FMG 5.53% $20.14 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?
 
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Last
$20.14
Change
-1.180(5.53%)
Mkt cap ! $62.01B
Open High Low Value Volume
$20.65 $20.83 $20.02 $262.9M 12.91M

Buyers (Bids)

No. Vol. Price($)
1 1250 $20.14
 

Sellers (Offers)

Price($) Vol. No.
$20.15 2500 1
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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