This diversified resources goliath now has a market cap of GBP70bn and employs well over 80,000 people, post COVID the stocks more than tripled providing an excellent “paper profit” for MM in the process. The stocks paid a 5.57% yield over the last 12 months which makes giving the position some room far easier even if we do see a decent dip short-term.
- We can see a pullback short-term but this is one position MM doesn’t want to lose through being too pedantic.
MM is bullish GLEN medium/long term
Add To Hit List
