I have looked at both & agree, BHP I think is a short at current FE & oil prices, however FMG is a far simpler proposition as its a one commodity company. I also think oil can turn around far quicker than iron ore as production can be more easily switched off. BHP also has exposure to the likes of copper & has a far more diversified portfolio.
FMG SP is completely at the whim of the iron ore price & it has a considerable amount of debt that is also tied to that. The stability of the iron ore price is in turn completely reliant on China buying more, not the same, but more each year & I don't think that is sustainable.
I have looked at both & agree, BHP I think is a short at current...
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Last
$21.92 |
Change
0.350(1.62%) |
Mkt cap ! $67.49B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $94.22M | 4.315M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $21.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 18370 | 7 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |