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1.82%

27.0¢ fenix resources ltd

Price of Iron Ore, page-1647

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rocketrog

1,202 Posts.

380

29/03/24

17:40

Post #: 73119488
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Originally posted by tris06 ↑

I recently calculated the cost of providing a 2 cent dividend. Currently there are about 693 million shares issued. I think apart from performanace shares in the future that is it.

So a 2 cent dividend after tax costs the company about 14million aud.

A 3 cent dividend will cost about 21 million aud.

Their dividend policy is set at between 50 to 80% profit. Last year they had big expenses coming up so they even went slightly below the 50% payout.

I expect they will pay out around 50 to 60% of the profit. My guess is they will want to keep 20million aud for expenses like the construction of the access road.

So if we can get over say 42 million total profit I cant see why the dividend cannot be somewhere around 3 to 3.5 cents per share.

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I would like JW to be reminded that our Dividend Policy is 50-80% of Profit.
Last year we were paid less than 50% to finance his Cap Ex, so this year should be paying more than 80% to get the Policy back on track.
IMO if JW thinks that SH's will settle for less than dividend Policy year after year then that is what we'll get from him and he will spend the difference, no problem at all.

FEX Price at posting: 26.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 27.0¢		Change -0.005(1.82%)		Mkt cap ! $194.5M

Open	High	Low	Value	Volume
27.5¢	27.8¢	26.0¢	$479.6K	1.785M

Buyers (Bids)

No.	Vol.	Price($)
1	3000	26.5¢

Sellers (Offers)

Price($)	Vol.	No.
27.0¢	124500	2

View Market Depth

No.	Vol.	Price($)
1	3000	0.265
13	574854	0.260
7	370412	0.255
23	546375	0.250
8	367818	0.245

Price($)	Vol.	No.
0.270	124500	2
0.275	138412	3
0.280	262068	5
0.285	198172	4
0.290	193344	6

Last trade - 16.10pm 09/10/2024 (20 minute delay)

FEX (ASX) Chart

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