I agree. I think that right now FMG is excellent long term value but we could easily see lower share prices short term to buy in to.
However. Twiggy is smart. We are now nearly midway through the half and the company cash balance is building towards yet another bumper dividend. He does have the option to use the cash for a buyback instead of a dividend if the share price drops too low.
Iron ore price, page-39414
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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 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |