Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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basilio said:
I reckon that would be good buy. Certainly taking a beating now but IMV the fundamentals are still excellent.
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my buying prices on FMG were $19.90 ( cum. div. ) $17.60 and $14.20

all in August/September 2021 ( !!! ) so you can see why i am not rushing to pay over $19 ( and no div. in the very near future )

the key here is how many of the new promises can FMG deliver on ( in a world going to Hell in a hand-basket )
 
divs4ever said:
my buying prices on FMG were $19.90 ( cum. div. ) $17.60 and $14.20

all in August/September 2021 ( !!! ) so you can see why i am not rushing to pay over $19 ( and no div. in the very near future )

the key here is how many of the new promises can FMG deliver on ( in a world going to Hell in a hand-basket )
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FMG has twice yearly dividends. The next divie will reflect the last six months trading and be payable in March. IMV it should be around the $1 mark

Dividend Summary​

The next Fortescue Metals Group Ltd dividend is expected to go ex in 1 month and to be paid in 2 months.
The previous Fortescue Metals Group Ltd dividend was 211c and it went ex 5 months ago and it was paid 4 months ago.
There are typically 2 dividends per year (excluding specials).


Latest Dividends
SummaryPrevious dividendNext dividend
StatusPaidForecast
TypeFinalInterim
Per share211cSign Up Required
Declaration date30 Aug 2021 (Mon)17 Feb 2022 (Thu)
Ex-div date06 Sep 2021 (Mon)28 Feb 2022 (Mon)
Pay date30 Sep 2021 (Thu)23 Mar 2022 (Wed)
 
basilio said:
FMG has twice yearly dividends. The next divie will reflect the last six months trading and be payable in March. IMV it should be around the $1 mark

Dividend Summary​

The next Fortescue Metals Group Ltd dividend is expected to go ex in 1 month and to be paid in 2 months.
The previous Fortescue Metals Group Ltd dividend was 211c and it went ex 5 months ago and it was paid 4 months ago.
There are typically 2 dividends per year (excluding specials).


Latest Dividends
SummaryPrevious dividendNext dividend
StatusPaidForecast
TypeFinalInterim
Per share211cSign Up Required
Declaration date30 Aug 2021 (Mon)17 Feb 2022 (Thu)
Ex-div date06 Sep 2021 (Mon)28 Feb 2022 (Mon)
Pay date30 Sep 2021 (Thu)23 Mar 2022 (Wed)
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yes but i am only factoring in 2 x $1 divs. from FMG , per year in the foreseeable future

FMG is quite welcome to exceed those expectations , if they wish ,

but i expect they will be prudent with their capital , given their expansion plans and projects

i would NOT be disappointed if FMG pointed some profits at the new projects
 
sptrawler said:
If this turns into a major correction, the dificulty will be deciding what to buy, which is a good position to be in.
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yes but DECIDING can be rather difficult

and well, that correction ( crash ) has been likely for a while but we need to smash the ( minus ) 20% barrier first , that might or might not happen this year
 
sptrawler said:
I always find it best to work out what would be a really good price, before the crash when things are going well, not while it is happening. ?
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That is probably an OK strategy when looking at individual stocks.
The problem is, when any class of asset go in either direction, they tend to overshoot and undershoot.
When the market in general heads down, I tend to wait until I see some sort of bottom pricing has been observed.
Mick
 
mullokintyre said:
That is probably an OK strategy when looking at individual stocks.
The problem is, when any class of asset go in either direction, they tend to overshoot and undershoot.
When the market in general heads down, I tend to wait until I see some sort of bottom pricing has been observed.
Mick
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am not normally agile enough to pounce on the bottoms ( or sometimes get a part-filled order when i do )

isn't so bad with LICs either ( especially if still cum. div )
 
divs4ever said:
am not normally agile enough to pounce on the bottoms ( or sometimes get a part-filled order when i do )

isn't so bad with LICs either ( especially if still cum. div )
Click to expand...
Well, the only way you are ever going to be able to see the bottom is in hindsight, i.e. when they show a deffinite turnup.
Nobody picks the bottom, unless its a complete fluke.
Mick
 
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