My contention is that the share buy back has done nothing for the share price, and I am not convinced it will do anything for it in future.
It just means a slightly higher dividend, but you buy banks for dividends, not BHP.
Here is a chart. The profit result big as it was, did nothing and price dropped to the 50 day sma (yellow line).
Details of the buyback on Feb 22 also did nothing positive and price again fell back to the 50 day sma.
Eliminate the Tsunami news event, and price is at a double bottom with January 31. Just follow the white lines
My contention is that the share buy back has done nothing for...
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Last
$44.20 |
Change
0.400(0.91%) |
Mkt cap ! $224.1B | |||
| Open | High | Low | Value | Volume |
| $44.37 | $44.39 | $44.08 | $82.59M | 1.866M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1202 | $44.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.20 | 465 | 7 |
View Market Depth
| Last trade - 13.38pm 15/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |