ASX share review: Fortescue Metals Group (ASX: FMG)
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What is Fortescue Metals Group and its significance in Australia?
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This podcast contains general financial advice only. That means it's not specific to you, your needs, goals, or objectives, so don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes. Kate Campbell, welcome to this episode of the Australian Finance Podcast. How are you going?
Good, thanks, Owen. Good to be back for our very first shared deep dive episode.
Yeah. So we're going to dive deep. Well, kind of deep as quickly as we can into one ASX company as by voted by our community, they have chosen the company, which we probably didn't expect them to pick. Do you remember some of the other companies that were on our poll inside the Facebook community?
Yeah, I believe it was Appen, AGL Energy, A2 Milk, Zip and Fortescue Metals Group. And so we picked the five most popular companies off RAS media during September and polled our Facebook community. And the winner by quite a mile was Fortescue Metals.
Fortescue. Okay, so this is the company that trades under the ticket code FMG. So if you typed into Google ASX space FMG, you would see all the articles for Fortescue Metals Group. Started by a billionaire by the name of Andrew Twiggy Forrest. There are many great books. I've read a book of Twiggy. It's actually titled Twiggy. It's a fantastic book which dives deep into his life before Fortescue, his family life, his heritage, and also then his time starting Fortescue. So before we start, Kate, let's make a note.
Okay, so this is not a recommendation from myself or Owen.
What is the role of iron ore in global markets?
For Fortescue or the RAS team, I don't believe, apart from our RAS media site covering news of Fortescue, we've ever covered Fortescue on any of our platforms.
And we've covered the news, but that's it. Yeah, I think from a research perspective.
Oh, no, I don't own any individual shares. Obviously, Fortis is a really big company. So it's in most of the large ASX 200 ETFs. So we've got indirect exposure through super funds and ETFs, but we don't own any individual positions.
And chances are, if you have an industry super fund, like Host Plus, Australian Super, Rest, any of those, in some tiny little way, Fortescue might actually make up part of your wealth too. So this is a really interesting company.
Yeah. A200, VDHG. You've all got some Fortescue in there.
Yes. And those are two things that I do own, VDHG ETF and the A200 ETF, Kate. So do you own those two? No, no. They were just the ones that came to mind. Oh, okay. It's the two that came to mind, which two that I own, and they would be in some way invested in Fortescue.
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Chapters
8 chapters
1
What is Fortescue Metals Group and its significance in Australia?
0:00–3:11
2
What is the role of iron ore in global markets?
3:11–6:47
3
How does Fortescue's supply chain work for iron ore?
6:47–12:57
4
What are the environmental and social governance (ESG) initiatives of Fortescue?
12:57–19:13
5
Who are the key leaders behind Fortescue and what are their backgrounds?
19:13–25:01
6
What financial performance metrics should investors know about Fortescue?
25:01–29:46
7
How does Fortescue plan to transition to renewable energy?
29:46–35:16
8
What are the potential risks and opportunities for Fortescue in the future?
35:16–39:38
Speakers
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