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BHP, Rio could yet deliver surprises.(BHP Billiton Ltd. and Rio Tinto Ltd., share prices)(Brief Article)
Australasian Business Intelligence, February, 2005 by Hall, James
Feb 20, 2005 (The Australian Financial Review - ABIX via COMTEX)
Shares in Australian mining companies, BHP Billiton and Rio Tinto, rose to record levels after both announced record results. At the same time, both stocks are trading at relatively low forward price-earnings ratios: BHP Billiton is at 15.59 times and Rio is at 13.09 times. According to Rob Patterson of Argo Investments, the issue is commodity prices and whether they will stay at their present high level. His views are supported by Mark Himpoo of Merrill Lynch Investment Managers. He says suppliers are at full production and growth can only come from demand.
Publication Date: 21 February 2005
BHP BILLITON LIMITED - ASX BHP:
RIO TINTO LIMITED - ASX RIO:
ARGO...
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