I guess most of you guys follow Live Wire (I recommend it)
A recent interview (06 Aug): (apologies if its been posted before)Fortescue Metals Group (ASX:FMG)
Ally Selby: Okay Don, we've asked you to bring along a stock that you have high hopes for this reporting season and beyond. What have you brought for us today?
Don Hamson (BUY): Well, no surprise I like iron ore. And Fortescue is a pure-play and we expect some great dividends out of them. In fact, they're trading on a huge yield already, but we expect with the dividend increase, it's going to get even better. But even now it's trading on a historic yield of 15% when you include franking. So that's incredible. Yes, there are risks on the iron ore price, but it's going to deliver a very good result and a great return of cash and franking credits to shareholders.
Iron ore price, page-35248
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Last
$22.63 |
Change
0.530(2.40%) |
Mkt cap ! $68.93B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $39.34M | 1.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 7261 | $22.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.63 | 3337 | 8 |
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| Last trade - 12.39pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |