Who else is buying $5.1B of FMG stock annually, please explain.
Is there someone else bigger?
My comment had nothing to do with daily purchases but they have already bought back before and now are starting to do so again. As for daily reporting, its actually before the next days trading reporting so we will see this in coming weeks.
L/R 7.29 states that “A company may only buy shares under an on-market buy-back if transactions in the company’s shares were recorded on ASX on at least 5 days in the 3 months before it buys back the shares.”
Are you suggesting that they announced this buyback but will not exercise it as they said they would?
If they do what they said then you will have to withdraw your allegation that they are not the largest buyers of FMG stock annually.
Either way, they are able and willing to and they will as they said they will.
So that makes them the largest buyer of FMG stock by far once it starts.
Ann: Extension of Share Buy-back Programme, page-18
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Last
$17.97 |
Change
-0.360(1.96%) |
Mkt cap ! $55.32B | |||
| Open | High | Low | Value | Volume |
| $18.10 | $18.28 | $17.97 | $250.7M | 13.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 104054 | $17.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.07 | 4370 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |