just buying opportunities at the moment. i've learnt from previous purchases that you never use both hands to catch falling knives.
but people shouldn't make it more than it is. FMG has big debt, but has big free cash flow too.
they're actively reducing debt/costs with this, so if we had 10% of debt and therefore 10% of revenue, would this be at $0.51? I doubt it.
a few extra 0's seem to spook people. not that i know what its like to have $10,000,000,000 in debt....but i also dont make $1million an hour. BUT i do know what its like to have $200k debt and earn $20/hr. same ratios, only difference is i don't work 24 hours a day, 7 days a week.
Keep on keeping on, really looking forward to the next qtr report in 16 days....yes i am counting. price drops, my share balance accumulates.
all good, even if the "world is falling".
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Last
$18.56 |
Change
0.120(0.65%) |
Mkt cap ! $57.14B |
Open | High | Low | Value | Volume |
$18.34 | $18.68 | $18.30 | $218.7M | 11.78M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 57703 | $18.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.60 | 4301 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 57703 | 18.550 |
1 | 20155 | 18.540 |
2 | 1186 | 18.530 |
6 | 95277 | 18.520 |
2 | 21055 | 18.510 |
Price($) | Vol. | No. |
---|---|---|
18.600 | 4301 | 2 |
18.610 | 26650 | 3 |
18.620 | 15970 | 5 |
18.630 | 500 | 1 |
18.650 | 25989 | 8 |
Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |