Hi Mongo,
from my point of view it's fine. Don't buy BHP if you need higher dividends.
Let's assume someone has $100,000 worth of BHP. He'll get his $2000 dividend per year, but $8000 is reinvested by Kloppers on his behalf. Kloppers has a track record of getting him 25-30% on this money. So buying BHP on the dips and going to sleep is quite a valid strategy these days. If he needs income, in theory he can sell $8000 worth of his stock to approximate his year ago position.
financial report, page-3
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Last
$42.10 |
Change
0.910(2.21%) |
Mkt cap ! $213.5B | |||
| Open | High | Low | Value | Volume |
| $41.88 | $42.29 | $41.69 | $360.3M | 8.529M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9922 | $42.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.12 | 11345 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |