Agree @rcman.
On a side note followed your advice and wrote to Investor Relations and got a response from Stu. Must say i was super impressed.
Not only is FMG #7 out of 2300 listed ASX on a fwd Acquirers Mutiple with +23%, if IO holds $65 fe ytg, guidance is hit and even with 30% discount in 2 quaters it will have only 58m in debt. Amazing turn around. EBITDA will drop c300m yoy but still over 4b and 8.8% fully franked yield.
Total madness the price at the moment. We are nearly trading near Net Tangible Assets per share !!! Such a great buying opportunity if you follow Ben Graham principles.
I expect to see $2.9b cash position this Thursday.
Iron ore price, page-3755
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Last
$19.98 |
Change
-0.160(0.79%) |
Mkt cap ! $61.51B | |||
| Open | High | Low | Value | Volume |
| $20.33 | $20.39 | $19.95 | $158.1M | 7.862M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5999 | $19.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.02 | 555 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |