Morning folks.
Good to see UBS lift its Target price for FMG this morning by a whopping 29% to $17.50
Lets see how much the likes of JP Morgan, Citi, Credit Suisse, etc lift their under-valued target prices by over the next fortnight.
To assist those fools, I have attached my revised Full-Year dividend estimates below:FMG2H production: 89 million tonnes
FMGaverage price received: USD$81 a tonne
FMG'All in' cost: USD$40 a tonne (incl. C1, interest, depreciation)
2H Net Profit: USD$3.65 BILLION
AUD/USDExchange Rate: $0.65c
AUD 2H Profit: AUD$5.614 Billion
AUDTax Paid (@30%): AUD$1.684 Billion
NetProfit available for Dividend distribution: AUD$3.93 Billion
Full-YearDividend @ 80% payout ratio (i.e 80% of $3.93 Billion) = AUD$3.144 Billion … or$1.02 a share
FMG Full-Year Dividend !!
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Last
$22.72 |
Change
-1.390(5.77%) |
Mkt cap ! $74.23B | |||
| Open | High | Low | Value | Volume |
| $22.25 | $22.93 | $22.13 | $138.2M | 6.407M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1746 | $22.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.72 | 9915 | 25 |
View Market Depth
| Last trade - 12.37pm 01/03/2021 (20 minute delay) ? |
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Last
$22.68 |
Change
-1.390 ( 6.26 %) |
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| Open | High | Low | Volume | ||
| $22.29 | $22.93 | $22.21 | 958956 | ||
| Last updated 12.58pm 01/03/2021 (live) ? | |||||
| FMG (ASX) Chart |