FMG has way too much debt simple must raise capital.
which would mean twiggy loses considerable control.
debt of $8.5b to net profit $1.5 is huge ratio of
5.5 to 1.
i say 1b shares at $2.50 will be the raising but the unknown is twiggy wont have the money to pay to bail himself out which would be abot $850m which the shorters
would know.
i may be wrong but some companies that were bankrupted had less debt ratios.
News: S&P puts FMG on credit watch , page-44
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Last
$19.50 |
Change
0.620(3.28%) |
Mkt cap ! $60.03B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.50 | $18.97 | $134.1M | 6.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $19.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 30744 | 25 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |