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
$117.62 |
Change
-1.010(0.85%) |
Mkt cap ! $43.66B | |||
| Open | High | Low | Value | Volume |
| $117.51 | $118.73 | $117.02 | $240.5M | 2.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 681 | $117.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.93 | 3187 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |