JBM jubilee mines nl

jbm down but like a champ not out

  1. Tom924
    3,792 Posts.
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    24/02/04
    23:05
    Post #: 394934
    JBM's share price got punched in the guts today. So I did some maths to make me feel better. If nickel were to drop more & average $12,000 US p/t(not gonna happen imho) for the rest of the half & the Aussie dollar was to average 80cents against the USD. JBM will still increase their earnings per share compared to last half. Giving 85cents p/share. A 30 cent final dividend would give 50 cents for the year at todays price. A yield of 11.62 % partially franked. I believe these numbers to be worse case scenario & the upside to be huge.The numbers I did in more detail on asxboard.com under nickel.

    Regards,
    Tom.
    JBM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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