the reason FMG was never analysed while having such a massive rise and being the market darling for so long 3was because most brokers had BHP and RIO in their pockets as customers and it would damage their relations if they covered a competitor who was going to break up their control of the iron ore industry. thats why when the brokers had no choice but to review it (because FMG became such a large part of the index they couldnt ignore it anymore...) they came out with a negative rating. this is not speculation - i know this to be 100% true as someone that is an analyst. so yes - i can tell you that broker research is usually agenda driven.
congrats to FMG holders.
congratulations, page-16
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Last
$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B | |||
| Open | High | Low | Value | Volume |
| $18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45418 | $18.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |