FMG 1.17% $17.73 fortescue ltd

Presales whilst they may sound good in terms of cash upfront are...

  1. tpg
    1,735 Posts.
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    Presales
    whilst they may sound good in terms of cash upfront
    are they not just an expensive ( in terms of discount given as inducement) form of borrowing??
    in addition it means the IO customers stock pile is held by FMG with no need for their own stock pile
 
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Last
$17.73
Change
-0.210(1.17%)
Mkt cap ! $54.59B
Open High Low Value Volume
$17.86 $18.00 $17.67 $106.1M 5.956M

Buyers (Bids)

No. Vol. Price($)
1 3136 $17.73
 

Sellers (Offers)

Price($) Vol. No.
$17.76 10562 2
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
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