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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This reminds me so much of FMG just a few short years ago......
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $485.9M |
Open | High | Low | Value | Volume |
40.5¢ | 40.8¢ | 40.0¢ | $152.7K | 378.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 240560 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 213074 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 241367 | 0.400 |
14 | 411473 | 0.395 |
12 | 340202 | 0.390 |
5 | 85648 | 0.385 |
9 | 209046 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 238312 | 22 |
0.410 | 120952 | 9 |
0.415 | 201555 | 10 |
0.420 | 114367 | 5 |
0.425 | 126000 | 5 |
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