I never said a share should earn a cash rate if that were the case fmg would be $28/share, I simply pointed out that even if you paid $7 for your stock, you would still be earning 4 times what you earn with cash, so I couldn't see how $5.50 was grossly over valued.
do you not agree that a $1 earning 25%, is worth more than a $1 earning 12.5% or 3%?
Iron ore price, page-837
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Last
$16.13 |
Change
-0.070(0.43%) |
Mkt cap ! $49.66B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.47 | $15.93 | $188.9M | 11.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3323 | $16.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.15 | 750 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |