I never said a share should earn a cash rate if that were the case fmg would be $28/share, I simply pointed out that even if you paid $7 for your stock, you would still be earning 4 times what you earn with cash, so I couldn't see how $5.50 was grossly over valued.
do you not agree that a $1 earning 25%, is worth more than a $1 earning 12.5% or 3%?
Iron ore price, page-837
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Last
$18.92 |
Change
0.050(0.26%) |
Mkt cap ! $58.59B | |||
| Open | High | Low | Value | Volume |
| $19.38 | $19.38 | $18.91 | $177.3M | 9.286M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 11211 | $18.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.93 | 16187 | 34 |
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| Last trade - 15.58pm 01/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |