Busterup,
my view is that as long as the key drivers..oil, base matals prices and exchange rate move in a way to positively impact on BHP's financial result its price will keep going up.
I posted earlier on this. Chartists soemtimes forget that an improving bottom line (i.e. a vastly improving 2005 net profit figure) will also affect the share-price despite what appear to be double tops/triple tops, doji whatevers, abandoned babies etc show up on the chart.
Approximate impact on FY05 net profit after tax
of changes of:
US$1/t on iron ore price US$60m
US$1/bbl on oil price US$40m
US$1/t on metallurgical coal price US$25m
USc1/lb on aluminium price US$20m
USc1/lb on copper price US$15m
US$1/t on energy coal price US$20m
USc1/lb on nickel price US$1m
Australian dollar (USc1/A$)
Operations US$35m
Net monetary liabilities US$15m
Source:2004 Preliminary Results announcement 18 August 2004
Latest commodity prices
http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/commodities/28698/twelve_month.stm
http://www.kitcometals.com/
Latest exchange rate AUD/USD 0.7141 0.7143
http://fxtrade.oanda.com/
Ajax
Busterup,my view is that as long as the key drivers..oil, base...
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Last
$45.06 |
Change
0.420(0.94%) |
Mkt cap ! $228.6B | |||
| Open | High | Low | Value | Volume |
| $45.05 | $45.47 | $44.78 | $351.0M | 7.781M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45 | $45.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $45.07 | 4549 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |