BHP should bid Fortescue before the relative gap between them grows further. One for five scrip should do it. Huge merger benefits including refinancing FMG's debt and larger influence in the iron ore market. The strong free cash flow of FMG would also support BHP's progressive dividend policy until there is a sustained pickup in the commodity prices.
IMO DYOR
BHP should bid Fortescue before the relative gap between them...
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |