COPY AND PASTE FROM EUROZ HARTLEY REPORT
Whilst iron ore prices are strong, the Company is very cheap. We expect a 4.5cps FY21 dividend/capital management (unfranked);On our estimates, FEX could pay +18cps partly (or fully) franked dividend in FY22, iron ore price dependent; Iron ore prices & the short mine life are the largest risks (shareholders may only get one price cycle). Exploration success therefore would be a big catalyst;ActionSpeculative Buy. On spot prices, our valuation is $1.61.
FEX Valuation, page-12
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $211.8M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 28.5¢ | $1.208M | 4.067M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 517334 | 9 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
30.5¢ |
Change
0.015 ( 7.02 %) |
||||
| Open | High | Low | Volume | ||
| 29.0¢ | 30.5¢ | 29.0¢ | 638441 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| FEX (ASX) Chart |