Think we'll see FMG hit $28 soon leading up to the expected massive dividend people will swoop in and it will go up quite a bit then what seems to happen not long after the divvy announcement is the share price drops like a brick up to the pay out date then rises again.
Could even hit $30 in the next month or two.
Remember last period where it rose about $6 a share on speculation of the dividend and once we know what the dividend is it soars a bit more then drops back in a never ending cycle.
Even when it drops back in the next cycle it won't drop back to $18 but probable about $24 so the long term graphs keep on rising.
Previous divvy cycle it went from $15 to $26 quite quickly then dropped back to just under $19 and again as we get closer to the next profit statements we see it soaring again.
So I see it hitting $30 in the next month or two then dropping back to about $24 then rising again.
Iron ore price, page-33742
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |