At MM we are fans of BHP with their commodities mix migrating away from iron ore over the coming years but we are underweight at present in our Flagship Growth Portfolio having lightened our position around $46.40, so far so good, just! At this stage we plan to remain patient but this is a definite candidate for us to buy sooner rather than later due to our affinity with the company’s direction.
- We reduced our BHP holding to 6% in December with the goal of increasing it at lower levels, nothing’s changed i.e. tweaking a core portfolio around the edges.
MM remains a keen accumulator of BHP under $40
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NB MM owns BHP in our Flagship Growth and Active Income portfolios
