Fmg is already priced as if dividend is $1 instead of $3.50-4 ... eventual drop in iron ore is already priced in like crazy... they will be wrong on timing and FMG will print crazy dividends.
Buy share for $20
Get ~$2 maybe at full year
Cost by year end $18
Get $1 dividend first half fy22
Cost by then $17
etc
Cost base will very quickly be so low it will be priced as if dividend is half what it is the whole way.
Seems like a no brainer to me and I can't understand what other market participants are smoking. which is what usually happens before i make lots of money.
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$17.14 |
Change
-0.200(1.15%) |
Mkt cap ! $53.11B |
Open | High | Low | Value | Volume |
$17.25 | $17.30 | $17.10 | $46.74M | 2.716M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 2530 | $17.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.15 | 3918 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 15263 | 17.150 |
15 | 8777 | 17.140 |
15 | 17291 | 17.130 |
21 | 51622 | 17.120 |
14 | 41644 | 17.110 |
Price($) | Vol. | No. |
---|---|---|
17.160 | 1953 | 9 |
17.170 | 9706 | 19 |
17.180 | 10744 | 18 |
17.190 | 9137 | 17 |
17.200 | 7508 | 13 |
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