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
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $377.6M |
Open | High | Low | Value | Volume |
31.5¢ | 32.0¢ | 31.0¢ | $694.1K | 2.217M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 204324 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 7421 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 204324 | 0.305 |
8 | 765304 | 0.300 |
2 | 43000 | 0.295 |
5 | 39550 | 0.290 |
4 | 259264 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 7421 | 1 |
0.320 | 178060 | 7 |
0.325 | 186466 | 4 |
0.330 | 188524 | 6 |
0.335 | 104402 | 4 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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