15%? um where did you get that?? ... first dividend 5.8c was back in March 2013 when the price was $1.40+ ... I hope you didnt just add the dividends together and then use today's price??
I am quite aware of Rio's expansion projects and Roy Hill plans .. all of which can end in an instant should China hiccup and/or the price of iron ore drop below $90/tonne. I suppose this rosy story was also present well before CGH's share price fell through the floor .. and look what happened. Why dont you look at CGH's announcements before they hit 40c and see everything was A ok and the future was bright.
I strongly suggest you read their summary of the FY report ... revenue up, profit down, earnings per share down. Its all there.
again, for the traders yep its done well to bounce up .. investors beware .. I gave CGH 12 months because they are now a minnow in the EPCM industry and regardless of their acquisitions their recent resignations are a key sign on what their future holds.
CGH Price at posting:
52.5¢ Sentiment: None Disclosure: Not Held