FMG 1.56% $18.97 fortescue ltd

FMG Technical Analysis, page-6991

  1. 157 Posts.
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    The stock is now trading below the stopped out dividend.
    while it’s normal for stocks on ex date to fall by as much as their dividend payout. Fmg was doing quite well before trading a little higher than it’s payout but this reversed as trading continued.
    as a holder this would not concern me at all.
    the debt level is manageable but I would like to see this 4.5bil eliminated.
 
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