Where is BHP Group (BHP) a buy?
With the BHP share price down 10%+ over Jan/Feb, at what price is it a buy? Regards
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Answer
Hi Cameron,
We discussed this subject in Thursday’s What Matters Todays Report, with iron ore struggling over the last week, at MM we aren’t planning to increase our BHP position unless we see the “Big Australian” back below $40, or another 10% below where the stock was trading on Friday – it spent time there in 2020,2021 and 2022 so its not out the question.
However, being that pedantic is due to our existing ownership of the stock. If we did not own, we would likely start accumulating around current levels, leaving room to top on further weakness.
BHP goes ex-dividend $US72c fully franked over the coming weeks.
