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
$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. |
---|---|---|
$113.72 | 197 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 78 | 113.700 |
2 | 9796 | 113.690 |
2 | 4531 | 113.650 |
1 | 2000 | 113.600 |
2 | 569 | 113.590 |
Price($) | Vol. | No. |
---|---|---|
113.800 | 45 | 1 |
113.810 | 154 | 1 |
113.880 | 2000 | 1 |
113.920 | 154 | 1 |
113.940 | 97 | 1 |
Last trade - 16.10pm 28/01/2021 (20 minute delay) ? |
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Last
$113.42 |
  |
Change
-3.350 ( 3.05 %) |
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Open | High | Low | Volume | ||
$115.14 | $115.56 | $113.07 | 113795 | ||
Last updated 15.59pm 28/01/2021 (live) ? |
RIO (ASX) Chart |