Probably about as expected. So we'll likely see a small selldown today (because that's how FMG always reacts!).
Earlier than expected 60% FE is positive, costs are ok. Dividend is fine, without being spectacular (which tbh would be irresponsible).
Now for diversification. It seems that the house is now in order (re financing and infrastructure moves this year) so the next obvious strategic move is branching out.
Ann: Media Release FY18 Results, page-4
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |