With all stocks it is whether you think it will be higher priced going forward.
My take on FMG is its earnings have been strong for many years now,its debt lebel is low and long dated,its operations are in a very stable geopolitical Country and that Country has mandated that 11+% of Australians wages
must be invested every year,which means a decent % will find its way to Asx stocks,thus providing base ever increasing.
It has been dynamic and is increasing production every year and hands back a larger than its peers % of profits to its owners.
Add in the potential of FE for diversification and earnings growth in 5 -10 years.
Thats why im a FMG bull.
NFA DYOR
Gordy
With all stocks it is whether you think it will be higher priced...
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Last
$21.71 |
Change
-0.190(0.87%) |
Mkt cap ! $66.84B | |||
| Open | High | Low | Value | Volume |
| $21.77 | $21.80 | $21.34 | $408.6M | 18.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 289875 | $21.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.72 | 95078 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |