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
$42.07 |
Change
-0.030(0.07%) |
Mkt cap ! $213.3B |
Open | High | Low | Value | Volume |
$42.29 | $42.43 | $42.07 | $244.2M | 5.785M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | $42.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.08 | 1000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 42.060 |
4 | 1014 | 42.050 |
1 | 2930 | 42.040 |
3 | 1605 | 42.030 |
1 | 600 | 42.020 |
Price($) | Vol. | No. |
---|---|---|
42.080 | 1000 | 2 |
42.120 | 1000 | 1 |
42.180 | 539 | 2 |
42.190 | 1577 | 1 |
42.230 | 1000 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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BHP (ASX) Chart |