Based on $3.50 total dividends for fy21 @ 5% yield gives a fair share price of $70 per share.
Even if we only maintained $2 dividend long term = $40 per share.
I just don't understand how dumb the ASX and all the brokers are to have fmg at a share price implying dividends long term of only $1.30 pa.
I am holding 120,000 shares, so i just can't buy more unless I put them on Afterpay haha.
Iron ore price, page-34415
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Last
$26.91 |
Change
-0.330(1.21%) |
Mkt cap ! $83.22B | |||
| Open | High | Low | Value | Volume |
| $27.24 | $27.25 | $26.88 | $57.93M | 2.143M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 3025 | $26.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.92 | 15966 | 56 |
View Market Depth
| Last trade - 15.54pm 21/05/2024 (20 minute delay) ? |
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Last
$26.91 |
Change
-0.330 ( 1.46 %) |
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| Open | High | Low | Volume | ||
| $27.25 | $27.25 | $26.89 | 494294 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| FMG (ASX) Chart |