FMG 1.02% $18.44 fortescue ltd

Wow is all I can say. I think Dalian peaked at around 1170 Yuan...

  1. 453 Posts.
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    Wow is all I can say. I think Dalian peaked at around 1170 Yuan last December. Can we dream of breaking the 1200 Yuan?
    If so then we could be looking at 180 USD on other markets. I think the reason for the strong price increase is that the spike in reported virus cases has reduced these past 3 weeks. If that holds I think we can expect 180-200 USD to become a reality.

    An average price 62% plat price of say 165USD (we are a few dollar bellow that right now) would give us an increase in revenue of around 30%.
    But because costs are not increasing (currency exchange will still affect that) that will mean an actual increase in net profit of around 35% compared to 1st half of the FY21. So from this, depending on where it actually lands with the 6 month average, outside a big increase or decrease (prices increasing above 190/200USD or prices falling below 130USD) then we are looking at a 1.80 to 2.10 Aud dividend.

    Big smiles here today. I estimated 1.45aud dividend and they beat it by 2 cents. Maybe I would be better working for the banks than the clowns currently estimating EPS.

 
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$18.44
Change
-0.190(1.02%)
Mkt cap ! $56.77B
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$18.86 $18.95 $18.12 $237.9M 12.86M

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No. Vol. Price($)
1 500 $18.42
 

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$18.45 4950 4
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Last trade - 16.10pm 28/08/2024 (20 minute delay) ?
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