A good buy at these levels.
Following recent political developments in South Africa where it is proposed black empowerment groups will be able to buy in to 25% of each project in the country I am very wary of the implications to BHP.
I would look at RIO or WPL.
Reasons:
*Political risk in South Africa is a strong negative for BHP.
*RIO Tinto has historically outperformed BHP in terms of creating shareholder wealth.
*Rio Tinto has historically outperformed BHP in terms of peak cycle valuations.
*Superior dividend yield from both RIO Tinto (3.7%) and Woodside Petroleum (5.1%) over BHP (2.8%).
RIO and WPL have a very similar asset mix to BHP without the inherint risk that is now associated with it.
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Last
$112.38 |
Change
1.910(1.73%) |
Mkt cap ! $41.00B |
Open | High | Low | Value | Volume |
$111.50 | $113.69 | $111.11 | $78.55M | 697.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 476 | $112.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$112.40 | 133 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 332 | 112.640 |
1 | 40 | 112.630 |
6 | 533 | 112.620 |
9 | 546 | 112.610 |
1 | 70 | 112.600 |
Price($) | Vol. | No. |
---|---|---|
112.680 | 252 | 3 |
112.690 | 226 | 4 |
112.700 | 110 | 4 |
112.710 | 139 | 7 |
112.720 | 375 | 5 |
Last trade - 14.08pm 25/05/2022 (20 minute delay) ? |
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Last
$112.72 |
  |
Change
1.910 ( 2.26 %) |
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Open | High | Low | Volume | ||
$111.47 | $113.67 | $111.23 | 68465 | ||
Last updated 14.27pm 25/05/2022 (live) ? |
RIO (ASX) Chart |