I'd love to buy more FMG aggressively as long term it has hit my "undervalued point" at the current price of Iron Ore.
I also believe the Australian fund manager community has got FMG all wrong.
It is not an energy company
It's core business is extracting iron ore and selling it with the largest margin possible
So I don;t understand why the SP hasn't gone up due to the recent announcement they will spend less on Green energy
Then I find out its a huge International mining fund manager doing the selling?
They wouldn't care less about Mr Forrests environmental beliefs. Green Hydrogen woudl be a side show for these guys...
All they would care about is the future of the IO price and FMG's ability to make money out of mining it
So this make be less bullish
I don't like it when huge fund managers whale into selling a stock
It makes my "buy" sentiment cautious.
Just MO/NA
Ann: Dividend/Distribution - FMG, page-314
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Last
$17.93 |
Change
-0.195(1.08%) |
Mkt cap ! $55.08B | |||
| Open | High | Low | Value | Volume |
| $17.90 | $18.05 | $17.75 | $53.85M | 3.007M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 815 | $17.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.93 | 2303 | 8 |
View Market Depth
| Last trade - 11.50am 12/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |