Invast Investment Committee

BHP under promises and over delivers - For us, BHP is the most attractive mining company in the world and currently trading on an undemanding price to earnings ratio of around 13-14x depending on which estimates are used. Invast published a report yesterday calling a major rally in material stocks and we think BHP is right on the top of our priority list in terms of buying opportunities. The link to the report is contained below. There is nothing in this quarterly to suggest BHP is becoming complacent in its capital management either which means the balance sheet is likely to improve by a large factor over the next two years. Link to complete report (VIEW LINK) - Link to our report on the mining space ((VIEW LINK).


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