BHP falling faster than Trevor Sykes’ credibility

Tuesday, 15 December 2015

BHP is still in free fall down another -1.6% to a new post-GFC low approaching $15s, RIO is down -0.2% and FMG continues to resist flat on the day despite now losing $412 million per annum.

Are you picking up some more of the this “red hot buy” today, Mr Trevor Sykes, as the firm prepares to shred its dividend?

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.