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.
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Those retained earnings - or more correctly cash (which differs)...
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Last
$16.03 |
Change
-0.170(1.05%) |
Mkt cap ! $50.61B |
Open | High | Low | Value | Volume |
$16.23 | $16.47 | $15.95 | $106.2M | 6.146M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 5788 | $16.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.04 | 6928 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 3314 | 16.040 |
21 | 12546 | 16.030 |
18 | 10885 | 16.020 |
15 | 12689 | 16.010 |
24 | 21254 | 16.000 |
Price($) | Vol. | No. |
---|---|---|
16.050 | 9642 | 20 |
16.060 | 8091 | 14 |
16.070 | 10734 | 16 |
16.080 | 7989 | 10 |
16.090 | 19417 | 8 |
Last trade - 12.58pm 05/09/2024 (20 minute delay) ? |
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FMG (ASX) Chart |