Should be 1.20-1.40
But I say pay down the debt first and keep it at 1.00
That poisonous yankee junk bond debt is dangerous, still $3.8B of it
With cash of $5B+ as at 30 Sept and $6B inflows this quarter minus 1-2-3 leaving still $5B+ by 31 Dec, they can easily pay off the whole lot and dump the junk bond debt at high rates once and for all.
Who thought in May during virus lockdowns globally that FMG would have this result or an IOP at 133?!
No one.
Take advantage now, once the debt is gone, FMGs shackles will finally be released.
FMG - 2021 Interim Dividend, page-3
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 (20min delay)
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Last
$26.32 |
Change
0.660(2.57%) |
Mkt cap ! $81.03B | |||
| Open | High | Low | Value | Volume |
| $25.92 | $26.32 | $25.83 | $102.7M | 3.931M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5850 | $26.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.32 | 12010 | 3 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$26.19 |
Change
0.660 ( 1.76 %) |
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| Open | High | Low | Volume | ||
| $25.92 | $26.29 | $25.84 | 1287651 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| FMG (ASX) Chart |