The one thing that could bring FMG down is its huge debt levels. One common theme for all the companies that went under in 2008 was high debt levels destroyed companies (ABC child care AFG, BNB are a few of them)
FMG have total liabilities of $11.3B (from the FY2012 presentation) They have a market cap of roughly the same amount. With Iron ore prices tumbling like they are FMG could be at the mercy of the market...
DYOR
andrew forrest buys $20m, page-38
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Last
$19.17 |
Change
-0.020(0.10%) |
Mkt cap ! $59.02B | |||
| Open | High | Low | Value | Volume |
| $19.22 | $19.41 | $19.13 | $134.6M | 6.997M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52 | $19.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.20 | 1239 | 2 |
View Market Depth
| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |