the point is that future is right 1 time out of ten and for the other nine times he never admits it nor does he apologise for making mistakes...this time I may be wrong and so be it...I acknowledge it and move on...but future's credibility is just in tatters on this forum....any fool can say they will short BHP all year long and eventually get it right...
At any rate...revenues from Petroleum related products only account for 25% of BHP earnings...and after the LME sort out their metal stock figures I still think they had a strong day...
This appears to be accurate as far as corrected prices...but I say that with a 'appears'...it could go some way to offseting the drop in oil as all commodities finished strong...
http://newsvote.bbc.co.uk/2/shared/fds/hi/business/market_data/commodities/default.stm
Zinc dropped -1650 not -6500
and aluminium dropped -1625 not -5850...
but the nickel price for example still rose 5.6%...
So if oil dropped 3% and all commods rose on average 2% across 75% of the business... I think the impact will be minimal..
i did warn u future and geez, page-13
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Last
$41.54 |
Change
-0.530(1.26%) |
Mkt cap ! $210.6B | |||
| Open | High | Low | Value | Volume |
| $41.57 | $41.84 | $41.31 | $356.2M | 8.577M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $41.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.54 | 2990 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |