RE: BHP/ Anglo American3 May 2024 10:16
Reader61, if you're looking for advice on trading BHP today, I can't offer any.
But if you are looking for an entry point to a long-term holding in BHP then these bid situation opportunities don't come up very often. I like to invest in companies that offer me an interest in their activities. BHP is the largest miner in the world and at the forefront of the application of technology as the world transitions towards clean energy. This stuff fascinates me and BHP covers it well in their 'insights' publications. Want to know about the practicalities of the transition, then read what BHP has to say. These are the guys at the coal face, not the idealists sitting at a keyboard.
I've held a stake in BHP for decades and I trade - both sides - as the opportunity arises. If you wish to build a holding then take a small stake today - large enough to minimise trading costs - and pound average over time. In 10 years time, whether you average in at £21 or £23 will be an irrelevance.
Incidentally, you could make a similar case for RIO or other large miners. Take a look at their portfolios and direction of travel, and pick one that appeals to your interests.