Shares of BHP have found support just above $32.00 after Wednesday’s mixed full year profit report.
While total revenue rose 20% to US43 billion, cost will likely rise as the company lowered its productivity savings target for 2019.
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Still, we believe stable Iron Ore prices and strong energy supports BHP. Capital returns to underpin downside risks.In BHP.
BHP goes ex-dividend for 85.6 cents on September 6th.
BHP
