Charlie Aitken says BHP is now genuinely cheap, believing that CEO Andrew Mackenzie will deliver

Livewire News

Charlie Aitken says BHP is now genuinely cheap, believing that CEO Andrew Mackenzie will deliver. The BHP earnings and dividend underestimation is a macro and micro issue. It starts with medium-term iron ore price forecasts that are too low: ditto oil/gas prices, is exacerbated by AUD/USD forecasts that are too high, while the cream on the underestimation cake is a lack of appreciation for BHP's +16% cu equivalent production growth over the next 2 years. Let's not even start on cost over-estimation or group margin underestimation.


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Australia iron ore equities charlie aitken

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