FMG 1.76% $4.63 fortescue metals group ltd

FMG Technical Analysis, page-43

  1. 956 Posts.
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    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.
 
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Last
$4.63
Change
0.08(1.76%)
Mkt cap $14.00B
Open High Low Value Volume
$4.59 $4.65 $4.59 $46.52M 10.07M

Buyers (Bids)

No. Vol. Price($)
1 33001 $4.63
 

Sellers (Offers)

Price($) Vol. No.
$4.64 397913 14
Last update - 16.10pm 18/01/2019 (20 minute delay) ?
(live)
Last
$4.64
  Change
0.08 ( 1.79 %)
Open High   Low Volume
$4.60 $4.65   $4.59 2157280
Last updated 15.59pm 18/01/2019 (live) ?
FMG (ASX) Chart
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