Hi Guys.
As we are only 4 weeks away from end of this half, I wanted to kick off a discussion around what the Interim Divvie is going to be.
I believe that we are looking at AUD$1.25 a share. My calculations are shown below. Happy to hear agreement or alternate thoughts...
FMG6 months production: 90 million tonnesAverageprice received: Say USD$105 a tonne
FMG'All in' cost: USD$45 a tonne (incl. C1 costs, interest, depreciation)
Net Profit: USD$5.40 BILLION
AUD/USDExchange Rate: $0.73c
AUD Half-year Interim Profit: AUD$7.40 Billion
AUDTax Paid (@30%): AUD$2.22 Billion
NetProfit available (for Interim Dividend distribution): AUD$5.18 Billion
InterimDividend @ 75% payout ratio (i.e 75% of $5.18 Billion) = AUD$3.89 Billion … or$1.25 a share
FMG - 2021 Interim Dividend
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |