BHP reported figures down today and cuts to its #dividend. Most analysts were not surprised by these results albeit they were slightly lower than forecast. Even so BHP is still cheap (PE of 8.4) compared to the average of its industry (PE of 11). And CEO maintained guidance. Henry the CEO said this:" The long-term outlook for our commodities remains strong given population growth, rising living standards and the metals intensity of the energy transition, including for steelmaking raw materials,” Henry added, apparently referring to the need for metals for products like electric vehicles and windmills". Good opportunity to Buy stock as it is dropping on the news. 90c dividend even though much lower than before is still very good.
BHP Price at posting:
$47.36 Sentiment: Buy Disclosure: Held
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