A good buy at these levels.
Following recent political developments in South Africa where it is proposed black empowerment groups will be able to buy in to 25% of each project in the country I am very wary of the implications to BHP.
I would look at RIO or WPL.
Reasons:
*Political risk in South Africa is a strong negative for BHP.
*RIO Tinto has historically outperformed BHP in terms of creating shareholder wealth.
*Rio Tinto has historically outperformed BHP in terms of peak cycle valuations.
*Superior dividend yield from both RIO Tinto (3.7%) and Woodside Petroleum (5.1%) over BHP (2.8%).
RIO and WPL have a very similar asset mix to BHP without the inherint risk that is now associated with it.
A good buy at these levels.Following recent political...
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Last
$123.67 |
Change
-0.600(0.48%) |
Mkt cap ! $45.96B | |||
| Open | High | Low | Value | Volume |
| $124.20 | $124.43 | $123.39 | $24.37M | 195.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 282 | $123.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $123.66 | 90 | 4 |
View Market Depth
| Last trade - 11.40am 05/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |