FMG 1.93% $21.67 fortescue ltd

Iron ore price, page-52626

  1. 3,260 Posts.
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    Most years its that end of second week in June when its at its lowest before it starts to rise again.
    Some times it can go into early July before it picks up again.

    I am not worried.

    I think it will go past $30 a share this year and as mainly happens on that recording period of the dividend it drops by
    the same amount as the divvy and drops a bit more before the next rise.

    I am thinking $28 come September then dropping to $25 in the recording of divvy time then back up over $30 for the first time.

    It seems to be the way these shares always seem to go.
    It used to range at a high $26 then drop back to $18/$19.

    Now the range might well be $29 to $22 or just under $22.

    Its the dividend and franking credits I care about.


 
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