this struck me as overly optimistic.
but heck.
P/E = 5.97
dividend yield 13.1%
good strategic moves via R&D and moves towards carbon neutral operations. I used to be a cynic on that front, seeing practical and economic progress with even China having a demonstrated blue skies / clean air policy tells me there is good value in this positioning.
I think the forecasts of increased production coming online to meet demand are overstated, then add the increasing pressure towards 'carbon neutral' supply chains.
https://www.copyright link/markets/commodities/cba-fitch-latest-to-forecast-iron-ore-price-decline-20210216-p572sc
https://tradingeconomics.com/commodity/iron-ore
- Forums
- ASX - By Stock
- FMG
- Rhinehrart Lieutanant warns MPs to prepare for Iron Ore price fall
Rhinehrart Lieutanant warns MPs to prepare for Iron Ore price fall, page-23
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$17.01 |
Change
-0.330(1.90%) |
Mkt cap ! $52.37B |
Open | High | Low | Value | Volume |
$17.25 | $17.30 | $16.98 | $102.9M | 6.018M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 108939 | $17.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.05 | 1750 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 108939 | 17.000 |
12 | 9284 | 16.990 |
12 | 10554 | 16.980 |
8 | 12782 | 16.970 |
9 | 21427 | 16.960 |
Price($) | Vol. | No. |
---|---|---|
17.050 | 1750 | 1 |
17.090 | 22040 | 2 |
17.100 | 1295 | 2 |
17.120 | 23369 | 3 |
17.130 | 9999 | 1 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |