Yep, relatively boring - but there is some significant fine print:
previously it was limited to $500m, and 12-months
Now it is limited to 10% of issued capital per 12 month period (~300m shares, which is basically a 10-fold increase on the above) and the scheme is ongoing (i.e. not a 12-month extension).
They probably won't use the facility - but yes it sends a message to shorters that there is a limit to how much they can make on the downside before some serious support kicks in.
Ann: Extension of Share Buy-back Programme, page-7
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |