"BHP did the exact opposite 20 odd years ago "
BHP didn't have the opportunity to take advantage of FTA's recently signed and soon to be signed. What BHP did last century under totally different business conditions should be playing no part in any BOD decisions. Totally irrelevant.
Experience in a sector can be bought, they have plenty of cash to do that.
Imo FMG should be diverifying revenue streams and the diverse the better.
A diversified Conglomerate would be very good for investors.
And buying quality businesses cheaply that can pay for themselves is a no brainer.
Having access to cheap $US and taking advantage of conversion rate to buy said businesses is again a no brainer. Opportunity lost is bad business. Getting comfortable in what your doing is bad business.
Major anchor on sp currently is, imo, very poor growth stratergy one of the worst in asx200.
Looking for bulk commodities opportunities OS is an average result for investors as any income will dilute investor tax advantages.
Diversified Australian Conglomerate alot better outcome for investors, imo.
"BHP did the exact opposite 20 odd years ago " BHP didn't have...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |