BHP would be finished as an independent company.
Billiton gave its merger operation with BHP the code name Bardot (blonde and dumb BHP, I suppose). The deal was bad for BHP shreholders. One shareholder in Billiton I knew said its was a very sweet deal for him. They had crappy mines in South Africa which the natives want back for next to nothing, while other mines were in high risk countries.
I think Don Argus is a poor Chairman and he is putting on the board a range of like minded members. A RIO takeover of BHP would be better, as they have a long history of much better management.
The takeover of WMC was just a stroke of luck, and seems to have been done with some reluctance by BHP.
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Last
$45.96 |
Change
1.220(2.73%) |
Mkt cap ! $233.1B |
Open | High | Low | Value | Volume |
$45.50 | $46.23 | $45.32 | $765.8M | 16.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | $45.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$45.97 | 2273 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 45.920 |
1 | 22 | 45.900 |
1 | 237 | 45.850 |
1 | 45 | 45.820 |
3 | 471 | 45.800 |
Price($) | Vol. | No. |
---|---|---|
45.970 | 2273 | 2 |
45.980 | 3319 | 6 |
45.990 | 44264 | 11 |
46.000 | 61364 | 31 |
46.010 | 7020 | 3 |
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