Can’t imagine if they don’t cut the dividend in the future to pay down some debts.
Imagine FMG paying 15% dividend after franking at the price of $15 per shares. Takes 6 years to get the original share purchase back provided dividends doesn’t not cut
Another thing is if the unimaginable did happen like some suggested FMG goes to the $10 to $12 mark. Sharks will be circling with TO surely…..just saying
Iron ore price, page-53869
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Last
$16.82 |
Change
-0.500(2.89%) |
Mkt cap ! $51.78B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.23 | $16.81 | $252.2M | 14.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13676 | $16.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.83 | 350 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |