The 25c Dividend was required to roughly break even on FMG. My initial entry prior the dividend was fairly late in the short-term uptrend. But even assuming a near optimal long entry into FMG around $4.90 back in June 27, a trader would be now only breaking even with the 25c dividend included. Any long trade entries into FMG post ex-dividend day (Sept 01), would be now sitting on ~ 22% capital loss.
The trend is still down. SYR and LYC are also recently starting to look like the bears are in control. There are too many stocks trending up to bother with FMG at present. But it pays to keep an eye on FMG for a future breakout rally.
Other stocks in the portfolio contribute to break even, small gains, large gains, and small losses. Large losses are not permitted.
(ACX_ALQ_ALU_ASL_A2M_BAL_BKL_BSL_BUB_CWY_EHE_EVN_ILU_SDF)
The 25c Dividend was required to roughly break even on FMG. My...
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Last
$19.50 |
Change
0.620(3.28%) |
Mkt cap ! $60.03B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.50 | $18.97 | $134.1M | 6.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $19.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 30744 | 25 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |