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
$43.25 |
Change
-0.070(0.16%) |
Mkt cap ! $219.0B |
Open | High | Low | Value | Volume |
$42.88 | $43.34 | $42.67 | $164.1M | 3.817M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 4919 | $43.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.25 | 2773 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 2274 | 43.240 |
22 | 8440 | 43.230 |
13 | 4403 | 43.220 |
9 | 3714 | 43.210 |
6 | 2777 | 43.200 |
Price($) | Vol. | No. |
---|---|---|
43.250 | 2683 | 10 |
43.260 | 5260 | 16 |
43.270 | 4169 | 14 |
43.280 | 5326 | 15 |
43.290 | 4821 | 9 |
Last trade - 15.34pm 26/06/2024 (20 minute delay) ? |
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BHP (ASX) Chart |