FMG 2.31% $22.61 fortescue ltd

Iron ore price, page-21203

  1. pp
    2,336 Posts.
    lightbulb Created with Sketch. 55
    yes I did read $73 realised price somewhere in announcement..so I had some
    errors in numbers but I guess 7 billion is still extra ordinary nUmber
    not good at financial figures but PE is what I usually see in financials to buy with cash on hand.. FMG PE 5 is half of what considered good as 10 to 12 PE..
    would This make good buy with 10 PE... may be yes.. would this be called up ramping... I don’t know but I see most of the companies trading at around 12 PE

    Last edited by pp: 04/05/20
 
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