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?
- Forums
- ASX - By Stock
- record results
big profit taking, plain and simple. its risen dramatically in...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
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. |
---|---|---|
$22.53 | 4755 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 2080 | 22.520 |
13 | 1613 | 22.510 |
12 | 1698 | 22.500 |
10 | 1306 | 22.490 |
12 | 2637 | 22.480 |
Price($) | Vol. | No. |
---|---|---|
22.530 | 639 | 7 |
22.540 | 8643 | 21 |
22.550 | 11134 | 17 |
22.560 | 1863 | 15 |
22.570 | 1416 | 10 |
Last trade - 12.04pm 05/07/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |