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1.56%

$18.97 fortescue ltd

If I miss out, I miss out, there will be other opportunities...

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Dabble010

4,242 Posts.

1463

22/07/24

08:28

Post #: 74850690
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Originally posted by WesTig: ↑

18 bucks! Wow, you drive a hard bargain Dab!

Mate,it's always such a conundrum, setting buy-in prices. At $21.62, it already has some of the most attractive yields & P/E numbers on offer for a quality Aussie company. However, of course, it could go lower.

But Dab, what happens if Fortescue Zero and Fortescue/Leibherr starts landing a stack of Elysia and ev truck and other mining equipment contracts, and suddenly the market twigs (humblest apologies for that appalling pun!), to the fact that Fortescue is no longer a pure play IO producer, but a diversied conglomerate specialising in massively in-demand decarbonising equipment?

There in lies the conundrum, Dab. If the SP starts rapidly heading back towards $30, At what point do you say "s@$t, I better jump on board this fast moving Infinity Train?" S21,62 price now seems like a distant bargain. Hmm, he said stroking his chin...I dunno and I ain't no share adviser, so I ain't gunna tell ya!

Whatever Dab, I hope you have a happy, prosperous new financial year! Wes

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If I miss out, I miss out, there will be other opportunities elsewhere I guess.

Last edited by Dabble010: 22/07/24

FMG Price at posting: $21.62 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $18.97		Change -0.300(1.56%)		Mkt cap ! $58.40B

Open	High	Low	Value	Volume
$19.01	$19.33	$18.71	$210.2M	11.07M

Buyers (Bids)

No.	Vol.	Price($)
1	1879	$18.95

Sellers (Offers)

Price($)	Vol.	No.
$18.97	39173	3

View Market Depth

No.	Vol.	Price($)
1	1879	18.950
1	500	18.930
1	1000	18.900
2	3156	18.800
3	1214	18.790

Price($)	Vol.	No.
18.970	4239	1
18.980	109331	4
18.990	19700	3
19.000	15940	5
19.010	82079	3

Last trade - 16.10pm 09/10/2024 (20 minute delay)

FMG (ASX) Chart

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