All the miners in London had a big day Friday. The psychology has clearly changed and the chances are this is a clear change in direction. The commodities themselves have not yet moved off their lows, but the risk-reward price profile for iron ore, oil, copper, etc is clearly better today than when they were at their highs. The fall in the A$ helps too. The other point is that even BHPB and Rio will have got the message, finally and at long last, that they have to deliver capital management programs in their next results - no more waffle and un-commerciality - give money back to the owners of the companies. Glencore breathing down its neck will ensure that Rio does it. Knowing that Rio will do it - and Rio usually reports before BHPB so it will see Rio do it - means BHPB will do it too. These stocks have been hammered (and rightfully so) but there is a lot of upside now.
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Last
$40.67 |
Change
-0.270(0.66%) |
Mkt cap ! $206.2B |
Open | High | Low | Value | Volume |
$40.68 | $40.79 | $40.53 | $235.7M | 5.786M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 250 | $40.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.68 | 8347 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250 | 40.650 |
1 | 1000 | 40.620 |
2 | 325 | 40.600 |
1 | 2 | 40.560 |
4 | 1693 | 40.550 |
Price($) | Vol. | No. |
---|---|---|
40.690 | 543 | 1 |
40.730 | 1388 | 1 |
40.740 | 1000 | 1 |
40.760 | 950 | 2 |
40.800 | 30 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
BHP (ASX) Chart |
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