@rurenga includes it in his posts at the end of each day - something I find of interest.
It was cleverly worded and can be amended or varied as I read it and can even be extended should the board see fit. At the
time it was introduced it put a floor to the price. The board would be aware of the profit and saw the value and protected us
from what could have been a nasty drop in share price had shorters attacked.
I tend to think of it as a protection from the possibility of a massive short attack. A bit like wearing braces and a belt.
The braces being the fundamentals and the profit we are generating but the belt as a 'just in case'.
Personally I would like to see it extended for another year given all the negative talk we so often hear generally. That is while
shorting is still legal and profitable to those who do it. Should shorting be banned, something that wouldn't happen quickly,
there may not be the need for it.
Josh Frydenberg wants companies to invest more, which we are doing, but keeping this money aside for a further BB might be
something someone of influence could talk to him about.
Not everyone will agree with me maybe and I would like to hear other opinions too on this subject.
- Forums
- ASX - By Stock
- FMG
- FMG Technical Analysis
FMG Technical Analysis, page-3846
-
- There are more pages in this discussion • 7,637 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$17.97 |
Change
0.710(4.11%) |
Mkt cap ! $54.95B |
Open | High | Low | Value | Volume |
$17.30 | $18.03 | $17.13 | $198.6M | 11.21M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 31540 | $17.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.98 | 24196 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 31540 | 17.950 |
1 | 34 | 17.940 |
2 | 200 | 17.920 |
1 | 100 | 17.910 |
3 | 3734 | 17.900 |
Price($) | Vol. | No. |
---|---|---|
17.980 | 24196 | 6 |
17.990 | 200 | 1 |
18.000 | 1934 | 6 |
18.010 | 200 | 1 |
18.020 | 11039 | 4 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online