FMG fortescue ltd
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Ann: Quarterly Activities Report, page-15

  1. mmoore1957
    736 Posts.
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    24/04/18
    11:22
    Post #: 32651788
    "I think it's going up" might be wishful thinking I'm afraid. This result was a poor performance for FMG:
    1. Shipped volume down
    2. Price discount up 28% beyond guidance of 25%
    3. C1 up by 9% to US$13.14. It has not been this high since FY2017 Q1.
    4. The average Platts Fe price for Q3 was US$74/dmt. Currently Q4 averages US$63/dmt.
    If the above operating metrics prevail in Q4 at the lower Platts price then FMG's Q4 performance will be even worse. It makes it very difficult to see any support for an upward price trend hence the reason I am currently short.
    Please DYOR
    FMG Price at posting: $4.52 Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
$19.17 		Change
0.470(2.51%) 		Mkt cap ! $57.56B
Open High Low Volume
$18.84 $19.23 $18.75 4.256M

Buyers (Bids)

Vol. Price($)
1573 $19.06
 

Sellers (Offers)

Price($) Vol.
$19.12 37000
Last trade - 16.25pm 29/07/2026 (20 minute delay) ?
FMG (ASX) Chart
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