Finally some common sense shown by the broking/investment community.
If us little guys on Hot Copper can work out FMG is a screaming buy, you would think the investment gurus would come to the same conclusion.
Regardless of the IO price which has moved up and down over the years, you just have to look at the debt repayment. $12 million down to $2 million, over what, around 4 years? It seems like a no brainer.
Diversification will be a good thing for FMG. They have a lot of the infrastructure already and probably most of the know how.
Perhaps some of Fozzas meetings have helped as well. Well done mate!
UBS Upgrade to Buy, page-3
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |