Well the market completely lost the plot today, especially with RIO.
Based on earnings 2 years into the future (FY24), which is well beyond the current buoyancy in iron ore prices, RIO trades at a forward multiple of 7.8x which considering there isn't an oversupply issue is just too low... and the best price RIO has traded at since 2012... when there was an oversupply issue.
FMG at 8.4x is pretty much as best it has gotten in recent history (longer term data is too hard to view as FMG hasn't had the business maturity of of company like RIO).
Sorry I couldn't post this during the day, I was too busy rearranging derivative positions to BUY!
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B |
Open | High | Low | Value | Volume |
$21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9803 | $22.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.11 | 10620 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 22.090 |
1 | 1400 | 22.060 |
1 | 2500 | 22.050 |
1 | 135 | 22.030 |
3 | 1485 | 22.010 |
Price($) | Vol. | No. |
---|---|---|
22.110 | 6540 | 1 |
22.130 | 107 | 1 |
22.150 | 1623 | 2 |
22.160 | 455 | 1 |
22.180 | 1850 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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