Nice day in my Stagfolio, everything up. Investing in only HARD ASSETS Companies with solid dividends/distributions has been a great solution for this difficult time we are in. The only advantage to being old I did Stagflation and fought it with youth and smarts, not having. either this time around I had to rely on knowledge and experience to retreat to only safe investments last year. Best Luck John
A
Anyone have an inkling as to when the next divvy will be announced? How will it compare to the last one?
J
Tried everything to buy today, ended up with 5 shares on a partial fill, bid what was ask, tried Market Order and that was all I got. I went back to bed. Of course Schwab charges $6.95 to trade, it was so easy in the past, I will try again on another day. Best Luck To All John
b
Great that Twiggy's back, he is the leader FMG needs to spearhead growth & new revenue streams for the company. What he has achieved so far is amazing. Golden years are ahead for FMG.
J
Thinking about taking some of my winnings out of PSX and adding dramatically to my FSUGY. Still think we will see a huge win here when the Solar Foil plant comes on line. I have been busy elsewhere, has anyone read about progress. Regards John
J
For information I would love to buy at least a 120 shares right now, problem is I am down to a couple of hundred bucks, I will have lot’s of Cash May 18th I will add 220 if it stays this low. The betting is it will be back up to at least $31.00 I would sell something but it’s all going up and I don’t want too. Hmm got to wake up and think I could prune a little here and there maybe, this is one reason I post it reminds me of relative rebalancing for some reason I seem to only have my big ones pre planned. I don’t have a clear plan for building FSUGY, for example the moment I can get 4 EPD per 1 PSX the sell all button is on go, even if PSX is on a roll, buys so much more income I have no Idea what each will be, something like $27.50 and $110.00 maybe. It truly is the multiple that counts. Hope all this might help any of you in your efforts. “Relative Rebalancing” by John will have to research that I think even though I have been using it, I hadn’t named it. Best Luck John PS Thanks for letting me ramble.
K
Fortescue is holding up. BHP RIO Vale have slided.
W
I know mining companies generally follow the price action of the underlying commodity, but Fortescue is a little more than meets the eye. "Twiggy" Forrest built this vertically integrated corporation from basically nothing to its present state in 10 years to include highly automated mining operations, their own rail transportation and ammonia-powered ore ship(s), copper and nickel exploration projects, green ammonia production, ESG bonds, and probably a lot more. They also have a decidedly "can do" corporate culture top to bottom.
J
Just bought a few more shares at $31.50, long term I have great hope for the new Solar Foil factory. Best Luck John
P
I real about this company’s massive green plans. I can’t understand why it’s stock price is crashing with unbelievable dividends & earnings? Like Zack, many analysts are screaming sell? Does this company have plenty of Australia iron deposits for future mining? Seems to me, green steel is the future of the steel industry?
K
Looks like RIO and the rest of majors are shifting to green hydrogen credits too. So, I might increase my Fortescue position. Bigger trust to CEO acumen.
A
Top 20 Aussie stock and one of the best long term 10-20% dividend stocks on the planet and a super low cost producer of a key commodity for infrastructure spending and industry. gold plated supply chain with all the best mining tech and only $1b net debt. Probably $3.50 dividends this year in total. Amazing. Hydrogen and green steel to come with FFI subsidiary. Not financial advice to do anything.
J
I was building shares steadily a few here a few there. Then Schwab caught on and changed the rules of the game, each purchase cost $6.95 so no more 2 share purchasing, like today I have scrap money for 6 shares but that that means a $1.16 more per share. So I have to actually hold enough cash to buy 50 at a time. Just messed up a good thing, but I was taking advantage and apparently I wasn’t the only one. Best Luck Everyone John
J
I bought more today with my dividends and some other dividends. November is a great distribution income month for me and I will continue to buy. I rode 200 shares all the way down. I now have 410 I will continue to buy to increase my holdings to at least 1000 I hope to get my basis under $25.00 or less. The turn has happened and although they may not get back to $40.00 for a long time they will go up. China will not keep their steel mills closed and risk permanent market share loss and will settle for a partial victory in reducing Iron Ore input cost. Fortescue will obviously use this period to diversify their customer base as much as possible. Being the lowest cost producer they of course will take share from the three larger but higher cost mines. This reminds me very much of the period after the crash in 2020 I had great distribution units one got down to a $1.68 a unit and paid $.66 distribution unreal. Of course this is not a universal crash just a strategic attack on the Iron Industry but the opportunity is huge. I know these boards have agenda driven statements, that’s not me, I sincerely want everyone to do well I have been blessed to even be functional. I hope my ramblings help anyone, as a kind soul helped me about the $1.68 shares I paid $9.00 for which ended today at $8.44: it still pays $.66 but if you bought and bought at 2,3,4,5,6,7 it does add up. He told me they are a solid company not going away buy all you can. The time to buy is when it’s down of course it could dip lower but it will recover over time. Best Luck to All John
J
Good news, Zacks just moved FSUGY to a number 5 must sell yesterday. Of course it went up, who recommends you sell at the bottom and buy near the top, Zacks. Best to all I will be reinvesting my dividends. John
F
@Katerina @John. John first, people are very excited about this company and if you watch the trading on the home Australian symbol, FMG.AX, you will be astounded by the volume. I too was very perplexed over the last year with the lack of trading on our U.S. ADR, FSUGY or the other one that represents only one share of the Aussie ordinary shares. I can't wrap my mind around how big institutional investors trade in the Aussies shares but I assume they have Aussie trading accounts. This was my largest single holding until the price collapsed mid year. So I not only lost a lot of face value, but I also got nervous and sold 25% of what I owned. I still have enough to where if it came back into mid 30's, it would still be my largest holding. So Katerina, I have been confused how we can be the lowest cost producer with a low grade iron ore. I am clearly able to do that math. It must be that we have lower mining costs and shipping costs, but the product itself is not high grade. Who has the best quality and is it good enough to offset their higher production costs?? Last but not least, I also own quite a bit of South 32, which is basically an Aussie Aluminum producer and secondly has huge Manganese reserves and production. Also, S32 recently got into copper in Chile in a big way! So there is no overlap with these two companies at all. For instance, I would never buy VALE in addition to FMG. Your thoughts on SOUHY?? Katerina, I gather that you think he is going to use a lot of our Iron ore cash flow to fund the whole Green Ammonia / Blue Hydrogen plan? I am neutral on it. I value your thoughts on that as well.
