My calculations were on the conservative side. Underlying EBITDA of US$3.8B, Profit before tax US$2.1B. (D&A US$1.2B, others Finace cost/income etc US$0.4B, probably less this FY). Rating agencies should review FMG after 2 x Debt Repayment this FY, they mentioned on their last upgrade that if FMG keep paying off their debt, they would consider another upgrade. Plus outlook for IO is better than 6 months ago, I‘m sure FMG will get upgraded again after this Debt Repayment.
FMG SP really depends on IO price. $60 - $5.50-5.80, $65 - $6-6.30, $70 - $6.50-$7. Debt Repayment would add 30-50c & rating upgrade 20-30c. All these are just my opions, SP has a lot to do with Market Sentiment towards IO price rather than the actual price.
I can‘t even predict SP for next week so I won‘t even try on end of FY18, hehe.
I‘m a lot confident today than I was on Friday, I think the market panic a bit, I think SP should recover a bit this week.
DYOR.
Frank.
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Last
$21.79 |
Change
-0.030(0.14%) |
Mkt cap ! $67.25B |
Open | High | Low | Value | Volume |
$22.18 | $22.18 | $21.69 | $93.79M | 4.282M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 22344 | $23.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.62 | 3516 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2191 | 23.960 |
1 | 1396 | 23.320 |
2 | 2495 | 23.310 |
14 | 28416 | 22.870 |
1 | 13098 | 22.860 |
Price($) | Vol. | No. |
---|---|---|
19.620 | 3290 | 1 |
20.710 | 40133 | 14 |
20.720 | 1401 | 1 |
20.750 | 17646 | 3 |
20.840 | 413 | 1 |
Last trade - 15.59pm 09/07/2024 (20 minute delay) ? |
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FMG (ASX) Chart |