there is no other way FMG will have to raise capital to survive as the NPAT ratio to debt is too high,very similar
to asciano a few years ago they did a $2.5b raise at $1 so 2.5b more shares on issue for total of about 3.5b shares
asciano then did a cosolidation sent the sp up to $4.50.
FMG npat of $1,559b to debt of $8.5b is unsustainable,they simply cannot pay it.
plus its no fluke the sp has ripped down from $6 since chanos canned it.
once the shorters really step in ive got no doubt this will see sub $1 unless FMG steps in before the end of next week & raises cash.
- Forums
- ASX - By Stock
- FMG
- fmg the lehman of the commodities bubble?
fmg the lehman of the commodities bubble?, page-55
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$18.24 |
Change
-0.250(1.35%) |
Mkt cap ! $56.34B |
Open | High | Low | Value | Volume |
$18.46 | $18.61 | $18.22 | $89.60M | 4.874M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7055 | $18.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.28 | 27809 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7055 | 18.240 |
5 | 11370 | 18.230 |
10 | 25689 | 18.220 |
3 | 50603 | 18.210 |
25 | 13563 | 18.200 |
Price($) | Vol. | No. |
---|---|---|
18.280 | 27809 | 2 |
18.300 | 2770 | 1 |
18.310 | 167 | 1 |
18.320 | 1244 | 2 |
18.340 | 15394 | 1 |
Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |