COPY AND PASTE FROM EUROZ HARTLEY REPORT
Whilst iron ore prices are strong, the Company is very cheap. We expect a 4.5cps FY21 dividend/capital management (unfranked);On our estimates, FEX could pay +18cps partly (or fully) franked dividend in FY22, iron ore price dependent; Iron ore prices & the short mine life are the largest risks (shareholders may only get one price cycle). Exploration success therefore would be a big catalyst;ActionSpeculative Buy. On spot prices, our valuation is $1.61.
FEX Valuation, page-12
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $186.4K | 690.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 970130 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 91662 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |