big profit taking, plain and simple.
its risen dramatically in just weeks (up 20%), buy the rumour sell the fact.
i like the 30-40% divi payout ratio.
assume IO price suffers a bit of weakness, in FY 15 FMG make $3.4 billion Profit ($20-25 margin). 30% is a bit over $1 billion, and assuming no dilution (tongue in cheek) that is about $0.35 divi, and being relatively conservative.
the realist in me says $4b profit, 40% pay out, $0.55 dividend.
the optimist says margins will be $35, profit $5.5 bill and $0.70 dividend.
show me a resource stock with that potential coupled with relative market security.
anyone want to guess when twiggy becomes Australia's richest man?
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Last
$18.29 |
Change
-0.275(1.48%) |
Mkt cap ! $56.31B |
Open | High | Low | Value | Volume |
$18.70 | $18.72 | $18.21 | $124.7M | 6.773M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 7324 | $18.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.29 | 5028 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 4226 | 18.250 |
34 | 20556 | 18.240 |
20 | 20652 | 18.230 |
30 | 29950 | 18.220 |
31 | 51063 | 18.210 |
Price($) | Vol. | No. |
---|---|---|
18.260 | 14552 | 34 |
18.270 | 18468 | 20 |
18.280 | 9694 | 18 |
18.290 | 7152 | 19 |
18.300 | 9349 | 11 |
Last trade - 15.20pm 30/08/2024 (20 minute delay) ? |
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