BHP had a terrible week falling ~16% after announcing FY21 results, the unification of their structure, the proposed spin-out of their Petroleum division to Woodside and a large Potash investment all at a time when the Iron price collapsed and is now down ~30% from its 12 month high.
On Friday I sat down for a quick ~10min chat with our Analyst, Peter O’Connor from Shaw & Partners to get his take.
I also recently discussed BHP and other Australian mining resources in this wire.
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James is Portfolio Manager & Primary Author at Market Matters, a daily investment report with over 2500 subscribers that offers real market insight. He is also Senior Portfolio Manager within Shaw and Partners heading up a team that manages...