Fair point... I have to say I was rather unimpressed with the last debt repayment... $650m for $28m per annum interest savings... that's only slightly over 4% / year.... not a very good ROI and below what many people investing in fmg would expect as a return.... I wonder if the 2022 debt has a higher interest rate?
Would love to see a buyback or increased dividends... just think directors have to be so cautious nowadays... but there may be a happy medium in there... with a modest buyback as you propose.
Maybe they can buy out that damned Russian... is that even an option?
Iron Ore Price, page-7663
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |