Market seems to be realising how high the dividend yield & FCF are for FMG.
Also the reducing equity and reducing free trading float is also making the market avoid shorting.
Forrests worth has gone up $1B in the last 3 months
And it will go up another $1B-2B this year imho
He has an expected FMG dividend incoming of $200M -$240M cash
exdate from 1 March with payable date on 5 April normally, see here last 2 years -
Ex Date Payable Date Dividend Type 1 31/08/2018 2/10/2018 Final 2 1/03/2018 5/04/2018 Interim 3 1/09/2017 3/10/2017 Final 4 2/03/2017 6/04/2017 Interim
20c is my call
Market seems to be realising how high the dividend yield & FCF...
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Last
$21.86 |
Change
0.070(0.32%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 705 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.88 | 1359 | 3 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |