"I see it dropping down to about $15 two weeks before pay out then after pay out it will get back to the $25 to $27 range again.Normal course of events going on at present."
And why would it go back to $25 (never seen $27), unless you are talking 5 years from now when FFI might see profits.
Fundamentals also have an influence on the SP, not just history.
There is nothing I can see that would make IO do such a sharp reversal to justify FMG @ $25 anymore.
IO prices are coming back to normality and will stay there, although how low that normality will be is currently anybody's guess.
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$21.71 |
Change
-0.190(0.87%) |
Mkt cap ! $66.84B |
Open | High | Low | Value | Volume |
$21.77 | $21.80 | $21.34 | $408.6M | 18.51M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 289875 | $21.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.72 | 95078 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 284888 | 21.680 |
1 | 1 | 21.660 |
1 | 200 | 21.630 |
4 | 179699 | 21.620 |
5 | 124544 | 21.610 |
Price($) | Vol. | No. |
---|---|---|
21.720 | 72320 | 2 |
21.730 | 12341 | 3 |
21.740 | 234670 | 3 |
21.750 | 66245 | 8 |
21.760 | 16520 | 2 |
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