F
For all of you below discussing FMG future dividends and future hydrogen production. There will be billions in build out costs for hydrogen production facilities. Here is my rub. Where is all this hydrogen capital coming from? I really wish he would have retained even half of that $10 billion payout last month. It would simply be insane to borrow money to build out hydrogen facilities when we had it sitting in the bank. Instead, he pays it all out to us and then announces this entire new expensive plan. I am all for the hydrogen plan, I just want to use iron ore money to do it, not bank money or new bonds.
R
On the plus side-Under statistics: Low P.E. of 5.83, 52 wk. change 108.68%, high R.O.E. of 31.35%, (yoy)Q.R.G. of 100.3%, (yoy) Q.E.G. of 1184.3%. These are AMAZING NUMBERS!
On the minus side-Under Historical Data: Annual Stock closing price 12/01/2014 $4.45, 2015 $2.68, 2016 $8.38, 2017 $7.64, ------------------------------------------------2018 $5.95 and currently @about $12.00/share. Add to these the irregular dividends, there is a lot to be desired.
For the current and next year, at the least, a quarterly dividend of $0.30 or a semi annual of $0.60 should go a long way to prove the validity of the "statistical" estimates of the company's growth to be trusted.
Currently owns 5k shares and FSUGY may soar again to a higher level (imho).
G
I've been a long of FSUMF, the OTC of FMG, for several months. Will I receive this latest dividend?
s
Torn between this and RIO. Both are down big in the last three months. Both have strong balance sheets, history of profitability (even when iron ore was less than half current price), making billions, paying big dividends, etc. Both seem like bargains. Which is better?
to being old I did Stagflation and fought it with youth and smarts, not having. either this time around
I had to rely on knowledge and experience to retreat to only safe investments last year.
Best Luck
John
Order and that was all I got. I went back to bed.
Of course Schwab charges $6.95 to trade, it was so easy in the past, I will try again on another day.
Best Luck To All
John
Still think we will see a huge win here when the Solar Foil plant comes on line. I have been busy
elsewhere, has anyone read about progress.
Regards
John
hundred bucks, I will have lot’s of Cash May 18th I will add 220 if it stays this low. The betting is
it will be back up to at least $31.00 I would sell something but it’s all going up and I don’t want too.
Hmm got to wake up and think I could prune a little here and there maybe, this is one reason I post
it reminds me of relative rebalancing for some reason I seem to only have my big ones pre planned.
I don’t have a clear plan for building FSUGY, for example the moment I can get 4 EPD per 1 PSX the
sell all button is on go, even if PSX is on a roll, buys so much more income I have no Idea what each
will be, something like $27.50 and $110.00 maybe. It truly is the multiple that counts.
Hope all this might help any of you in your efforts. “Relative Rebalancing” by John will have to research
that I think even though I have been using it, I hadn’t named it.
Best Luck
John
PS Thanks for letting me ramble.
Best Luck
John
game, each purchase cost $6.95 so no more 2 share purchasing, like today I have scrap money for 6 shares
but that that means a $1.16 more per share. So I have to actually hold enough cash to buy 50 at a time.
Just messed up a good thing, but I was taking advantage and apparently I wasn’t the only one.
Best Luck
Everyone
John
month for me and I will continue to buy. I rode 200 shares all the way down. I now have 410 I will continue to buy to increase my holdings to at least 1000 I hope to get my basis under $25.00 or less.
The turn has happened and although they may not get back to $40.00 for a long time they will go up.
China will not keep their steel mills closed and risk permanent market share loss and will settle for a partial
victory in reducing Iron Ore input cost. Fortescue will obviously use this period to diversify their customer
base as much as possible. Being the lowest cost producer they of course will take share from the three larger
but higher cost mines. This reminds me very much of the period after the crash in 2020 I had great distribution units one got down to a $1.68 a unit and paid $.66 distribution unreal. Of course this is not a
universal crash just a strategic attack on the Iron Industry but the opportunity is huge.
I know these boards have agenda driven statements, that’s not me, I sincerely want everyone to do well
I have been blessed to even be functional.
I hope my ramblings help anyone, as a kind soul helped me about the $1.68 shares I paid $9.00 for which
ended today at $8.44: it still pays $.66 but if you bought and bought at 2,3,4,5,6,7 it does add up.
He told me they are a solid company not going away buy all you can.
The time to buy is when it’s down of course it could dip lower but it will recover over time.
Best Luck to All
John
Best to all I will be reinvesting my dividends.
John
(yoy) Q.E.G. of 1184.3%. These are AMAZING NUMBERS!
On the minus side-Under Historical Data: Annual Stock closing price 12/01/2014 $4.45, 2015 $2.68, 2016 $8.38, 2017 $7.64,
------------------------------------------------2018 $5.95 and currently @about $12.00/share. Add to these the irregular dividends,
there is a lot to be desired.
For the current and next year, at the least, a quarterly dividend of $0.30 or a semi annual of $0.60 should go a long way to prove the validity of the "statistical" estimates of the company's growth to be trusted.
Currently owns 5k shares and FSUGY may soar again to a higher level (imho).