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- 8 March 2007
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What about if they threw in a few Fly Buy Points?
What about if they threw in a few Fly Buy Points?Yeah The near 50% DD certainly aren't for everyone , this is why FMG never a buy and hold for me . Happy to take those 2-3month 40% ish rallies though . will never hold for a Div though
I have been holding for over 10 years now, it’s the Best investment I have ever made, and I have a lot of good ones to choose from.Yeah The near 50% DD certainly aren't for everyone , this is why FMG never a buy and hold for me . Happy to take those 2-3month 40% ish rallies though . will never hold for a Div though
I am happy for you , some people dont mind the 75% DD , i do . Happy to trade FMG though but i only hold it when it goes upI have been holding for over 10 years now, it’s the Best investment I have ever made, and I have a lot of good ones to choose from.
Every 1 cent in Dividend is $2,400 in my pocket, so you do the math on some of the dividends I have been getting over the past 10 years, and you will quickly see why I retired at 36 years old(but yeah this buy and hold collecting dividends isn’t for everybody)
I am happy for you , some people dont mind the 75% DD , i do . Happy to trade FMG though but i only hold it when it goes up
I aint no slouch either champ and i certainly dont work for the man either
I get dividends every week , now lets leave the dick slinging ego **** where it should be Mr Figjam . not on channel
I had this guy on ignore from the getgo when i first posted here and i took everyone of ignore couple days back , wont be doing that again
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I reckon at these levels FMG should be considering a buy back.I wonder if/when Twiggy will come back into the market and buy FMG shares ? He has done so in the past when he believed they were badly oversold. Would be an interesting vote of confidence for him to step back into the market and increase his stake.
I understand what you are saying from a valuation perspective but from a balance sheet perspective it could be questionable. Fortescue already has $500 million of debt which is admittedly modest in relation to its assets and cash flow generation but the green energy side of the business is highly capital intensive and could suck in a huge amount of additional capital over the next 5 years hence it would be prudent for them to maintain a strong balance sheet to avoid any capital raising in 2 or 3 years time to have to fund the green energy side of the businessI reckon at these levels FMG should be considering a buy back.
I was never in favour of FMG taking on the green energy business.the green energy side of the business is highly capital intensive and could suck in a huge amount of additional capital over the next 5 years hence it would be prudent for them to maintain a strong balance sheet to avoid any capital raising in 2 or 3 years time to have to fund the green energy side of the business
Hum, some big players need to offload?best in class?
. from Market Index:
iron ore miner (and green energy hopeful) Fortescue (ASX: FMG) took out top spot for the most upgraded ASX company during August earnings season with an impressive six upgrades. This is especially impressive considering the next best cohort were at three upgrades, and most companies only gathered two.
Having said that, there should be some context here – none of the major brokers had FMG at a BUY prior to its recent share price plunge – and Bell Potter and RBC Capital Markets were running at SELL (all others were at HOLD). Those two sell ratings are now a notch higher at hold, and nervous FMG shareholders may take heart from the fact that the other four brokers increased their ratings to buy/buy equivalents (e.g., “ADD” or “OVERWEIGHT”).
If you check out the recent presentation, you will see that the capex for green energy is quite modest, and it’s FMG’s Intention to sell down some of the equity in these projects over time.I understand what you are saying from a valuation perspective but from a balance sheet perspective it could be questionable. Fortescue already has $500 million of debt which is admittedly modest in relation to its assets and cash flow generation but the green energy side of the business is highly capital intensive and could suck in a huge amount of additional capital over the next 5 years hence it would be prudent for them to maintain a strong balance sheet to avoid any capital raising in 2 or 3 years time to have to fund the green energy side of the business
Or just like blind Freddy they can see the recent share price drop has made the company a bargain, and all but guaranteed a long term position taken at this level will be highly rewarded over time through dividends and likely capital growth.Hum, some big players need to offload?
Yeah, you watch after they've taken everyone's money, they'll be telling everyone it's the greatest stock under the sun.Hum, some big players need to offload?
Twiggy is too far ahead of his time with hydrogen, the EU will eventually penalise anyone landing in their territory that's not using green fuel. They'll eventually get rid of carbon credits that most of them are using ATM. Many things in this domain are happening in the background that aren't hitting mainstream media. Whether they can use other energy methods to get there or how feasible it is to use hydrogen is yet to be seen.Or just like blind Freddy they can see the recent share price drop has made the company a bargain, and all but guaranteed a long term position taken at this level will be highly rewarded over time through dividends and likely capital growth.
Sure if you believe those projections which are likely to be optimistic. In my mind its the sort of thing that is likely to go way over the capex budget and also my gut feeling is they will add even more new green energy projects to the pipeline over the next few years.If you check out the recent presentation, you will see that the capex for green energy is quite modest,
I don't follow Fortescue too closely, but I know you do. Can you run us through what the numbers for earnings per share for Fortescue would look like for the next few years if Iron Ore goes to U.S. $70 per tonne and stays there.Or just like blind Freddy they can see the recent share price drop has made the company a bargain, and all but guaranteed a long term position taken at this level will be highly rewarded over time through dividends and likely capital growth.
Yeah, whether they are building mines of green energy, so things will have cost over runs, but over the years the annual projections have been pretty accurate, and capex will probably not be more than retained earnings and depreciation.Sure if you believe those projections which are likely to be optimistic. In my mind its the sort of thing that is likely to go way over the capex budget and also my gut feeling is they will add even more new green energy projects to the pipeline over the next few years.
I have run through all that in the past, as a basic rule of thumb, I use $35 as their break even price, and every $1 above that figure adds around $0.50 profit per tonne, so you can multiply that by tonnes produced and divide by shares outstanding, That gives you a rough idea of profitability per share.I don't follow Fortescue too closely, but I know you do. Can you run us through what the numbers for earnings per share for Fortescue would look like for the next few years if Iron Ore goes to U.S. $70 per tonne and stays there.
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