FMG 3.23% $18.87 fortescue ltd

next dividend, page-215

  1. 3,110 Posts.
    lightbulb Created with Sketch. 955
    Unfortunately I'm reducing my estimate from 80cents to 75 cents. @80% payout
    Underlying EBITDA (US$M)$3,772
    Net profit after tax$1,963
    Dividends ( FF A$/share)$0.75


    • Probably in increase in FFI expenses
    • Shipping costs were very high at the start of the half, although looking good now. Maybe an average of about $10.50/tonne??? Costs about 2 cents per dividend.
    https://hotcopper.com.au/data/attachments/5008/5008100-a4c2501a8e6b7a04fcb79ce1035e5a61.jpg

    rease in depreciation, due to Iron bridge starting up. This doesn't affect cashflow, but does affect accounting NPAT (as I understand), so I've increased allowance for depreciation to $850m, or about 3cents per dividend
    https://hotcopper.com.au/data/attachments/5008/5008104-a473053936275a752700e22050d817b5.jpg


    Just my calculations, many glorious errors included, so don't use as financial advise wink.png
 
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