Global equity weighting just shifted in Australia's favour. Thank Paul Keating for franking credits and deep superannuation equity. Also Malcolm Fraser for setting the early preconditions.
Buy BHP in London has been an obvious trade to overweight for Oz investors also playing currencies. The appetite for more may be less than apparent.
As activity switches to Australia, the supply/demand equation on BHP:AX changes and for a time LSX sellers will set the price. Expect, seize temporary downward price moves. Dunno how low.
BHP is on an historic yield of 11% ff, forecast to fall with IO prices, though it sells best q IO and the premium ought widen. Meanwhile Vale continues to stumble. Copper honks. Nickel is hunting in M&A. Best q met coal. WPL split advantageous. Potash I shrug.
Ash
Ann: Presentation on Unification of BHP's DLC structure, page-3
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |