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
$16.16 |
Change
0.030(0.19%) |
Mkt cap ! $49.97B |
Open | High | Low | Value | Volume |
$16.30 | $16.35 | $16.13 | $54.69M | 3.354M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 8428 | $16.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.16 | 3921 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 5762 | 16.170 |
22 | 10994 | 16.160 |
22 | 11749 | 16.150 |
18 | 14271 | 16.140 |
58 | 25332 | 16.130 |
Price($) | Vol. | No. |
---|---|---|
16.180 | 481 | 2 |
16.190 | 8019 | 18 |
16.200 | 12715 | 15 |
16.210 | 8209 | 19 |
16.220 | 16321 | 15 |
Last trade - 12.06pm 06/09/2024 (20 minute delay) ? |
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FMG (ASX) Chart |