FMG 0.93% $22.41 fortescue ltd

Iron ore price, page-6774

  1. 2,425 Posts.
    lightbulb Created with Sketch. 26
    Hi

    i made a mess yesterday of my results summary

    so i will go again

    $44 realised price for fmg for the year x 91.5% = 40.26 less all in cost around $31

    170m tonnes at 9.26usd = 1574m usd pre tax less 280m charge for refinancing and early interest pay out (following financial years saves 180m a year)

    npat 905m usd at 72.663c aud = 1245m aud or 40.17c aud

    i believe they will pay a much higher pay out rate to 'normalise' the profit figure given 280m was a one off which takes 196m usd off the bottom line or 269m aud which is another 9c aud of earnings

    so my guesstimate is a dividend of 50-65% based on the 49c aud rather than the 40.17c

    13.5-20 c

    best guess 15c
 
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