Certainly BHP is and has always been a Blue Chip Stock.
However given recent events with what's happened in Brazil (negative sentiment) and the downturn and uncertainty facing china which is possibly going to end in a recession and I believe an extended time of pain for commodities (at least 18mths+)
Would not surprise me to see BHP in single digits later this year. Of course there will come a time when commodities and china recover but seems we are far from a bottom.
Good Luck all holders on can never tell where the floor is.Suspect dividend will be more like 2% and cut aggressively.
These are just my thoughts and not a recommendation to buy/sell.
Have been investing for 20 yrs.
Sick Puppy BHP
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Last
$42.74 |
Change
-0.060(0.14%) |
Mkt cap ! $216.7B | |||
| Open | High | Low | Value | Volume |
| $42.77 | $42.89 | $42.61 | $275.3M | 6.440M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 129236 | $42.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.75 | 3950 | 3 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |