Thanks for that. So it means we should be making a profit before tax of around 75-85 AUD per tonne over the last 4 months and up till now. Then minus 30% for the tax for profit after tax.
If you times that by the number of tonnes sold it still feels like the profit number is too big. I have then calculated around 2.5 billion AUD profit.. So what am I missing here?... I suppose the investment projects but that is only like 300-500 million for the quarter. FFI could be taking 200-300million each quater i suppose. So that is around 1.7 billion Aud. With about 1.4 billion (60-70% payout) potentially payable to shareholders in March 2024 from just this quarter?
So if prices stay around this 110-120 USD per tonne I feel the mid term dividend will be around 1.10/20 aud per share.
Not sure how you feel about this estimation.
Thanks for that. So it means we should be making a profit before...
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Last
$21.95 |
Change
-1.035(4.50%) |
Mkt cap ! $67.41B | |||
| Open | High | Low | Value | Volume |
| $22.35 | $22.38 | $21.72 | $1.367B | 63.11M |
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| No. | Vol. | Price($) |
|---|---|---|
| 23 | 6739 | $21.94 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.95 | 6383 | 15 |
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| Last trade - 13.41pm 18/06/2024 (20 minute delay) ? |
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Last
$21.89 |
Change
-1.035 ( 4.80 %) |
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| Open | High | Low | Volume | ||
| $22.17 | $22.37 | $21.73 | 2881582 | ||
| Last updated 14.01pm 18/06/2024 ? | |||||
| FMG (ASX) Chart |