Frank
I totally agree, but just trying to justify that FMG is undervalued even taking a pessimistic view, and that the sp must sooner or later start to reflect the fundamentals, rather than the value that the speculators and market manipulators are having the market believe.
The mantra was that FMG is debt ridden and could fail, what is their view now?
Are they going to be critical of best of class management that has taken the risk factor off the table by reducing costs and increasing operational efficiencies.
When do you think Standard & Poors and Moodys will review FMG again, after the next debt payment?
What then for the sp?
"Min US$2.5B debt repayment this FY will bring down Net Debt to US$2.7B and Net Debt Free by end of FY17-18"
I think your on the money, hazard a guess as to the sp at end of 2018?
Repost - Query concerning FMG cost coverage and breakeven, page-26
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$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |