The Chinese would be looking at an capital/turnover ratio of about 2. That's like a price/sales ratio for a company. BHP's p/s for example is currently 3, so 2 is in a reasonable ball-park.
Iron ore is already back into bull market territory, and if the Chinese are serious about Belt and Roads then $3.7B is barely small change. For China Railway in particular to guarantee supply for the B&R infrastructure - rather than leaving itself at the mercy of the market - makes a huge amount of sense. Just look at how BHP and co have gouged the market in past years, and it's not just sensible, it's essential.
Will B&R actually happen? I don't know. But Xi Jinping is on a massive power trip, and like various power-hungry leaders of the past he won't care about whether conditions are good for everyone at home before he embarks on foreign adventures. IRD certainly looks like an interesting adventure!
- Forums
- ASX - By Stock
- IRD
- Andrew Stocks Washington Post
Andrew Stocks Washington Post, page-3
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IRD (ASX) to my watchlist
|
|||||
Last
7.6¢ |
Change
0.001(1.33%) |
Mkt cap ! $63.24M |
Open | High | Low | Value | Volume |
7.6¢ | 7.6¢ | 7.6¢ | $325 | 4.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 720 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.7¢ | 93966 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 720 | 0.076 |
1 | 47060 | 0.075 |
1 | 41666 | 0.072 |
1 | 42253 | 0.071 |
1 | 42857 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.077 | 93966 | 1 |
0.084 | 15032 | 1 |
0.085 | 44045 | 1 |
0.090 | 44247 | 1 |
0.120 | 5000 | 1 |
Last trade - 15.34pm 19/07/2024 (20 minute delay) ? |
Featured News
IRD (ASX) Chart |