FMG 5.53% $20.14 fortescue ltd

I'd say FMG are realising slightly less Karasco. But say $120...

  1. 96 Posts.
    I'd say FMG are realising slightly less Karasco.

    But say $120 (v. conservative) still amounts to half a billion in a month!

    Based on circa 3 billion shares, that is a pretty good return.

    Suffice to say the "quiet qtr" seasonally should yield circa $1.5bill. 10% ROE, annualised 40%.

    Making hay while the sun shines. Pay down the debt while prices are high, FMG then really is "a force".

 
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