with fe at almost A$140 a tonne the bears are truly still on top
the stock still sits at 3.45 and on up days its tough work and down days its like going down a slide..just too easy
the bears have spread a huge amount of fear re fe and china and it has worked some of it may be justified some of it prob not
i do the simple math on earnings in nxt 12 months at spot and get over $1 per share eps yet we trade on a p/e of <3.5 times...for a stock that is growing earnings in double digits that is seriously pessimistic
the problem is analysts have fe in at 80/90/100 and aussie higher too...we are at the mercy of large hedge funds, black boxes and anything else given the almost $1bln bet on the stock in shorts at the moment
given the cash flow they are generating i would love to see a sale of 50% tpi and a nice healthy dividend to reward long suffering shareholders at the result (a cut in int rates in china would also help)
really am just about over the stock market!!!
- Forums
- ASX - By Stock
- FMG
- $3.50 on the cards
$3.50 on the cards, page-2
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Exceptional lithium assays uncovered at Falcon Lake – expanding mineralisation, big potential ahead
NEWS
Biotech innovator secures $5.5M R&D tax incentive refund – major boost for cutting-edge programs
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$16.66 |
Change
0.360(2.21%) |
Mkt cap ! $51.29B |
Open | High | Low | Value | Volume |
$16.50 | $16.74 | $16.31 | $150.0M | 9.072M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 600 | $16.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.67 | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 600 | 16.650 |
3 | 3854 | 16.620 |
6 | 123818 | 16.600 |
1 | 17431 | 16.590 |
1 | 15712 | 16.580 |
Price($) | Vol. | No. |
---|---|---|
16.670 | 40000 | 1 |
16.690 | 7146 | 2 |
16.700 | 4559 | 4 |
16.730 | 1000 | 1 |
16.740 | 12642 | 2 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |