Famrboy please tell me how you have survived the massacre today whereas BCI and AGO are the pits. I so wish I had FMG instead.
Oh dear, as L&See said, don't sweat. The whole market was all over the place today, and if you were watching a one minute chart at 12:45 you would have seen a few very sharp moves on the PMI release. The $A dropped half a cent instantly. I did not do a calculation to see what that's worth to FMG, but it would be a bit.
In the case of FMG today looks as normal as peas in a pod on a daily chart. It now has a very solid floor under it.
On your prompt I have just looked at a performance comparison on BCI, AGO, and FMG.
If you bought $100 worth of all three exactly a year ago, this is where you would be now;
BCI = $135 FMG = $119 (not incl div) AGO = $63
If you bought all three 30 days ago, this is how you would look;
BCI = $105 FMG = $110 AGO = $101
If you bought five years ago, this is the return now;
BCI = $1315 (that's right) FMG = $221 AGO = $86
If you bought ten years ago, this is it;
BCI = $983 FMG = $8632 (that's right) AGO = $376
From that we can deduce that AGO is the worst by far. FMG has been an absolute goldmine, and BCI is closing the gap fast.
I hope this helps.
On another matter altogether. Bell Potter, who have long been great supporters of FMG, have today switched from UBS to Citi for their external advice. What UBS will do with its fairly large holding in BFG is not known yet.
Citi is also supportive of FMG.
FMG Price at posting:
$5.87 Sentiment: Buy Disclosure: Held
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