I originally ignored this thread but thought I would respond.
If house prices drop by 80% then all of Australia's banks will go broke. But bank shares all trade at a much higher PE than FMG. If anything this question about iron ore at USD20 a tonne just reinforces that FMG is undervalued because by comparison to other industries like banks exposed to pricing risks FMG shares are priced more cheaply.
Will fmg survive iron at $20 ton., page-8
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $62.82B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $293.8M | 14.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13032 | $22.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.09 | 31035 | 4 |
View Market Depth
| Last trade - 15.59pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |