The fundamentals are affected by that $5B junk bond debt at high rates, its poison.
CS is taking their pound of flesh monthly
"It is the first time Fortescue has been net cash since it became an exporter in 2008, and marks a victory in its decade-long battle against a dangerously high debt load, which gave the company a near-death experience in September 2012 when iron ore prices suddenly slumped"
The BOD is risking the future by increasing divys & debt & their number 1 priority should be to -
GET RID of the DEBT!
FMG Technical Analysis, page-6810
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Last
$18.32 |
Change
0.220(1.22%) |
Mkt cap ! $56.89B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $122.1M | 6.644M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2079 | $18.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.33 | 3646 | 20 |
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| Last trade - 15.00pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |