FMG 1.27% $18.33 fortescue ltd

Great Quarterly Report. Record Production and Iron Bridge now...

  1. 2,127 Posts.
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    Great Quarterly Report. Record Production and Iron Bridge now starting to generate massive profits. Don't worry about some wanker of an analyst stating that the report missed "expectations".

    We're still looking at a AUD$1.00 Fully-Franked dividend in September folks !!!!!



    FMG 6 mths production: 97 million tonnes

    Average price received (for 6 mths): USD$98 a tonne

    FMG 'All in' cost: USD$55 a tonne (incl. C1, interest, depreciation)


    Net Profit: USD$4.171 BILLION

    AUD/USD Exchange Rate: $0.66c


    AUD Net Profit: AUD$6.320 Billion

    AUD Tax Payable (@30%): AUD$1.896 Billion

    Net Profit available (for Dividend): AUD$4.424 Billion

    Dividend @ 70% payout ratio (i.e 70% of AUD$4.424 Billion) = AUD$3.097 Billion … or AUD$1.00 a share

 
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$18.33
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