Hi Tony,
I understand that the focus has changed , but it seems that hydrogen is dead for the time being ! I had a great hope that by 2030 we will sell hydrogen and the SP will be 50 dollars! Now I think it is not going to happened. The SP is undervalued based on IO business alone and I think might go even higher today because the market might think FMG is not going to spend money on hydrogen and will have more cash to pay bigger dividend. After ex-dividend day , the SP might go below 20 if the IO hits 100 dollar.
l think FMG will be able to pay at least 1.5 per year dividends with IO around 90 to 100 !
Exciting day today to see how the market will react.
Ann: Management and Organisational Update, page-15
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$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
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| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |