"could anyone explain why I get a much higher PE to all others"
Well BHP P/E is still cheaper than the Major Banks.
Future P/E looks low because of,
High energy prices,
High Base Metal Prices,
High Precious Metal Prices.
It's the Biggest Diversified Miner in the world & Leveraged to a "Supercycle" in Commodities.
The normal 3 year "cyclical trend" finished 12 months ago.
The chart shows a "Supercycle" & has done for many, many months.
Resource Companies on the ASX must follow suit.
Profits for BHP will be up next year.
High prices will rule the day.
Chinese growth of 9.5% the nail in the coffin :)
Doomsayers need to adjust inflation into their figures.
Commodity price are closer to lows than highs when Taking into account 16-30 year peak prices.
A "Supercycle" wouldn't exist if every pound of copper, barrel of oil & ounce of gold etc, was closer to the surface & just as cheap to mine!!!! but fair go,,,
Resource Companies are working 24/7 to extract the stuff out & get the top price but they suffer breakdowns too.
That is why prices are still high.
Inflation means we are only at the beginnings of a boom & there is still plenty of time to get on & enjoy the profits.
$25-17 medium term,
$20+or $18.50+ short term.
I'm hoping for a pullback so that I can get in.
hehehe.
RSI,MACD,Volume is showing undecided short term.
The Bollinger Bands look Bullish Longer Term.
Daily Resource prices will cause fluctuations in share price.
http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/commodities/11661/default.stm
It takes a while to load up :)
hehehe.
I should be out celebrating another fine week :)
hehehe.
Cheers.
"could anyone explain why I get a much higher PE to all...
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Last
$42.60 |
Change
-0.180(0.42%) |
Mkt cap ! $216.1B | |||
| Open | High | Low | Value | Volume |
| $42.77 | $42.91 | $42.52 | $155.5M | 3.647M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6565 | $42.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.65 | 9609 | 2 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |