At what price to buy?
I was too, only by the fact that FMG was under selling pressure for a number of reasons. Goldman Sacs lowered there target price to $15.50, (it may well get worried down to there, but I don't trust that organisation. I feel sure they will be buying above their recommendation price. BUT at the end of the day, for a yield of 12.7% FF I don't mind any possible short term over payment, as I feel the SP will rise again. Call it FOMO, but this is a long game for me. More of a concern is the down turn in Chinese economy for the short term, but FMG have free cashflow and are paying (still) a high FF dividend. The buyer / seller spread appears balanced. Greater than USD$100 per ton verses less than ~$20 cost. Prices can continue to fall, FMG are producing record output so the buying price to average down doesn't concern me too much. The way I look at it is teh SP will appreciate again, I won't be selling my holding while it is paying large FF dividends. I do recognise not everyone will have the same outlook.
Not investment advice just my perspective. Good luck
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Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B |
Open | High | Low | Value | Volume |
$16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5870 | $17.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.50 | 12148 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5300 | 17.480 |
1 | 1000 | 17.460 |
1 | 6609 | 17.450 |
4 | 6819 | 17.400 |
1 | 2500 | 17.350 |
Price($) | Vol. | No. |
---|---|---|
17.500 | 148 | 1 |
17.560 | 3333 | 1 |
17.600 | 2600 | 1 |
17.670 | 1000 | 1 |
17.680 | 593 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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