FMG 3.61% $20.10 fortescue ltd

FMG / IO Outlook and News, page-555

  1. 1,221 Posts.
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    I recon FMG will make a debt payment of US$ 1.4b this month from my estimate below
    Previously during non dividend payment quarters it paid US 550m in 23/06/2016 and US 1.0b in 16/12/2016. That is an increase of US 450 m. This happened during lower IO price.
    Previous during dividend payment quarter it paid 700 m on 13/09/2016. If we add another 450m to it. They can easily pay US 1.15 b. Add another US 250m due the increase in IO price.
    I hope my estimate is correct.
    Good luck
 
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