$27.50 does not take it to 50% of its peak last year.
One mine closed, another soon to follow.
Iron contracts to be signed this year at a much reduced rate from last year. There was talk it would be at 2007 levels, but with each passing month this looks to be a hopeful estimate.
More mines reducing output as prices stay a depressed levels.
So with total turnover to be way down on last fin year, and profit on that reduced output down as well I think $27.50 is way too high.
Compared to RIO which is down 65% from it pre-BHP high is much closer to where it should in fact be.
$20 would be a better target for BHP given where this year is heading.
brokers downgrade target price, page-3
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$40.86 |
Change
0.650(1.62%) |
Mkt cap ! $207.2B | |||
| Open | High | Low | Value | Volume |
| $40.65 | $41.02 | $40.32 | $321.8M | 7.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1456 | $40.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.87 | 1230 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |