MGX 0.00% 35.5¢ mount gibson iron limited

one for the margin loan

  1. 566 Posts.
    lightbulb Created with Sketch. 44
    Forecast dividend yield of 7.5%

    Price target (12mth) on DCF = $1.25

    Price target (12 mth) on PE = $1.25 - $1.50

    No premium for consolidation etc.

    Even if it hits $1.10 thats 30% capital growth in one year.

    Not bad for a cost of 1.5% before tax deductions.

    Don't forget Iron Ore price has been settled and the fundamentals of india, China have not changed and Euro + Japs are going great guns this year too.
 
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