Comedy Gold!
FMG Net profit for Dec is circa $940m, this is based on a Ave Seabourne IO 62% price of $155.76
The Jan average to date is $169.5 an increase of ~ 8.8%
Assuming corresponding rise in profit we are tracking over $1B probably closer to $1.1B for the month.
The fundamentals all point to sustained prices at these levels or an increase in prices.
- Reduction in supply especially Brazil
- Increasing documented production and demand globally for steel
Plus now we have the means & plan to become a much bigger more diversified company making green steel.
At these prices I am selling other stock and buying more obviously
Comedy Gold! FMG Net profit for Dec is circa $940m, this is...
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Last
$18.33 |
Change
0.360(2.00%) |
Mkt cap ! $56.43B | |||
| Open | High | Low | Value | Volume |
| $18.11 | $18.49 | $18.10 | $176.9M | 9.659M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 78 | $18.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.35 | 100000 | 2 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |