don't care about dividends.
I'd rather they reinvested the money to make more for us or buy back shares. BHP is way undervalued. - well said Jgo.
A lot of analysts or traders with a contrarian bent look at bhp over a 10 year period, suffer a bout of vertigo and pronounce it has climbed too high. It is high because it pays tiny dividends which is tantamount to a forced dividend reinvestment, plus through the years (correct me if I am wrong) it may have done a buyback or two. A shareprice in the 40s is not overpriced as it accounts for all those dividend stream foregone through the years, and the anti-dilutive effect of a buyback . And going forward to 2009, it looks very cheap.
metals up oil up dow doowwwnnn, page-30
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Last
$40.01 |
Change
0.800(2.04%) |
Mkt cap ! $202.9B | |||
| Open | High | Low | Value | Volume |
| $40.07 | $40.25 | $39.67 | $474.9M | 11.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15864 | $40.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.03 | 1196 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |