FMG 1.86% $19.54 fortescue ltd

The realised price of USD 92 for the qtr is exceptional. I think...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,831 Posts.
    lightbulb Created with Sketch. 1790
    The realised price of USD 92 for the qtr is exceptional. I think most were hoping for high 80s as best case scenario.

    Also their output was 10% more than this time last year. They have high inventories on hand and are in a prime position to achieve fantastic sales in a qtr that generally is a bit lighter on.

    Overall with a FY realised price of USD 65, I think we will see NPAT achieve USD of just over 3B or AUD 4.2B (EPS 1.40)...
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.