If all $500M is utilised for an acquisition the D/E would be at ~600%, which is high. Although from current NPAT it could be paid off in 6 years, not including income from acquisitioned royalties. The business model is strong, negative equity could be sustained with the right asset. Question is could they find another Area C style royalty to acquire at a reasonable price, given that they were a split entity to attain this current position.
Acquisitions aside, on a purely income driven analysis on the IO price, FMG presents a better position/return on IO price than DRR. IO low price in Oct 2021 presented a better buying opportunity with FMG than DRR, as FMG SP doubled since with same rising IO price that DRR is valued at, while DRR only increased 50%.
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Last
$4.05 |
Change
0.090(2.27%) |
Mkt cap ! $2.101B |
Open | High | Low | Value | Volume |
$4.06 | $4.06 | $3.96 | $4.993M | 1.244M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 32051 | $4.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.05 | 38236 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
62 | 52423 | 4.030 |
34 | 91856 | 4.020 |
17 | 75505 | 4.010 |
20 | 160948 | 4.000 |
14 | 32904 | 3.990 |
Price($) | Vol. | No. |
---|---|---|
4.040 | 36940 | 50 |
4.050 | 52230 | 26 |
4.060 | 62957 | 15 |
4.070 | 40817 | 10 |
4.080 | 16705 | 9 |
Last trade - 13.42pm 11/07/2024 (20 minute delay) ? |
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