no I had 550k up until yesterday and bought the extra 100k today at $6.04
dividend 550k x 0.30 = $165k which covers margin loan interest for just over 18 months
assuming no margin calls and I don’t sell in the meantime hope to pick up another 0.15 to 0.20 full year dividend
risky business though lot of pain over the years, hopefully bad days are in the past now
FMG is a great company and have placed themselves in a great position. No longer saddled with expensive debt and cut costs dramatically
bit of luck with the IO price and reduced grade discount will see FMG rated blue chip
diversification or major find will be the icing on the cake
put my money where my mouth is, hopefully this time no more pain and so stays at least above $6.00
no I had 550k up until yesterday and bought the extra 100k today...
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |