BHP trades on a very low PE because mining is risky and capital intensive. everyone knows that.
if ESG concerns are fanciful, why does ALL consistently trade on low PE whereas REA for over 20 years has traded on PEs in the
30's and 40's ? and other growth stocks on even higher.
like it or not, there are many people not interested in investing in gambling, or fossil fuels, or alcohol etc
why else do you think ALL trades on such low PEs despite consistent excellent earnings growth ?
I don't think you can say ESG is fanciful. You might disagree with people on it, but like or not, if affects our ride in the stockmarket.
BHP trades on a very low PE because mining is risky and capital...
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Last
$46.68 |
Change
-0.040(0.09%) |
Mkt cap ! $29.57B | |||
| Open | High | Low | Value | Volume |
| $46.60 | $47.00 | $46.59 | $37.21M | 795.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 226 | $46.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $46.73 | 481 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$46.68 |
Change
-0.040 ( 0.33 %) |
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| Open | High | Low | Volume | ||
| $46.63 | $46.98 | $46.60 | 52886 | ||
| Last updated 16.10pm 14/06/2024 ? | |||||
| ALL (ASX) Chart |