Assuming the same cash flow for the net three quarters is a bit conservative, isn't it? In the September quarter the realised price was US$4,813/dmt on an SC6.01 basis CIF China (from the quarterly report). We can expect contract prices to increase (following spot prices upwards), more BMX sales in the $7-8000 range, and increasing volumes.
Also the high average yield for the resource sector is a recent and probably temporary phenomenon based on a spike in iron ore prices and which is now over (ignoring coal miners). This chart of BHP's dividend yield shows what I mean:
By my calculation Post #: 64801713, the PLS dividend yield, based on the mid-point of 20-30% payout ratio and the current share price, would be 4.7% fully franked, which is pretty outstanding for a company which also offers growth.
Figaro
Assuming the same cash flow for the net three quarters is a bit...
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Last
$2.98 |
Change
0.110(3.83%) |
Mkt cap ! $8.969B | |||
| Open | High | Low | Value | Volume |
| $2.99 | $3.10 | $2.95 | $98.90M | 32.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16986 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 175531 | 5 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |