We're seeing diversification with FFI being allocated 10% of NPAT for investment, this is not something that will happen overnight.
The challenge FMG have is that any investment needs to be:
a) Of a substantial scale (I can't ever see FMG aggregating small mines)
b) Have a sufficient ROI that does not reduce the ROE of the company
BHP and RIO both learned very valuable lessons during the last super cycle regarding throwing cash at overpriced assets.
We're seeing diversification with FFI being allocated 10% of...
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |