FMG 4.01% $19.73 fortescue ltd

Iron ore price, page-16512

  1. tpg
    1,735 Posts.
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    so using my EPS predictor which is last years P&L with minor corrections which was basically spot on and conservative
    for 2019 1.29(me) vs 1.47(FMG)
    and based on 58% at avge USD 92 for the quarter ( basically the same as last Q4 2019 ) and AUD/USD of 0.68
    my financial model gives AUD 3.34 for a full year or EPS 84c for the quarter
    more than enough EPS for full year for current SP
    when they release the Q1 numbers on 24th of Oct
    the whole world will see what a money machine FMG is
    perhaps they will go to quarterly dividends? GLTAH biggrin.png
 
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