FMG 1.20% $21.41 fortescue ltd

Hey Tony, not sure if you're referring to my comments or Gordys,...

  1. 3,017 Posts.
    lightbulb Created with Sketch. 926
    Hey Tony, not sure if you're referring to my comments or Gordys, I think we all agree profits are coming soon, but many ways to look at it and define "profit". EBITDA, NPBT, cashflow positive etc....

    personally I feel until they're bringing in or saving $1billion per year it's not really profitable due to the $800m we're spending on FFI/energy per year. I feel $1B is still years away.

    An electric truck may save $$$ straight away, but will take a few years to pay off the CAPEX & R&D costs. Similar to Iron Bridge started in 2010, should be paid off in about 2027.... that's a loooong project. FFI projects started in 2020, I doubt any will have paid themselves off by 2030, but due to accounting rules we should have an increased dividend in just a few years.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$21.41
Change
-0.260(1.20%)
Mkt cap ! $65.92B
Open High Low Value Volume
$21.52 $21.67 $21.30 $150.5M 7.000M

Buyers (Bids)

No. Vol. Price($)
1 93 $21.40
 

Sellers (Offers)

Price($) Vol. No.
$21.41 12657 3
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.