FMG 1.26% $18.75 fortescue ltd

Repost - Query concerning FMG cost coverage and breakeven, page-2

  1. 197 Posts.
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    G'day bpinvestnstocks

    My guess is the Capex figure of 2,6 refers to the interest due on the principle of 5,614

    5,614 / 170 * 7.9% =   2.60   (where did I get the 7.9% , my guess)

    The principle is not due until 2019 and 2022 but can be paid down when excess cash is at hand ( as demonstrated over the last couple of years with early debt repayments)

    I have the upmost faith in the direction the Management is driving this business
 
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