BHP still looks very capable of testing its 2021 high and considering we reduced our holding from 9% to 6% around the $47 area we feel comfortable giving the position a little room plus an attractive fully franked dividend is looming less than 3-weeks away. We hold BHP in both the Flagship Growth & Active Income Portfolio’s.
NB: BHP have reported 1H22 results this morning that are strong in terms of profit (~8% above our expectations) and a dividend of ~A$2.10 which is significantly above both MM & the markets expectations.
MM is neutral / bullish BHP around $49
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