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.
RIO
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$113.70 |
Change
-3.350(2.86%) |
Mkt cap ! $42.20B | |||
| Open | High | Low | Value | Volume |
| $115.11 | $115.63 | $113.07 | $165.5M | 1.451M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 78 | $113.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.72 | 197 | 1 |
View Market Depth
| Last trade - 16.10pm 28/01/2021 (20 minute delay) ? |
 (live)
|
|||||
|
Last
$113.42 |
Change
-3.350 ( 3.05 %) |
||||
| Open | High | Low | Volume | ||
| $115.14 | $115.56 | $113.07 | 113795 | ||
| Last updated 15.59pm 28/01/2021 (live) ? | |||||
| RIO (ASX) Chart |