I agree with you. BUT, nowadays there are the Bots to contend with and I fully support the way this buyback is being conducted. I am pretty darn sure that if this buyback strategy were not with us today, FMG share price would definitely have been manipulated down to the low 3.00 dollar area. So to sacrifice 15 cents worth of dividend to be 1.00 dollar ahead of where we could have been is fine by me. I originally thought that it would have been cash wasted, but the way they have conducted it has been a blessing to the share price. The Bots will be back but hopefully we will be a lot higher when they come again.
Iron ore price, page-9068
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |