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
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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
| 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 |