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$22.00 fortescue ltd

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rookstar

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08/01/21

10:04

Post #: 50026792
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Originally posted by SmugLex ↑

This upcoming dividend and future dividends are just to good to ignore. I know you have to be careful of dividend traps a la as we have seen with TLS. Unlike FMG they were paying out 100% and sometime more of all net profit to lure in shareholders and keep the SP up.

FMG does not have that overly generous payout ratio that leaves you nothing to reinvest back into the company or for a downturn in profits. The PE is still way to low in comparison to their higher cost IO peers and because of that even when the eventual price drop in IO comes down off these peaks today's share price is still cheap. Over the short to medium term we will see massive increase in FCF and dividends but even when IO price comes down the dividend will still surpass any other top ASX50 bluechip company on the ASX.

I rejigged my portfolio this morning and added another 220,000 shares to my FMG holding and will use left over dividends to further diversify down the track.

Good luck to all holding and I see a lot more interest and money coming into the company leading up to the next dividend announcement next month.

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Man you make me laugh, i love hearing these stories.

Im so happy for you.

FMG Price at posting: $26.36 Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last $22.00		Change 0.410(1.90%)		Mkt cap ! $67.73B

Open	High	Low	Value	Volume
$21.93	$22.09	$21.58	$138.1M	6.316M

Buyers (Bids)

No.	Vol.	Price($)
2	9247	$21.99

Sellers (Offers)

Price($)	Vol.	No.
$22.00	3521	3

View Market Depth

No.	Vol.	Price($)
4	11765	21.970
2	5840	21.960
2	3604	21.950
3	12311	21.940
2	7071	21.930

Price($)	Vol.	No.
22.000	3521	3
22.010	280	1
22.020	1416	3
22.030	16800	3
22.040	13370	3

Last trade - 16.10pm 11/07/2024 (20 minute delay)

FMG (ASX) Chart