Sean K
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I wonder if ASIC are going to ask for some real justification for this claim? I think last FY FFI paid itself more in administration costs than operations. Any income?
It’s a $1.72 dividend including the franking.The only problem I see with FMG is someone like Hu Flung Dung in a radar control tower on the Western side of the Taiwan Strait getting his p's and q's mixed up with the American cousins playing a Boxing Day Syd-Hob in the Strait and pulling a pin so's the Chinese cousins become warry, fling dung and FMG is collateral damage.
I was looking at buying today for the divi but nobody else seemed to be, as it dropped nearly 5%, so I didn't.
The divi is not inconsequential and good luck to the long term holders.
View attachment 146078
So it's a divi of $1.21 ff vs a drop of $0.98 with a way to go before it gets paid and in between some news on the Gladstone effort. And other Iron Ore companies run the same risk with a lesser divi though BHP and RIO are more diversified.
I should have bought at $14 in Nov 21, too greedy I was, and again good luck to those who bought at $2 and $4.
View attachment 146079
gg
FFI is basically a renewable energy start up, with a ship load of funding behind it, it’s totally possible if it was a Silicon Valley based company listed on the nasdaq it would get a super high valuation.I wonder if ASIC are going to ask for some real justification for this claim? I think last FY FFI paid itself more in administration costs than operations. Any income?
View attachment 146083
FFI is basically a renewable energy start up, with a ship load of funding behind it, it’s totally possible if it was a Silicon Valley based company listed on the nasdaq it would get a super high valuation.
That’s a great point, FMG buys 100’s of Millions of dollars worth of fuel and electricity each year, what other renewable energy start up can say they have a customer lined up that will not only take $100’s of millions of dollars worth of fuel, while also helping to fund the construction of their infrastructure?Forrest on why FFI might already be worth $US20 billion
“Fortescue can and will lead the green energy revolution,” Forrest said. “Energy must change. We have no choice. I mean, if you’re advocating for anything else, then you’re either economically or scientifically ignorant, or both.
He later added: “We chop through, like all the others, a few billion dollars a year in fossil fuels. We literally smoke it. It will be a great day, and I think it’s serious revenue and margin improving day, when we can make all our own fuels.”
Forrest told analysts that informal discussions with global funds managers indicated a potential value of $US20 billion ($A29 billion) for its Fortescue Future Industries offshoot, which is leading the company’s charge into green energy.
That, of course, is a notional valuation, and Forrest says he currently has no intention of separately listing the subsidiary.
FMG announced a FY 2022 final dividend of $1.21 which is a very solid result.
I was working out the yield the dividend represents based on certain entry levels, and I realised that even if you purchased your FMG shares right at the peak of $26 18 months ago, you have been earning 15% dividend (including franking) over that 18 months, not a bad income return while you wait for FMG’s true value to be recognised.
Of course if you purchased sub $20 your dividend return has be amazing.
Will see, i still have buys but lower than today'syes , i bought in , on the hope FMG could maintain a 2 x $1 divs. ( per year ) ( most years )
and i probably should have been more aggressive in my dip buying while sub $20 , but how much FMG do you hold ( compared to other stocks and sectors ) ??
on the flip side i may not be alive to see 'FMGs true value ' but 10% plus returns are pretty good , thanks very much
and i probably should have been more aggressive in my dip buying while sub $20 , but how much FMG do you hold ( compared to other stocks and sectors ) ??
So if you have held for the last two dividends, your $17.85 per share has been earning you 16.5% dividend (inc franking), you have to be happy with that.my av. SP is just over $17.85 with my lowest buy at $14.20 ( and my highest at $19.90 )
so MAYBE sub $17 will tempt me to nibble some more , but no guarantees on that
happy with FMG so far , a little apprehensive of them rushing FFI investment ( it is easy to do )So if you have held for the last two dividends, your $17.85 per share has been earning you 16.5% dividend (inc franking), you have to be happy with that.
FMG is less than 5% of a very diverse portfolio so have room to add if the price is right , but then again FMG isn't the only solid stock in town ( there are a few , but not a plague of them )I am about 50% FMG, as FMG grew in value it has ballooned to a major holding in my portfolio, so I am not actively adding to my FMG holding any more, but am happy to hold and am not selling.
75% of the after tax dividends go towards my spending money, and 25% is used to grow my portfolio in other areas.
happy with FMG so far , a little apprehensive of them rushing FFI investment ( it is easy to do )
FMG is less than 5% of a very diverse portfolio so have room to add if the price is right , but then again FMG isn't the only solid stock in town ( there are a few , but not a plague of them )
the trick is to have a different stock doing the heavy lifting when iron profits are down ( as rising costs will surely cause )
Yep, I agree diversification is important, I own a range of different investments outside FMG including the VAS and VGS which provide a lot of diversification.happy with FMG so far , a little apprehensive of them rushing FFI investment ( it is easy to do )
FMG is less than 5% of a very diverse portfolio so have room to add if the price is right , but then again FMG isn't the only solid stock in town ( there are a few , but not a plague of them )
the trick is to have a different stock doing the heavy lifting when iron profits are down ( as rising costs will surely cause )
I look at purchasing each year with the dividends that I received since the last time that I purchased. I would figure that FSUMF will retest last year's low of $10.25 before the end of the year. If it does not... I add the dividend money into the next year. Investing is not a race. I have been accumulating FMG since 2004. The most that I paid was $41.29 which underwent a 10-1 split. The least I have paid is $1.5. I would expect the price this year to be less than $10.25 as the exchange rate is 9% greater. All amounts are in US dollars. My expectation is that FMG will trade between $15.00 - $13.50 (AUD) after dividend is paid within the next year... So my plan is to purchase half of the dollar amount at the $15.00 (AUD)... then 25% at $14.75 (AUD) and then the balance at $13.50 (AUD)... I might not purchase this year but the dividend money will be moved to the future so I will eventually purchase.To buy or not to buy, that is the question.
3.25 pm 2/9/2022
gg
Still have time. Can't see any amazing news that will cause it to jump in value.To buy or not to buy, that is the question.
3.25 pm 2/9/2022
gg
Well I did.To buy or not to buy, that is the question.
3.25 pm 2/9/2022
gg
Helps that Iron Ore futures are soaring as BHP gained +3.41% as wellWell I did.
FMG is advancing again in spite of a tasty dividend.
Twiggy Forrest !
Always follow the mad and the dreamers is what I say.
gg
Just shows you picking entry and exit levels are hard.Still have time. Can't see any amazing news that will cause it to jump in value.
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