BHP is about as good a buy trade as you could get in this market. The 5yr outlook is amazing - they can simply swing their wads of cash into any sector likely to boom, and extract a profit: Petrol will be 1/5 of BP's total production by next year, Unanium will be hugely upgraded and infrastructure increased to mine it. Add to the mix a takeover to boost their Nickel or Aluminum production (JBM, or say Alcoa) and an extra $2b next year is definiately a conservative figure. They have caught on - next year state that you expect $2b growth, but deliver 5 and then we'll see a re-rating. That being said, I fully expect the share price in the short to medium term to be trading over $30. An economic slowdown in the US will not stop billions (yes billions) of extra people in Asia buying cars and houses.
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Last
$43.79 |
Change
-1.070(2.39%) |
Mkt cap ! $222.1B |
Open | High | Low | Value | Volume |
$44.90 | $45.61 | $43.34 | $552.4M | 12.46M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14 | $43.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.81 | 33411 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14 | 43.790 |
2 | 8592 | 43.780 |
1 | 8000 | 43.750 |
1 | 100 | 43.740 |
2 | 536 | 43.730 |
Price($) | Vol. | No. |
---|---|---|
43.810 | 33411 | 1 |
43.820 | 2938 | 1 |
43.830 | 32749 | 1 |
43.840 | 18072 | 1 |
43.850 | 8847 | 4 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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BHP (ASX) Chart |