FMG Feb 2022 Div Guesses, page-175

@tris06
Completely agree! Profit was as per forecast, mostly just the 12% reduction from 80% to 70%.I was 15% off, mostly due to very high shipping and a calculation error in the spreadsheet. Nothing to do with FFI. We should still be very happy with record productivity and current prices are still amazing ($140), shipping costs are coming down too.If we're spending $2 billion per year on shipping, this is a HUGE cost, one we can reduce through buying more of our own ships and running on ammonia that we produce ourselves... great cost saving potential!

@Nolan78
Go read the report mate, revenue was exactly as per the quaterly annoucements, it was $1 billion in shipping that killed us, not FFI. FMG IO discounts have always varied, 30% is not uncommon, only the last few years has it been 10%. I blame the current big discount on high coal prices, which makes our product less cost efficient.
@Arthurbell

FFI cost us $242, shipping was $1086 .... sure go ahead, blame the new guy!!!!

@JPGuru
We could split out FFI, or we could use FFI to save us money on shipping & oil so our dividends grow in furture years.... I'm voting for growth!


@ResourcesGaloreI do agree with you other statement.... just remember dividends are from NPAT, after D&A. The dividend payout is really only 55% of EBITDA-tax ($4.7-1.2=$3.5B), Dividend=$1.9B= 54% so still $1.6B this HALF for business devolopment... thats a lot IMO!


@firemansam789I like your logic, remember FFI is all about POWER & replacing oil.... can our P/E reach 30 or 40? I dunno, go look at Woodside Petroleum