They may have been too honest in their quarterly - IMO. Other peers, you may have noticed, pretended that there would be no wet season impact on costs, and annualised the most recent quarter to get an annual target (unlikely). Also there is still a big capital outlay to come, 2.1b - so there goes the cash - lol - but in practice cash flow will be generated as the capital is outlaid.
I think first bearish impressions may be wrong in this case. FMG has had a good run too. I don't hold, but dart in and out from time to time.
fmg at key level. take profits or short., page-8
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |