From what I gather,
- 80% of profit is their target for dividends,
- 10 % to other growth opportunities such as Gold, or Copper
- 10% to Fortescue Future Industries - Hydrogen power, Ammonia power cells for ships etc and whatever other Tesla like things they forsee
From the half yearly presentation Page 17
Growth
Intention to allocate 10 per cent of
NPAT to fund renewable energy
growth through FFI, and 10 per cent to
other resource growth opportunities
Don't know about what others think, but 10% of net profit is roughly 1 BILLION per year for FFI to dream up things and Another BILLION for other growth opportunities to diversify
To me... That's a sh*tload for any company to be able to spend on things and will no doubt make a huge difference
- Forums
- ASX - By Stock
- Iron ore price
From what I gather, - 80% of profit is their target for...
-
- There are more pages in this discussion • 24,381 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B |
Open | High | Low | Value | Volume |
$19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4673 | $19.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.76 | 31740 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 4673 | 19.730 |
3 | 3406 | 19.700 |
3 | 70531 | 19.690 |
1 | 3000 | 19.680 |
1 | 10000 | 19.670 |
Price($) | Vol. | No. |
---|---|---|
19.760 | 31740 | 2 |
19.780 | 1500 | 2 |
19.800 | 3814 | 4 |
19.830 | 20872 | 6 |
19.850 | 28178 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |