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$19.41 fortescue ltd

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Axle21

189 Posts.

183

19/08/21

10:29

Post #: 55407564
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Originally posted by Nolan78: ↑

FMG cost price is about $15US/T.
It could drop to $60US/T and we'd still get about a 50c dividend.

I suspect it will get back to normal levels of about $100US/T and that will be enough for a dividend of over $1 a share.

We are in what looks to be a crash and IO prices are crashing with it then add delta lock downs everywhere
and the Afgan crisis and you have a perfect storm downwards.

Panic selling is happening now.

FMG may well drop to $20 a share come the divvy announcement on Aug 30 then go up $2 a share before it drop sback
hard like it always does up to pay out.

This time round though the share price may get as low as $15 a share.

I will not panic. Think longer term. Divs pay for the shares over a 5 to 7 year period.

The worry now is China getting its IO not from us but Afghanistan which could see all IO stocks drop hard.
Afghanistan is highly unstable and may take years to build up infrastructure.

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Nolan I think you're panicking.

FMG Price at posting: $20.63 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last $19.41		Change 0.420(2.21%)		Mkt cap ! $59.76B

Open	High	Low	Value	Volume
$19.19	$19.55	$19.10	$98.59M	5.097M

Buyers (Bids)

No.	Vol.	Price($)
3	32185	$19.38

Sellers (Offers)

Price($)	Vol.	No.
$19.43	946	2

View Market Depth

No.	Vol.	Price($)
2	31185	19.380
2	2000	19.370
1	2000	19.360
1	10000	19.350
4	14530	19.340

Price($)	Vol.	No.
19.430	946	2
19.450	4300	2
19.490	14477	1
19.500	10500	2
19.510	78055	2

Last trade - 16.10pm 28/10/2024 (20 minute delay)

FMG (ASX) Chart