Hi Eyeswide.
It’s not about right or wrong.
Your analysis is flawed. As Spuza just posted, chasing yield in a one commodity company is a dangerous game.
It’s irrelevant about “ board supporting share price through Divs”.
The price of FMG ore is trading at a heavy discount. It’s that simple. Revenue is down and so follows the div.
11c is still a fair Div.
The company has excelled on costs and on most parts of the business it can control.
Nev leaving hurts. Gaines will need time to prove herself.
“ No floor under this now” is a ridiculous statement.
Ann: Dividend/Distribution - FMG, page-25
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |