digity, that is bang on why i think this company is a no brainer.
risk has effectively gone, and assuming a $110-120 IO price over the next 5 yrs should yield annual profits of circa $5 billion. 30% payout ratio is $0.50c, or 8% on today's price.
can anyone fault this logic? I gather IO price will be ridiculed, but i have faith in its sustainability (outside of wars/GFC MKII/etc.)
half yearly results, page-8
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| FMG (ASX) Chart |