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.
Hi Eyeswide. It’s not about right or wrong. Your analysis is...
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |