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Today's quote:

Thursday, July 29, 2021

Is BHP heading for $60?


Listen to the interview here

 

Was this a Freudian slip or did Peter Switzer just mention a $60-price for BHP shares? Listen to this interesting conversation in which he asks the questions, "Is the party over? Is it time to dump BHP, Rio and Fortescue?"

This morning RIO announced a dividend of $7.60 a share. BHP, priced at about 40% of RIO's shares, should therefore declare about $3-a-share in dividends next Tuesday, 3 August. Happy days are here again!


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