Yes, the run to low 7s was a great opportunity.
My valuation range is $3.3-5.8 so getting closer to closing out around the mid point of that range (mid $4s) where risk/reward balance.
That said, the discount pressure on FMG appears to be growing, the stockpile in China is huge, spot price is weakening and scuttlebutt around FMG for some time has been increased costs.
Hard one to get exit right.
fmg and fe, page-1172
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Last
$19.49 |
Change
0.320(1.67%) |
Mkt cap ! $60.00B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.51 | $18.92 | $114.2M | 5.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 5200 | 4 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |