FMG 2.02% $25.70 fortescue ltd

Highly undervalued

  1. 3,510 Posts.
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    Highly undervalued due to debt and uncertainty of IO price which will ultimately define its true value and sp going forward

    If IO settles at above $65.0mt to $75.0mt as some research houses have suggested, sp will increase to above $3.00 plus, as profits will significantly increase, which in turn increases cash and the ability to retire debt.

    FMG sp is totally driven on a day to day basis by the IO price, nothing more nothing less.

    The only other potential drivers will be further reduction of costs, changes to substantial holders and partial debt repayment.

    Seems that sp is locked in at $2.45 to $2.50, and unable to close above this range.

    Volume has also been very low, possibly due to the ex-dividend date and uncertainty as to demand from China post Chinese New Year
  2. 4,595 Posts.
    lightbulb Created with Sketch. 466
    Demand will definitely drive the IO price up a bit now. Everything has been in shutdown due to CNY.
 
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