BHP - Charting, page-2

Who in their right mind would be selling BHP FPO shares @ $40-$42 with a AUD$2.50 dividend plus AUD$0.75 = $3.25 (7%+ return) being paid and credited to holders in the next month?

I suspect there's a lot of price manipulation going on here so the Big Operators can accumulate at preferable lower price levels (brokers buying and selling to themselves holding the sp down and looking to relieve the smaller/weaker hands of their shares). Reverse Robinhood activities (rob from the poor and give to the rich) if you like. And they'll surely utilise the Franking Credits @ 30% company tax rates on top of the dividend.

Even if BHP's share price was $50.00, the dividend return is still a very decent 5% ($2.50) plus 30% ($0.75) franking credits for half year and 10% plus franking return for the full year.

My sentiment is BUY, or at the very least a definite Hold with the current BHP sp @ $40.85. IMO, anyone currently selling below $50 is being robbed. Any way you look at it, BHP shares are worth far more than current trading range its being held into.

GLTAH and congratulations to those who realised the great value on offer in the last month at under $40.