Tomorrow will be a really interesting day!
But the real situation here is that most people will be waiting to see what the company does with the rapidly growing pile of cash... My reading of Nev Power's comments suggest he has been mindful that the time to reward shareholders is coming. The company has paid down/deferred debt and is rapidly positioning itself to be a company with enviable free cash flow. No further debt repayments until 2022... So that means what's the payout ratio going to be and what is the company's intent re: cash balance.
A share buyback is very possible.
I wouldn't be too surprised to see a very positive outlook from the company. And maybe a surprise.
Baron
FMG Dividend Poll, page-63
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Last
$19.22 |
Change
-0.270(1.39%) |
Mkt cap ! $59.17B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.55 | $19.22 | $85.01M | 4.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27260 | $19.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.33 | 100 | 1 |
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| FMG (ASX) Chart |