No comparison to bb- interests payments can be maintained with industry leading margins from operations .
In spite of the halving of both oil and iron ore from fy13/14, bhp is forecast to achieve net profit of ~7b, ebitda of 24.3b and eps of 1.45 usd in fy15. Recent price weakness reflects decrease of eps by ~40%, from fy14. I see good buying at present, revised deutsche price target of A$38.00.
Near term catalyst is South 32 demerger, possible iron ore rebound to ~75usd and possible oil recovery.
Even if oil sustains 40usd/ barrel bhp can still maintain dividend payout (5% yield) and interest payments. Forecast a decrease in capex spend too particularly on US shale assets. Increased competion by oil service providers, should see these costs fall.
Regards Michael/
- Forums
- ASX - By Stock
- BHP on the way down to 20 dollars
No comparison to bb- interests payments can be maintained with...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$43.43 |
Change
-0.470(1.07%) |
Mkt cap ! $220.3B |
Open | High | Low | Value | Volume |
$43.75 | $43.82 | $43.43 | $279.5M | 6.424M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5828 | $43.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.45 | 75000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 43.420 |
1 | 2663 | 43.410 |
6 | 8584 | 43.400 |
1 | 209 | 43.380 |
1 | 97 | 43.360 |
Price($) | Vol. | No. |
---|---|---|
43.510 | 2459 | 2 |
43.520 | 500 | 1 |
43.560 | 1291 | 1 |
43.750 | 300 | 1 |
43.790 | 2291 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |