BP
Forgive me for my arrogance the market is concerned about gross debt not net debt
Net debt after paying back $700,0m in Sept was 33.00% but yet no credit upgrade, gross debt gearing of 30.00% will move the sp and credit rating
Interest cost of $3.10mt too high
Reduce this and the all up cost reduced further meaning that io price can fall but FMG will still be cash flow positive
If they need cash and balance sheet string with the assets they own they can always borrow again in worst case scenario
Large debt is why they were classed as risky
Now they have the opportunity to make major inroads with repayments, why wait no point at all
I doubt that io price will fall back to $50,0mt next month or next qtr
- Forums
- ASX - By Stock
- Ann: Debt reduction to continue as FMG recognised as lowest cost
BP Forgive me for my arrogance the market is concerned about...
-
- There are more pages in this discussion • 7 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
$15.88 |
Change
-0.320(1.98%) |
Mkt cap ! $48.89B |
Open | High | Low | Value | Volume |
$16.40 | $16.41 | $15.88 | $188.3M | 11.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 15657 | $15.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.89 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 4757 | 15.870 |
6 | 74490 | 15.860 |
31 | 55708 | 15.850 |
2 | 14604 | 15.840 |
2 | 36110 | 15.830 |
Price($) | Vol. | No. |
---|---|---|
15.890 | 2000 | 1 |
15.900 | 1600 | 2 |
15.940 | 2000 | 2 |
15.970 | 3000 | 1 |
15.980 | 89 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |