19 is new 2029 Feb 2016 14:31
as ceiling...makes sense with 70p of div
...question is: how soon (if at all) will sp retest 15?
...with strong forecast jump in earnings next year imv unlikely given
.. (1) cont long dated weakness in global demand and possibility of significant neg shocks in eu, china and the oil producers...
..(2) slow inelastic supply response to lo iron ore prices, made worse by fortescue's ability to bring cash op costs shaply lower
...what happens as analysts see future more clearly... and revise down their forecast earnings (sharply)???