Those retained earnings - or more correctly cash (which differs) - feed into FMGs valuation. CAPM theory would assume that fmg makes a cost of capital return on this through time.
Spaza remains obsessed with spot earnings without acknowledging that a year of FMGs earnings is required within a few years merely to maintain production. Still also ignoring that most LT iron ore price predictions are south of $60/t.
The market isn't ignoring the fundamentals, Spaza and blackeyed are.
Iron ore price, page-612
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Last
$22.45 |
Change
-0.140(0.62%) |
Mkt cap ! $69.13B | |||
| Open | High | Low | Value | Volume |
| $22.46 | $22.51 | $22.35 | $40.32M | 1.737M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2042 | $22.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.46 | 4622 | 24 |
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| Last trade - 12.03pm 17/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |