Based on the current price of FMG (3.97), the market has more than priced in the drop in iron-ore price.
In fact, FMG is way oversold, considering that:
1. BHP and RIO is only down around 0.8% today (as at 11:15AM).
2. AGO has gone up 1.24% (as at 11:15AM).
I think the current price 3.9x represents a good value.
Its ready to rebound on any positive news from the market!
Hopefully the shorters won't get burnt on any sudden news from the market.
- Forums
- ASX - By Stock
- FMG
- Ann: Agreement for Construction of Very Large Ore Carriers
Ann: Agreement for Construction of Very Large Ore Carriers, page-18
-
- There are more pages in this discussion • 63 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
|
|||||
Last
$21.61 |
Change
-0.430(1.95%) |
Mkt cap ! $66.50B |
Open | High | Low | Value | Volume |
$21.61 | $21.75 | $21.48 | $127.1M | 5.694M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 14939 | $21.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.62 | 3295 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 11925 | 21.620 |
19 | 10203 | 21.610 |
24 | 10602 | 21.600 |
14 | 9259 | 21.590 |
27 | 21828 | 21.580 |
Price($) | Vol. | No. |
---|---|---|
21.630 | 4106 | 19 |
21.640 | 6117 | 23 |
21.650 | 8649 | 20 |
21.660 | 10032 | 17 |
21.670 | 15228 | 12 |
Last trade - 14.21pm 19/07/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |