FMG 2.97% $22.57 fortescue ltd

Ann: Dividend Reinvestment Plan Allocation Price, page-5

  1. 3,306 Posts.
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    Always best to get the cash. Share price is mainly below Reinvestment Plan.

    I think give it time and we'll be back at $22 a share and then top up and then watch the stock rise.
    Just like BHP/RIO FMG get to a point they can't go any higher and drop back.

    Iron ore going south at present so top up time will be when IO gets in the $90US range before it starts to rise up again.

    Buy in fear and sell in greed although I just hold and love the franking credits each year and no tax to pay.

 
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