i disagree...
the only thing bhp is good value relative to is its own stock price form higher commodity price points
its expensive vs rio, massively expensive against quality diversified mid caps - Igo being my personal pick, and expensive vs banks and healthcare in roe
that said, the market will always pay a premium for the biggest lowest cost 'all cycle' portfolio - so value isnt really the issue, its about entry points
for me that will be when oil truns around - ealry to mid next year
between now and then - when overall broader market sells off again - bhp is a no fly list for me
we shouldnt forget US market is now in a bear market. looks to me like this will be an indian summer rally up tunil end of Nov then a sell off ahead of FOMC
Trevor Sykes: BHP is a red hot buy, page-5
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Last
$40.01 |
Change
-0.540(1.33%) |
Mkt cap ! $203.0B | |||
| Open | High | Low | Value | Volume |
| $40.52 | $40.63 | $40.01 | $261.2M | 6.492M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 21029 | $40.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.02 | 15000 | 1 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |