If BHP had any kind of competence in it's corporate culture it should be trading at $200 having paid 6 to 7% ff dividend for the last 25 years and still be paying it.
The missed opportunity is so huge it boggles the mind
FMG, believe it or not, put both RIO and BHP to shame with it's lower...
The last few years?
This is a company that was trying to buy RIO and spent 450m in failing to do so in 2007 at $139.00 per share.
In 2008 after their pathetic attempt failed due to government blocking it RIO was trading at $38 something.
They really know there stuff!!
BHP goes ex tomorrow.
Anyone with half a brain who has held onto this through the building insanity in China, will sell tomorrow after getting their franked dividend.
Should take and absolute spanking especially if US markets are week tonight.
US markets may be deceptively OK due to end of month...
BHP at 35 is in the bag for sure in the next 6 months!
I'll give 80% chance of 29!
Why? Think about how much IO and copper has gone into this unprecedented waist.
The only positive is that the buildings are all so badly constructed with corner cutting everywhere it will all have to be done again...