The share price should stop at $7.
If BHP doesn't pay a dividend the market will start dumping stock, especially the super funds.
I think bulk resources will stay low for at least 3 years.
If the market experiences another boom like we had, it would give competitors the start up capital and companies like BHP would lose too much market share. I tend to think BHP will start to purchase distressed assets next year to protect its position in the Iron ore and Coal market.
The Oil market should take years to recover due to the low cost of gas $17 barrel. Gas is a cheap substitute for oil. The Oil price spike has transformed the market.
$12 target, page-14
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Last
$41.76 |
Change
-0.900(2.11%) |
Mkt cap ! $211.7B | |||
| Open | High | Low | Value | Volume |
| $42.02 | $42.09 | $41.75 | $565.3M | 13.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 176 | 109821 | $41.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.80 | 17792 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |