BHP though had to mothball its nickle operations so their profits will be lower in the coming years.
FMG is increasing the volume of IO by 30 million tonnes a year which means higher profits.
FMG a year ago did this as well. It recently went from $29.95 to what it is now before the recovery starts.
Last year it dropped from what was it about $26 to $19 and then recovered later in the year.
IO this time of the year is low and been that way for years except one year when it went quite high
pat $200US/T.
Dividend will be better than BHP.
BHP is a $40 stock where FMG ought to be a $30 stock but at a low discount so the next divvy will be yields is
currently at 11.3% where BHP yield is currently at 5.73%
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$16.66 |
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Mkt cap ! $51.29B |
Open | High | Low | Value | Volume |
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View Market Depth
No. | Vol. | Price($) |
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1 | 600 | 16.650 |
3 | 3854 | 16.620 |
6 | 123818 | 16.600 |
1 | 17431 | 16.590 |
1 | 15712 | 16.580 |
Price($) | Vol. | No. |
---|---|---|
16.670 | 40000 | 1 |
16.690 | 7146 | 2 |
16.700 | 4559 | 4 |
16.730 | 1000 | 1 |
16.740 | 12642 | 2 |
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