At the current share price, they’d be buying 125m shares or just over 4% of share capital.
To fund the buyback, leverage would increase and their interest bill would likely increase by about A$40m @ 8% interest or USD 28m. This would be about USD 20m after adding back DTA.
This would work out to be capital accretive assuming the profit after tax in last FY of about $1,080m is around the same mark.
Profit would be about 2% lower but share capital 4% lower.
Even up to $5 per share, the buyback is still likely to be capital accretive but the benefit to shareholders would be more marginal.
- Forums
- ASX - By Stock
- FMG
- Ann: Announcement of buy-back - Appendix 3C
Ann: Announcement of buy-back - Appendix 3C, page-164
-
- There are more pages in this discussion • 3 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
|
|||||
Last
$18.32 |
Change
0.345(1.92%) |
Mkt cap ! $56.49B |
Open | High | Low | Value | Volume |
$18.11 | $18.40 | $18.10 | $45.75M | 2.507M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 10903 | $18.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.32 | 5604 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 5605 | 18.310 |
23 | 11775 | 18.300 |
12 | 6647 | 18.290 |
19 | 12572 | 18.280 |
12 | 7991 | 18.270 |
Price($) | Vol. | No. |
---|---|---|
18.320 | 6951 | 10 |
18.330 | 7237 | 12 |
18.340 | 6876 | 12 |
18.350 | 12407 | 18 |
18.360 | 14497 | 11 |
Last trade - 11.20am 22/08/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |