You can certainly criticise the BHP Board for lots of things. After all, they missed the commodities boom and they missed the commodities crash.
But the ineptitude of the STO Board is on another scale.
Also, the BHP Board are highly paid professional directors who will be paid no matter what happens. When RIO was bankrupt after buying Alcan in the GFC, it was saved by the banks and institutions who were handed "free money" in ultra cheap shares, thus cheating the retail holders.
No matter how bad it gets at BHP, the worst that can happen is a RIO style handout to the insiders at our expense. BHP will not go bankrupt.
subordinate debt rated just above junk BBB+, page-12
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Last
$42.99 |
Change
0.390(0.92%) |
Mkt cap ! $218.1B | |||
| Open | High | Low | Value | Volume |
| $42.69 | $43.23 | $42.51 | $238.2M | 5.552M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14181 | $42.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.99 | 11812 | 1 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |