The point about diversification is diverse your income AND get short-sellers off your back.
Short selling gets a lot of blame but if you overlay most of the miners, FMG does not show up as being much more affected than say BHP or RIO.
In the September 2012 rout, the shorters were obviously planning to buy back cheaply when FMG made a forced desperate cheap issue of shares. It didn't happen, just as I thought, and FMG actually came out stronger than ever.
If you had followed FMG from its very humble beginnings, you would not be giving the company advice.
report BHP + RIO to ACCC, page-18
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Last
$20.14 |
Change
0.180(0.90%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.11 | $20.40 | $19.80 | $203.8M | 10.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $20.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.14 | 17291 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |