BHP 1.74% $44.58 bhp group limited

BHP Future Still Strong, page-5

  1. 5,300 Posts.
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    We added circa 17,000 shares around $41s recently. Funded via selling over priced bank shares (my view). I’ll add significantly more if this goes sub $40. Also added a few thousand RIO, again, if it goes sub $105 I’ll add significantly more.

    valuations are cheap on historical PE. But it comes to your view on China and secondly copper (not as China dependent). I’m an ultra bull here and I also think China will come in with stimulus and iron ore likely to be $100-110, not the $80 odd analysts factoring into the share prices of our majors.
 
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