Brilliant indepth analysis by Fozza because it looks at all aspects - supply and demand and the cause and effects inherent within. In 2010 I was in china and was told that 4% of the population were middle class - big deal I thought until I realised that 4% was 52m people. I guess that is now 100+m people. And that 100m is a larger proportion of middle class then europe or america - so the driving force, especially from within a competitive community such as China, propels china forward. Notwithstanding that large scale manufacturing (trains and boats and trucks and heavy equipment, etc) eats iron and steel. Add in a huge highly educated workforce tendering for overseas contracts on a highly competitive scale and there are few limits.
For me FMG is a tightly run operation - it's not ponderous and not trying to stick its finger in too many pies and it's not coming unstuck. I'm very comfortable with how its run as opposed to how BHP and RIO have staggered. I'm happy for FMG to remain under the radar and collect 10% div (hopefully).
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Last
$18.63 |
Change
0.320(1.75%) |
Mkt cap ! $57.36B |
Open | High | Low | Value | Volume |
$18.48 | $18.77 | $18.35 | $132.7M | 7.156M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 26 | $18.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.64 | 7889 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 26 | 18.620 |
1 | 30 | 18.610 |
3 | 6026 | 18.600 |
1 | 100 | 18.590 |
3 | 2686 | 18.570 |
Price($) | Vol. | No. |
---|---|---|
18.640 | 7889 | 2 |
18.650 | 600 | 2 |
18.660 | 1071 | 1 |
18.670 | 21539 | 3 |
18.700 | 54814 | 7 |
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