In the last half of 2018, we were confident that BHP Limited (ASX:BHP) would head towards $40. Now that it has achieved our target, can it continue to head higher? The chart for BHP Our premise for the $40 was based on BHP forming a very powerful charting set-up. During 2018, as BHP trading in the low $30’s, I noticed that it was holding in well under the key $35 level. This level was important because BHP had tried on …
BHP is returning the US $5.2b (A $7.2b) proceeds from the sale of its Onshore US assets to shareholders. The balance of the sale will be returned via the special dividend which is fully franked in January 2019. The reason BHP have chosen to do this buy back off market instead of buying shares on market is that the buy back allows the company to purchase the shares at a discount of up to 14 per cent to the market …
Michael Gable is an expert guest commentator for the Finance News Network, presenting “Stock Watch” each week – covering stock tips and shares on the Australian market (ASX). This video is dated 27 November 2017. Shares covered: (ASX:BHP), (ASX:IRE), (ASX:MIN), (ASX:AHG) Click on the image below to access the video on the FNN site: Current share prices available here. Did you like this video? Share this page on Facebook and Twitter! Sign up to our newsletter. It comes out every week and …
Michael Gable chatted with Peter Switzer on Tuesday 7 November 2017 on Sky News Business, about the Australian market (S&P/ASX 200) pushing through 6000 and shares his charts on BHP (ASX:BHP), National Australia Bank (ASX:NAB), and Woodside (ASX:WPL). Click the image below to view the video on SwitzerDaily: Michael Gable is managing director of Fairmont Equities. Sign up to our newsletter. It comes out every week and its free! Disclaimer: The information in this article is general advice only. …
Brokers are once again bullish on BHP (ASX: BHP), despite the shares underperforming the market during the last couple of weeks. Twelve-month targets average near the $30 mark, suggesting some decent upside from here. However, do we need to be worried about BHP’s recent underperformance? What do the charts say about BHP? Is $30 a realistic target, or are we going to see the share price continue to slide? One interesting feature of BHP that we noticed is the way …