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Shareholder sharks are circling FMG

On March 16 last year, someone paid $5.50 for a parcel of shares in Fortescue Metals Group. It was the peak price on the day. Nine trading days later, on March 31, someone paid $2.83 for a parcel of FMG shares. It was the low price for the day. But that gap of $2.67 a share, which translates into a decline of 48.5 per cent in less than two weeks, is what Briefcase believes will have attracted the eye of the shareholder sharks.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/08/18

1 year TSR5 year TSR
216thWoodside Petroleum35%5%
259thSouth3226%0%
363rdMineral Resources6%12%
397thIluka Resources1%-1%
612thFortescue Metals Group-29%3%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

06/09/18
$20k Bought
31/08/18
$0 Other
31/08/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st↑South32$10,519.6m
2nd↓Fortescue Metals Group$9,358.7m
3rd-Woodside Petroleum$5,050.0m
4th-Mineral Resources$1,706.7m
5th↑Iluka Resources$1,079.2m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

533rdMark Barnaba$223k
634thSharon Warburton$170k
691stElizabeth Gaines$161k
Ranked by total remuneration from all listed WA companies

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