FMG 2.32% $3.97 fortescue metals group ltd

Half Yearly

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    These from UBS
    We forecast FMG to report an underlying profit for H1 FY 15 of US$361m down 41% sequentially and down 54% y/y. The decline in earnings driven by a 27% sequential decline in the Platts 62 index. Net debt of US$7.5bn (up 5% from 30 Jun 14) is as reported by FMG back in Jan 15. With the current iron ore marketaffording FMG an estimated less than US$ 10/t free cash flow margin after all outgoings we believe it would be prudent for the company not to pay an interim dividend. However, we suspect the company may wish to demonstrate its confidence in the medium to longer term outlook for the market and pay a dividend, although we have cut our forecast by 50% from prior levels to A5cps.
 
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Last
$3.97
Change
0.09(2.32%)
Mkt cap $12.36B
Open High Low Value Volume
$3.89 $4.00 $3.86 $45.48M 11.51M

Buyers (Bids)

No. Vol. Price($)
7 639409 $3.96
 

Sellers (Offers)

Price($) Vol. No.
$3.98 887876 21
Last update - 16.10pm 22/10/2018 (20 minute delay) ?
(live)
Last
$3.98
  Change
0.09 ( 2.64 %)
Open High   Low Volume
$3.89 $4.00   $3.86 2764931
Last updated 15.59pm 22/10/2018 (live) ?
FMG (ASX) Chart
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