FMG 0.44% $22.52 fortescue ltd

big profit taking, plain and simple. its risen dramatically in...

  1. 96 Posts.
    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?
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$22.52
Change
-0.100(0.44%)
Mkt cap ! $68.84B
Open High Low Value Volume
$22.36 $22.55 $22.31 $31.25M 1.389M

Buyers (Bids)

No. Vol. Price($)
14 1759 $22.51
 

Sellers (Offers)

Price($) Vol. No.
$22.53 4755 24
View Market Depth
Last trade - 12.04pm 05/07/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.