70 then 66 were resistance on IOP so will be support points this time, we will see.
Either way, FMG have had a 12 month bonanza margin 75-13 !
The FCF is massive and even at 60 its massive.
As for the SP on TA,
strong daily chart rebound pattern, closing near daily highs 3.94 to 3.98
4.00 clearly a resistance point as I pointed out months ago.
This 2 week downtrend is still in the monthly flooring pattern of 3.75-4.30
4 year lows at 3.60 which i correctly called as the lows and buy from there.
normally a 70c -$1.50 rise annually from annual lows on prior annual charts usually at divvy time but not this time.
BB team working hard as just announced buying back loads of cheap shares at 3.80-4.00 at $10M per day looks like, great job & great decision. Every day the FMG share register gets tighter and tighter with these shorters getting skinter and skinter with less liquidity to trade with.
FMG highly undervalued on fundamentals PER LVR and FCF ratios imho.
Next 1-2 years it will be secured debt free at this rate of FCF.
BURN those shorters BURN!
70 then 66 were resistance on IOP so will be support points this...
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Last
$21.86 |
Change
0.070(0.32%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 705 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.88 | 1359 | 3 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |