I do not believe in these candles, vases and flowers. The fundamentals are a better way to value the stocks. But I do look at the history to assist me to arrive to a correct valuation. So lets look at a bit of recent history from the charts. IOP picked around 01/07/19 being $124.00. The SP was around $9.00.( that was an good time to buy, but I missed that as I was not following FMG at the time). then it picked around 09/09/20 again being $125. The SP was around $17.00.( fair value) It was around $127 on 08/10/21 and the SP was around $14.00.( good value and I bought a lot). Today the the IOP is slightly lower at $120, but the SP is $20 +. I believe it's overpriced today. It may even run to $22+, but will come down after the next dividend. I believe it will come down by a lot more than the next dividend payment. All IMHO.
I do not believe in these candles, vases and flowers. The...
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |