You ask Baukaw for share advice? Obvious you haven‘t been around last 5 months, hehe, whatever he said the opposite turned up a few days later.
$6.43 price is ok if you hold at least until half yearly, probably even shorter. RIO is reporting next Wednesday, and whatever RIO‘s return is, just add 1% for FMG and you will see SP start rising again.
China will keep GDP at 6.5%+ and they need infrastrure spending going for another 4 years minimum. Just think you will have another 4 years of 2016. US$4B+ cash flow per year with MC of A$21B?
Don‘t worry about SP ST, think of this way, every FMG share you own, it‘s making 0.1% of your SP in cash flow EVERY DAY. There is no other company can do that ATM.
DYOR.
Frank.
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$22.30 |
Change
-0.185(0.82%) |
Mkt cap ! $69.21B |
Open | High | Low | Value | Volume |
$22.37 | $22.41 | $22.21 | $13.38M | 599.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1080 | $22.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.30 | 1971 | 14 |
View Market Depth
No. | Vol. | Price($) |
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9 | 2991 | 22.280 |
10 | 3521 | 22.270 |
12 | 7689 | 22.260 |
12 | 7951 | 22.250 |
13 | 10536 | 22.240 |
Price($) | Vol. | No. |
---|---|---|
22.290 | 1066 | 12 |
22.300 | 3471 | 15 |
22.310 | 4083 | 15 |
22.320 | 2816 | 11 |
22.330 | 2130 | 8 |
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