FMG 5.53% $20.14 fortescue ltd

digity, that is bang on why i think this company is a no...

  1. 96 Posts.
    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.)
 
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$20.14
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$20.65 $20.83 $20.02 $262.9M 12.91M

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No. Vol. Price($)
1 1250 $20.14
 

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Price($) Vol. No.
$20.15 2500 1
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