Those calling BHP at $25ish must realise that was the Covid low or the price in 2017 and 2016 (not the lows).
2016/17- we had the Samarco disaster, iron ore went to $40 on a flash crash and BHP had net debt at over US$30bn.
2020 - pandemic. Balance sheet by memory was still circa $USD20 bN odd and the world economy stopped….
2024. Net debt is under $US10bn. We make enormous amounts of free cashflow and iron ore is still in the $90s. BHP is the lowest cost producer in the world. NTA is off the top of my head circa $14 alone, but I’d dare say the real value of the infrastructure it owns is likely double that given inflation and we are using accounting depreciated figures.
If she goes to $25 something seriously bad has happened. I’ve been offloading overpriced bank stocks to continually top up large amounts here. Cannot believe the valuation differences (my view).
BHP - Price Chart, page-101
-
- There are more pages in this discussion • 127 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
$40.55 |
Change
-0.350(0.86%) |
Mkt cap ! $205.7B | |||
| Open | High | Low | Value | Volume |
| $40.15 | $40.55 | $40.03 | $283.0M | 7.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 246 | $40.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.55 | 7291 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |