I am of the view EFT has no shares at all and is simply jealous of us that have shares.
He was saying not long ago IO would drop to $50US/T and FMG would drop top $15 a share.
The dividends for FMG is just about the best ion the ASX where they put 50% to 80% of profits into dividends.
Next years dividends going to get up past $1.25 due to far more iron ore they'll be selling along with
more FFI sales.
FMG has port permission to go from 182m/T to 210m/T for the next financial year.
That extra 28 million tonnes will make a difference to the dividends.
I think the next one as it is for late September will be anything from $1.08 to $1.25
They've had good sales with FFI products of late too.
The next few months I see FMG going past $26 a share.
I am of the view EFT has no shares at all and is simply jealous...
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Last
$18.28 |
Change
-2.070(10.2%) |
Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.26 | $482.3M | 26.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8480 | $18.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |