$BHP Group Ltd (BHP.AU)$A significant drop depends on whether BHP has another crack at Anglo American now that they are able to as the 6 months is up. They say it's a negative for a take over now that Anglo have sold off their coal resources, but I'm not sure thats the best way of reading it. Anglo went up 4% on rumour of take over. BHP drops during speculation.
Have a look at the Copper / gold ratio over the last 8 months when the markets bet on a Trump win. Things can turn very quickly and bhp have good copper Assets. Im more bullish on Copper than I am on gold. African I/O can easily turn into a complete disaster very quickly and China is hanging out an olive branch with naval & army reciprocation like they once did, so China is looking for friends with commodities for more stimulus down the track.$BHP Group Ltd (BHP.AU)$
BHP Average iron ore realised price FY2024 H1 US$103.70 BHP Average iron ore realised price FY2024 H2 US$98.30 For a FY2024 Average realised US$101.04 So H2 realised price approx 5% lower than H1 That's why upcoming dividend might be slightly lower than expectations? Might be wrong - just a bit of guestimate fun!!$BHP Group Ltd (BHP.AU)$
$BHP Group Ltd (BHP.AU)$shows consolidating and oversold. Going to start to accumulate from this price. As it goes down then collect more to average down
$Computershare Ltd (CPU.AU)$from volume history, it's built up a huge pile of over-bought? What's next if they are to reap the profit? Easy guess. The biggest hurdle for sustainability of CPU is its low rate of return for long term holders. If that changes or you have gathered a big quantity at its low price period, it will help. Otherwise ... to...
dividend dropped ...
guess it's not favorable to hold any more :(
Give in 3-6 months and BHP should see another rally back to $46-$48
$BHP Group Ltd (BHP.AU)$
Things can turn very quickly and bhp have good copper Assets. Im more bullish on Copper than I am on gold.
African I/O can easily turn into a complete disaster very quickly and China is hanging out an olive branch with naval & army reciprocation like they once did, so China is looking for friends with commodities for more stimulus down the track. $BHP Group Ltd (BHP.AU)$
BHP Average iron ore realised price FY2024 H2 US$98.30
For a FY2024 Average realised US$101.04
So H2 realised price approx 5% lower than H1
That's why upcoming dividend might be slightly lower than expectations?
Might be wrong - just a bit of guestimate fun!! $BHP Group Ltd (BHP.AU)$
No comment yet