Think IO will be back over $120US/T in the next few months and FMG by then will be around $25 a share.
Reporting season starts in the next month then the dividend which for me is like winning lotto twice a year.
I get my franking credits next month too which in itself is like another dividend.
Buying FMG now while its so low means a return of about 10% in dividends over 12 months and a bit more in franking credits.
Stock will go back up by about 30% so all good.
I watch it go up and down and each time its down to low I buy more with all the divs I get.
Iron ore price, page-52797
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Last
$21.60 |
Change
-0.440(2.00%) |
Mkt cap ! $66.87B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.75 | $21.48 | $114.0M | 5.087M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3958 | $21.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.60 | 9540 | 32 |
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| Last trade - 12.42pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |