If all $500M is utilised for an acquisition the D/E would be at ~600%, which is high. Although from current NPAT it could be paid off in 6 years, not including income from acquisitioned royalties. The business model is strong, negative equity could be sustained with the right asset. Question is could they find another Area C style royalty to acquire at a reasonable price, given that they were a split entity to attain this current position.
Acquisitions aside, on a purely income driven analysis on the IO price, FMG presents a better position/return on IO price than DRR. IO low price in Oct 2021 presented a better buying opportunity with FMG than DRR, as FMG SP doubled since with same rising IO price that DRR is valued at, while DRR only increased 50%.
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Last
$4.79 |
Change
-0.005(0.10%) |
Mkt cap ! $2.532B |
Open | High | Low | Value | Volume |
$4.81 | $4.82 | $4.76 | $1.072M | 224.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 23459 | $4.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.79 | 2734 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 23044 | 4.780 |
23 | 15594 | 4.770 |
17 | 15301 | 4.760 |
12 | 34450 | 4.750 |
9 | 6449 | 4.740 |
Price($) | Vol. | No. |
---|---|---|
4.790 | 1864 | 16 |
4.800 | 19277 | 24 |
4.810 | 21425 | 17 |
4.820 | 25485 | 12 |
4.830 | 5445 | 9 |
Last trade - 14.06pm 27/05/2024 (20 minute delay) ? |
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Last
$4.80 |
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Change
-0.005 ( 0.05 %) |
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Open | High | Low | Volume | ||
$4.82 | $4.82 | $4.76 | 393894 | ||
Last updated 14.23pm 27/05/2024 ? |
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