H1 notes:Realised price (US$dmt): 80.36Ore shipped (wmt): 88.6
NPAT (US$ billions): 2.464
FY20 Guidance: "Shipments at the upper end of the range of 170 -175wmt."
Which leaves between 81.4 - 86.4 wmt to be shipped in the second half.
Company indicated no impact of corona virus on shipments.
January Average Price: US$92.85
February Average Price: US$86.40
Average Price for 2H20 first two months: US$89.85
Data gathered from Rurenga's morning posts (thanks - very reliable)
And to make it a little bit better, Aussie dollar is sitting at 64.92 cents.
Overall, second half of the financial year shaping very strongly to start the year. Even though FMG will be very slightly shipping less iron ore in the second half, we may see NPAT greater than 1H, which saw a 76cent (roughly 7%) dividend at only 65% of our maximum 80% payout.
If the share price does continue to drop however, definitely a good opportunity for the company to use the buyback, especially with the Aussie dollar being so low.
Good luck all and DYOR.
H1 notes:Realised price (US$dmt): 80.36 Ore shipped (wmt):...
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