The company has announced a buy-back, which is a good use of capital, and will result in fewer shares on public offer, meaning a better share for holders in IFM profits and dividends. The company clearly thinks the shares are cheap enough to buy back, and has employed a broking firm to conduct the buy back, which is better than IFM doing it, as some companies stuff up their own buybacks.
At 2.4c dividend per share, fully, franked, the company gives >10% dividend, one of the best on the ASX, and has a PER of 6.79, which is attractive. I'll be interested to see how the buyback goes.
- Forums
- ASX - By Stock
- IFM
- has anyone noticed the buying lately?
has anyone noticed the buying lately?, page-3
-
- There are more pages in this discussion • 1 more message 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 IFM (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.48 |
Change
-0.020(1.33%) |
Mkt cap ! $556.1M |
Open | High | Low | Value | Volume |
$1.50 | $1.53 | $1.48 | $323.0K | 216.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1313 | $1.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.50 | 2376 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1313 | 1.475 |
2 | 1992 | 1.470 |
2 | 1640 | 1.465 |
1 | 327 | 1.460 |
2 | 2227 | 1.455 |
Price($) | Vol. | No. |
---|---|---|
1.495 | 2376 | 2 |
1.500 | 2376 | 2 |
1.505 | 406 | 1 |
1.510 | 406 | 1 |
1.515 | 406 | 1 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
Featured News
IFM (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online