It makes sense if the assets you are buying are worth more than you have to pay for them.
Eg. If the company buying at sub $4 mark represents a very good use of the cash.
there are countless examples of mining companies that should have done buybacks rather than other “smart investments”
take Bhp for example, they would have been better to avoid the shale assets to begin with, and just do a buy back from the start.
- Forums
- ASX - By Stock
- FMG
- FMG Dividend
FMG Dividend, page-48
-
-
- There are more pages in this discussion • 83 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
$20.54 |
Change
0.070(0.34%) |
Mkt cap ! $63.18B |
Open | High | Low | Value | Volume |
$20.75 | $20.75 | $20.48 | $40.12M | 1.945M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1240 | $20.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.54 | 2214 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1803 | 20.530 |
13 | 5720 | 20.520 |
9 | 3577 | 20.510 |
10 | 4129 | 20.500 |
13 | 16206 | 20.490 |
Price($) | Vol. | No. |
---|---|---|
20.540 | 1879 | 8 |
20.550 | 5325 | 11 |
20.560 | 8916 | 13 |
20.570 | 7318 | 8 |
20.580 | 6125 | 10 |
Last trade - 11.40am 17/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online