Hi all.
I am enjoying the bounce. A short few months ago I kept saying that FMG was worth $30 per share and I was belittled mercilessly by the shorters who had taken up residence on Hotcopper. They kept quoting analysts with price targets of $11 which was obviously absurd.
Now those shorters are nowhere to be seen but Motley Fool is saying FMG is worth $50 per share. I am enjoying the extra shares I bought at $14.90 and will not be selling. Personally I think $50 per share is a bit high but I definitely agree that FMG shares have a way to run up yet based on their balance sheet, earnings and expected growth.
Let the good times roll.
Happy new year.
Iron ore price, page-42469
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Last
$18.10 |
Change
-0.340(1.84%) |
Mkt cap ! $55.72B | |||
| Open | High | Low | Value | Volume |
| $18.33 | $18.39 | $18.08 | $121.3M | 6.626M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $18.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.14 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |