Geez - market is a hard task master to please. Its amusing to me that only good news is priced into the share price and not bad news - even though all and sundry is predicting iron ore prices back below $60 - which means every time we get a 5% price drop in ore prices we lose 15% in share price!!
Anyway my two cents is they'll Clear the remainder of the 900mil and 500mil debts by end of financial year, beef up dividend payments and refinance high cost debt next year to retain some borrowings which is prudent.
Ann: Fortescue announces US$1.0bn repayment of 2019 Term Loan, page-13
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |