Mike
My issue with FMG is that it is a 'one trick pony' with high gearing.
Any further deterioration in the Global Financial situation (is the Pope a Catholic?) will result is a blowout in the interest rate required to get their Notes subscribed.
I believe that the potential for FMG to implode, within 5 years, is greater than 50%, given the high leverage and reliance on one commodity & customer ie China.
Any relief will probably be short term and an opportunity to short (again).
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Last
$15.84 |
Change
0.460(2.99%) |
Mkt cap ! $48.69B | |||
| Open | High | Low | Value | Volume |
| $15.55 | $15.86 | $15.49 | $50.62M | 3.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 16861 | $15.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.84 | 4543 | 17 |
View Market Depth
| Last trade - 13.00pm 02/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |