re: why so cheap compared to rio? BHP's oil division suffered a setback with Hurricane Katrina in America. Oil price also went towards US$55 2/3 months ago, before rising back above US$60.
RIO's share price has been boosted by a sizeable on-market buyback program on the LSE.
I reckon once BHP starts its on-market buyback on the LSE (up to 10% of BHP Billiton PLC's share capital approved to be bought back, in the recent AGM), BHP's share price will outperform RIO during that coming timeframe.
Next critical factors - iron ore pricing and coal pricing for 2006.
why so cheap compared to rio it , page-2
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Last
$40.86 |
Change
0.650(1.62%) |
Mkt cap ! $207.2B | |||
| Open | High | Low | Value | Volume |
| $40.65 | $41.02 | $40.32 | $321.8M | 7.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1456 | $40.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.87 | 1230 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |