I should have grabbed a bigger parcel of FMG yesterday. Our divvy early next year should be $2.5 grossed up, that's on top of the $3+ for this year. That's $5.5. grossed up and I think this is a very conservative figure.
if we deduct $5.5 from today's close of $19.76 we arrive at a share price of $14.26
$14.26 to break even simply for holding for next 6 months.
As the price drops the case for buying in this market grows and grows but you need to buy in before it goes Ex.
Iron ore price, page-35987
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Last
$19.22 |
Change
-0.270(1.39%) |
Mkt cap ! $59.17B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.55 | $19.22 | $85.01M | 4.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27260 | $19.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.33 | 100 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |