Sydney based iron ore business CIA rallied 3.25% yesterday but it remains well below a number of broker valuations even assuming iron ore stabilises around $US80/MT over the next few years. We feel the risk / reward favours the next 20% being on the upside but no dividend detracts from CIA’s attraction considering the high yielding nature of its peers.
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Buy Hold Sell: The best and worst performers of FY25
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Crude Oil v Net Commitment of Trader – Source McCellan Financial Publications
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM likes the risk / reward on CIA below $5
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