Nice work, yes it will bounce tomorrow, $5.395 is too conservative, I say $5.50+.
This is just "bargain" price really. So far this Quarter Platts 62% is US$73 average, so even FMG get a low 70% realised price, the realised price will still be US$50+. So whatever happens to IOP next 10 days, FMG already have US$1B+ positive cash flow for this Quarter.
There are hardly any expanses this Q except interest on debt, so Money at the Bank will most likely balloon to nearly US$3B at the end of this month.
In other words, there are already "16c" Dividend if payout ratio is 80% on profit. Crazy but TRUE.
There are also "hints" of Future bounce back up, with market prices firmer and volume also picking up.
DYOR.
Frank.
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Last
$23.15 |
Change
-0.050(0.22%) |
Mkt cap ! $71.33B |
Open | High | Low | Value | Volume |
$23.08 | $23.35 | $22.94 | $45.87M | 1.982M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 9405 | $23.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$23.15 | 1257 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 3407 | 23.160 |
14 | 4837 | 23.150 |
20 | 9990 | 23.140 |
19 | 6376 | 23.130 |
15 | 10231 | 23.120 |
Price($) | Vol. | No. |
---|---|---|
23.170 | 3144 | 19 |
23.180 | 6339 | 25 |
23.190 | 5706 | 22 |
23.200 | 5340 | 16 |
23.210 | 4236 | 11 |
Last trade - 14.31pm 17/06/2024 (20 minute delay) ? |
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Last
$23.15 |
  |
Change
-0.050 ( 0.33 %) |
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Open | High | Low | Volume | ||
$23.06 | $23.34 | $22.95 | 614447 | ||
Last updated 14.52pm 17/06/2024 ? |
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