Someone likes FMG
DJ Value for Investors amid Fortescue Strategy Shift, Bell Potter Says -- Market Talk
18/02/2015 2352 GMT --
[Dow Jones] Fortescue Metals Group Ltd. (FMG.AU) is shifting its energies from aggressive expansion to a painstaking push for efficiency, notes Bell Potter, which thinks there's value in the stock for investors despite an iron-ore market slump.
"We expect unit costs to trend lower as efficiency gains are realized," it says. "We expect FMG to remain cash-flow positive and service its relatively high debt levels, despite the current weakness in iron-ore markets." Bell Potter has a Buy rating and a A$3.80 target on the stock, which trades down 3.1% at A$2.47. ([email protected]; Twitter: @RhiannonHoyle)
Ann: FY15 Half Year Results Presentation, page-181
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B | |||
| Open | High | Low | Value | Volume |
| $18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45418 | $18.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |