This reminds me so much of FMG just a few short years ago... (around 2018????)
FMG was printing money, about $1b per month and the price was around $4. (The now ex-wife made me sell at $4.50....)
It was well undervalued, and Twiggy decided on a $500m buy back. It's what started the rocket, now look at them.
Unless they need the capital expenditure elsewhere for whatever they acquire, this would send a clear message to the market. I'd be looking to announce a buy back at the same time they announce the next dividend and let the buyback self-fund itself. I'm patient, so I'm thinking in the next 12-18 months. Thoughts?
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Last
44.0¢ |
Change
0.005(1.15%) |
Mkt cap ! $536.0M |
Open | High | Low | Value | Volume |
43.5¢ | 44.5¢ | 43.5¢ | $500.2K | 1.139M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 95763 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 75757 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 95763 | 0.435 |
8 | 1052541 | 0.430 |
5 | 83105 | 0.425 |
8 | 232561 | 0.420 |
3 | 59409 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 75757 | 6 |
0.450 | 196836 | 5 |
0.455 | 231039 | 7 |
0.460 | 208476 | 8 |
0.465 | 70500 | 2 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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