FMG 2.02% $25.70 fortescue ltd

FMG Technical Analysis, page-43

  1. 956 Posts.
    lightbulb Created with Sketch. 1
    That doesn't make sense

    That is simply a financing point, and net cash in the bank is simply added to enterprise value to get to equity value.

    FMG's value is all about the extent of it's profitability, which boils down to as to what the longer term price will be, and what will FMG realise for it's lower quality product offering.

    Also in case you have missed it - FMG still is in a net debt position.

    FMG traded at a discount for a while as it had mis-managed it's capital works against iron ore price risk which put equity holders at risk. Now that debt is under control - as it should be for any company - there is no additional value created from generating free cashflow.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$25.70
Change
0.510(2.02%)
Mkt cap ! $79.12B
Open High Low Value Volume
$25.58 $25.78 $25.39 $142.8M 5.570M

Buyers (Bids)

No. Vol. Price($)
1 1 $25.63
 

Sellers (Offers)

Price($) Vol. No.
$25.75 3050 3
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$25.73
  Change
0.510 ( 2.20 %)
Open High Low Volume
$25.57 $25.78 $25.39 738887
Last updated 15.59pm 29/03/2024 ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.