Shot a hole in your number?
'>>..My calc shows them to be worth 70 cents a share if their EBITDA drops to $1b pa which it will ,if prices hold at $ 90 a tonnes..."
no need to shoot a hole as it doesn't even make sense, at 70cts a share the market cap with be 2.1b. If the EBIDTA sits at 1b, the the PE ratio is an amazing 2.1!
If you had done some homework and reading, u may have noted that landed costs for FMG on record, yes on public record, enforceable by ASIC is 50/t with some $18 in tax and depreciation, depreciation is an accounting cost and tax would proportionately decrease with less profit..so if IO sits at 90, I don't believe there is an issue.if IO hits $70, then I'll start losing some sleep....so there, eat your heart out
Get out now, page-4
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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 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |