Dwuuu is all over the shop. Dont pay much attention. FMG pays out 80% of its earnings or thereabouts as dividends. FMG has debt but it has more cash than debt. It is in a net cash (ie no debt and cash in the bank) position in that it's cash holdings are much higher than its debt.
FMG has risks but not the risks outlined in dwuuu's post. The greatest risks are FMGs product grade and the implementation risk associated with the IBO project. Dwuuu didn't even mention those indicating he does not understand the company he is just ranting.
The iron ore price is a risk all iron ore miners face and the Evergrande default risk puts uncertainty into the industry but as an extremely low cost producer with such a strong balance sheet FMG is well placed to ride out a downturn.
Charts are another thing entirely. The short term charts reflect the iron ore price movements.
- Forums
- ASX - By Stock
- FMG
- $5 !
$5 !, page-5
-
- There are more pages in this discussion • 84 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
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B |
Open | High | Low | Value | Volume |
$20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 38056 | $20.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.15 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 38056 | 20.090 |
1 | 7000 | 20.080 |
1 | 1943 | 20.070 |
1 | 5000 | 20.050 |
1 | 500 | 20.040 |
Price($) | Vol. | No. |
---|---|---|
20.150 | 20000 | 1 |
20.160 | 11740 | 2 |
20.170 | 18660 | 2 |
20.180 | 72346 | 3 |
20.190 | 47315 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |