BHP are incredibly on the ball. Im sure they could see this metals correction coming.They knew it would hit earnings and share price.
The world tumble makes the BHP/RIO bid look good at just the time the market is discounting RIOs earnings,thus putting presure on board to sell.
BHP then does not have to fight shareholders for a higher offer.BHP takes control of RIO when its most vulnerable.Remember it would be a huge ask to take over RIO is comodities were still booming.
BHP gets RIO just as the market recovers in 2009/10.
What clever guys are these???
Amazing really
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B |
Open | High | Low | Value | Volume |
$21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9803 | $22.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.11 | 10620 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 22.090 |
1 | 1400 | 22.060 |
1 | 2500 | 22.050 |
1 | 135 | 22.030 |
3 | 1485 | 22.010 |
Price($) | Vol. | No. |
---|---|---|
22.110 | 6540 | 1 |
22.130 | 107 | 1 |
22.150 | 1623 | 2 |
22.160 | 455 | 1 |
22.180 | 1850 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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FMG (ASX) Chart |