22/06/2022 09:18

Fortescue Metals Group (FMG) $17.59

Iron ore producer FMG is one of the few resource stocks that’s still trading above its fair value according to Rocky as discussed in our Battery Metals Webinar, a potential concern considering the very real risks of a recession. As the volatility in the bulk commodity ramps up we see no reason to fight the current short-term pullback – just yet. Dividend support might also start to falter with the more...

Read more

24/05/2022 08:51

Fortescue Metals Group (FMG) $20.71

Twiggy Forest’s FMG might have long term aspirations towards a green and sustainable business but for now it remains a very successful iron ore cash cow. The stock like many of its peers is extremely cheap trading on an Est. valuation of 7.2x for 2022 while its forecast to yield almost 12% pa fully franked over the next 12-months making it an exciting income play for the brave.

Read more

29/04/2022 09:03

Fortescue Metals Group Ltd (FMG) $21.73

Iron ore producer FMG rallied over 8% yesterday after delivering an excellent 3rd quarter update plus a shipments guidance upgrade – shipments were up 10% to 46.5 million tonnes, average revenue was up 34% to $US99.52 per tonne while costs were up only 3% quarter on quarter to $US15.78 per tonne i.e. that’s one nice gap of profitability! We now believe the risk/rewards...

Read more

01/04/2022 09:25

Fortescue Metals Group (FMG) $20.66

We exited our FMG position earlier in the year at marginally higher levels, on balance we can see higher prices and aggressive investors could consider going long with stops under $19 i.e. 8% risk. While the stocks been an excellent yield play over recent years the next dividend is not due until August,  any forays into the stock are all about potential capital gain and hence the likely direction of iron ore.

Read more

03/03/2022 09:16

Fortescue Metals Group (FMG) $18.59

Over the last few weeks Fortescue (FMG) has illustrated perfectly what we are anticipating following our moves in the gold / oil stocks i.e. we sold FMG around $21 as the iron miner surged 65% from its November low. The stock extended its rally by almost 10% before rapidly correcting 23% leaving our exit level feeling pretty good this morning – it’s impossible to pick highs & lows but excessive swings of sentiment can be identified.

Read more

16/02/2022 09:06

Fortescue Metals Group (FMG) $21.59

FMG reports today but following the large drop in iron ore over the last few sessions we believe the risks are increasing on the downside although BHP’s stellar result and Fortescues much anticipated huge fully franked dividend in the first week of March, it is likely to have yield hungry buyers circling into any dips under $20. If today was a result free session we would be looking for the bulk commodity miner to consolidate its recent 65% surge higher but results usually lead to elevated volatility.

Read more

03/02/2022 09:21

Fortescue Metals Group (FMG) $20.46

FMG has rallied over 50% from its panic October / November lows largely following the strong recovery in the iron price, at MM we enjoyed most of the rally through a quick “active play” but there might be more in the pie for some investors. FMG is forecast to pay a$ 1.92 fully franked dividend later this month which is clearly attractive for yield and franking...

Read more

01/02/2022 09:28

Champion Iron Ltd (CIA) $6.45

CIA has recovered in tandem with the volatile iron ore price, we took advantage of the recovery in the bulk commodity through Fortescue Metals (FMG), after CIA’s more than 50% bounce we believe the easy money is now off the table although its should benefit if MM is correct with our view towards the $US. So far 2022 has illustrated perfectly...

Read more

25/01/2022 17:17

Fortecue Metals (FMG) $19.50

FMG -4.97%: Out with December quarter production numbers today confirming they were on track to beat shipping targets however price realisation was low and costs were also on the up. FMG achieved ~68% of the benchmark Iron Ore price given it has lower quality Ore which was down from ~91% at the same time last year. Higher Coking Coal prices...

Read more

21/01/2022 09:17

Fortescue Metals (FMG) $21.39

Iron ore producer FMG has now rallied over 50% from its panic low in November, MM has already taken most of the meat out of this sandwich to-date although we reiterate after talking profit we are not bearish FMG but simply adopting a more neutral view – a very attractive fully franked dividend is looming this time next month.

Read more