BHP is in Iron Ore, Oil and gas, Shale gas, Copper, Coal, and more. All these are way down for whatever reason but coal will likely start to rise first, because the supply overhang is only about 3.5% now down from 7% a few months ago. Vale in Brazil too is pouring more iron ore onto the market. China has poor resources of iron and should probably look to mothballing capacity to save for emergencies.
The hit is cushioned by the fall in the $A for Oz operations, plus changes in currencies in SA, Chile, and so on. Those retirees who have been eating the dividend plus selling a few when bank interest rates are so low will no doubt be facing reduced dividends. It likely temporary, but it could well go lower before it goes higher. Will Vale suffer for their Latino machismo antics? The latinos usually cop it.
BHP will batten down the hatches, put up the storm sails, lash the skipper to the wheel and ride it out.
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BHP on the way down to 20 dollars, page-103
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Last
$38.66 |
Change
-0.100(0.26%) |
Mkt cap ! $196.1B |
Open | High | Low | Value | Volume |
$38.99 | $39.12 | $38.66 | $270.1M | 6.949M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200 | $38.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.70 | 203 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200 | 38.660 |
13 | 12933 | 38.650 |
5 | 9040 | 38.630 |
3 | 9683 | 38.620 |
4 | 7300 | 38.610 |
Price($) | Vol. | No. |
---|---|---|
38.700 | 203 | 1 |
38.750 | 200 | 1 |
38.770 | 27575 | 3 |
38.800 | 3000 | 1 |
38.830 | 31155 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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BHP (ASX) Chart |