FMG 5.53% $20.14 fortescue ltd

Iron ore price, page-15744

  1. 628 Posts.
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    Pretty sure FMG don't hedge, as it costs money to hedge and they don't need to.
    The $65 realised price was mainly due to second half, Q1 $45 Q2 $48 Q3 $71 Q4 $92
    Reckon this FY20 will be even better, therefore PE of 5 is way undervalued.
    Just keep collecting them juicy dividends.

 
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