as far as M&A, doesnt take a genius to see that Glencore-FMG is the natural next step if Ivan can court Jan du Plessis - in particular because FMG's all in costs contain about 25% debt and interest - so a deal which paid out that debt immediately makes FMG a $50/t 'all in cost' operator on 62.5% Fe basis.
The only drawback that Ivan Glasenberg's modus operandi is pretty much a mirror of Rupert Murdoch's - they buy low cost high quality conservative companies then load them up with debt and use that debt to acquire the next business.
An FMG deal would mean doing things in reverse.
Will FMG be taken oven?, page-51
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Last
$17.75 |
Change
-0.190(1.06%) |
Mkt cap ! $54.65B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.73 | $47.19M | 2.629M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 4520 | $17.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.75 | 14906 | 33 |
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| Last trade - 13.48pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |