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.
Those retained earnings - or more correctly cash (which differs)...
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Last
$20.35 |
Change
0.000(0.00%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.47 | $20.68 | $20.28 | $96.30M | 4.714M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.35 | 20500 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |