Don't believe the $10 price targets from banks (actually think it was just one bank). There is that much panic around. Iron ore demand is still robust in china. We have to getting close to the low in Iron ore but eve if we are not its no that bad for BHP. sure their profits are hit but they also more than likely will obtain larger market share the lower it goes.. its a cyclical comod. its not going to got to 0. As for divs... they will cut probably 50% which should be well recieved by market.. Usually i would say otherwise but cutting the div wont be a suprise and its not really identifying a company in stress as we already know its in stress.
buying here. and adding every 50 cents lower if drop continues
Don't believe the $10 price targets from banks (actually think...
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Last
$41.26 |
Change
0.150(0.36%) |
Mkt cap ! $209.2B | |||
| Open | High | Low | Value | Volume |
| $41.10 | $41.53 | $41.05 | $432.9M | 10.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $41.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.27 | 1700 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |