Boring can be good, if such a thing exists in the stock market e.g. after the plunge in 2011 Commonwealth Bank (CBA) delivered both stellar gains and dividends. Today we’ve looked at fellow heavyweight BHP following on from our bullish medium-term outlook towards commodity prices and BHP’s migration towards Copper over the coming years. BHP is currently forecast to yield 5.8% over the next 12 months although again this will clearly be commodity price dependant while cost pressures will also play a roll.
- We remain keen to increase our BHP exposure on any dips toward/below the $40 area, we are underweight currently.
MM is long and bullish BHP in both of our Flagship Growth and Active Income Portfolios
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