"UNDER THE SOUTHERN CROSS
Thursday June 2, 2011
By the Southern Cross Equities team as edited by Charlie Aitken
In this edition:
? Under the Southern Cross...Data denial ends...FMG...Reiterate buy $12.00 -$18.00 three year price target"
Charlie Aitken has long been a supporter of Andrew Forrest & he has been proven correct in backing this visionary CEO. He has made himself rich & his shareholders richer. From being considered a joke by the wise investment community, FMG can no longer be denied. Their expansion plans are on track & their goal to be larger iron ore miners in Australia than both RIO & BHP are looking more & more real. The expression of 'delusions of grandeur' are no longer bandied about.
Twiggy is wise enough to see that a new skill set is required to advance this phase in FMG's evolvement & has stepped aside to make way for those skills. I personally am very relaxed in his choice of CEO & applaud his taking the role of Chairman.
I certainly don't discount Charlie's target prices as wild exaggerations, if anything I think they may prove to be conservative. I hope that current holders can weather the financial storm at the moment to see those better days ahead.
"UNDER THE SOUTHERN CROSSThursday June 2, 2011By the Southern...
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Last
$19.40 |
Change
0.515(2.73%) |
Mkt cap ! $59.36B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.47 | $18.97 | $84.18M | 4.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 3377 | $19.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.40 | 18589 | 19 |
View Market Depth
| Last trade - 15.37pm 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |