Hi Eyeswide.
It’s not about right or wrong.
Your analysis is flawed. As Spuza just posted, chasing yield in a one commodity company is a dangerous game.
It’s irrelevant about “ board supporting share price through Divs”.
The price of FMG ore is trading at a heavy discount. It’s that simple. Revenue is down and so follows the div.
11c is still a fair Div.
The company has excelled on costs and on most parts of the business it can control.
Nev leaving hurts. Gaines will need time to prove herself.
“ No floor under this now” is a ridiculous statement.
Ann: Dividend/Distribution - FMG, page-25
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |