There’s nothing like a good bounce to see people start talking about a stock or sector, today its iron ore and especially BHP & RIO who are due to pay very large fully franked dividends in early March. The capital returns delivered in March and September by BHP could be close to $8 fully franked made up almost equally between ordinary dividends and monies returned following the demerger with Woodside Petroleum.
The commodities tailwinds are picking up for BHP and we could comfortably see another 8-10% upside especially as yield hungry investors start to consider the attractive pickings looming on the horizon.
MM is long and bullish BHP
Add To Hit List
