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27/03/18
13:24
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Originally posted by frankycc
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35% discount for the "FULL YEAR"? So first half was 32% discount so we expect discount to blow out to 38% in the 2nd half of the year?
That's why FMG needs to get their IO to 60%+, and tell us how much it costs and when, not just saying they are going to do it.
Now if 38% is correct, and all things equal to H1, and we assume IOP 62% is average US$70, the H2 NPAT will be around US$470M or EPS 19.6c.
FY will be:
- NPAT US$1150M
- EPS A48c
So for PE of 10, SP doesn't look too expansive, but sentiment is negative ATM, FMG really need to release some forward plans for growth soon.
DYOR.
Frank.
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Hi frank, got an educated guess on how this will be achieved?
"That's why FMG needs to get their IO to 60%+, and tell us how much it costs and when, not just saying they are going to do it."
Are they going to blend in thier pellet pilot plant production?
Done no figures, don't know if its possible?
Raise it to 63% average just above RIO and BHP product?
Imo the Board needs to stop dragging its feet on diversified expansion as well!