"I see it dropping down to about $15 two weeks before pay out then after pay out it will get back to the $25 to $27 range again.Normal course of events going on at present."
And why would it go back to $25 (never seen $27), unless you are talking 5 years from now when FFI might see profits.
Fundamentals also have an influence on the SP, not just history.
There is nothing I can see that would make IO do such a sharp reversal to justify FMG @ $25 anymore.
IO prices are coming back to normality and will stay there, although how low that normality will be is currently anybody's guess.
Declaration Date ???, page-11
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Last
$21.86 |
Change
0.070(0.32%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 705 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.88 | 1359 | 3 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |