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.
one for the margin loan
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Last
35.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $432.5M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 35.5¢ | $162.6K | 457.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 309498 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 142384 | 3 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |