China has stabilised at least for the next few months the commodities trend is stable if not up. Mining and mining services have sky rocketed as a result.
I believe the Bhp announcement was fully priced in and only served to beat the negativity which is precisely what took this down to 14. It was never fundamentals, all sentiment...
So bhp has beat the sentiment, it has reduced operating costs, it has restructured to focused better, it has exceptional cash flow and is now poised well to capitalise. They already took the dividend hit earlier In the year so at this stage it only has positive sentiment to be priced back. I just hope they don't do anything hastily.
Next stop 25 and let see if it can break that long term resistance.
China has stabilised at least for the next few months the...
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |