i don't understand bhp's premium rating. BHP has risen from $5 a share in 2000 to $26 a share currently. IN that time it spun off BSL and Onesteel as well, so its more than $26 a share really.
But currently the prices of copper, nickel, zinc, aluminium, lead are going back to 2000 levels. ONly coal and iron ore are higher than 2000 levels, and both are forecast to decline significantly back to 2004-2005 levels. Also the output of iron ore will have to be slashed further. oil is also back to 2003 levels and forecast to decline to $25, and maybe even $5-10 in the next few years.
copper - profit will decline to zero
nickel - loss
aluminium - zero
coal & iron ore - maybe $5bn profit max
oil - 1bil profit
total $6bn profit.
mkt cap is too high.
pe is still far too high extreme overvaluation
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |