I'm assuming an average iron ore price of USD$115 for the half year - and FMG to receive USD$105 a tonne. This will confirm the September divvie of AUD$1.20 as per below:
Average price received: USD$105 a tonne
FMG 'All in' cost: USD$55 a tonne (incl. C1, interest, depreciation)
Net Profit: USD$4.75 BILLION
AUD/USD Exchange Rate: $0.68c
AUD Net Profit: AUD$6.985 Billion
AUD Tax Payable (@30%): AUD$2.095 Billion
Net Profit available (for Dividend): AUD$4.89 Billion
Dividend @ 75% payout ratio (i.e 75% of $4.89 Billion) = AUD$3.67 Billion … or $1.20 a share
I'm assuming an average iron ore price of USD$115 for the half...
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |