with the latest FY result, fmg will not "tank" as much as in the past ,with any IO price decline.that said,the way the entire sector is going is a bit worrying.i suppose the big plus with fmg,regardless of that huge debt hoodoo most punters first associate with fmg,whether justified or not,is actually the upside-namely the very low PE.
another huge problem with fmg holders are that they seem to be oblivious to making far easier and safer returns if they just stop kidding themselves .
cheers crazypunter
Are BHP, Rio and FMG stupid, page-27
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Last
$18.19 |
Change
0.090(0.50%) |
Mkt cap ! $55.72B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.38 | $18.17 | $20.20M | 1.068M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1699 | $18.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.19 | 1892 | 10 |
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| Last trade - 10.15am 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |