Come on, so far fmg has spent 1.8% of 2018 yearly revenue. The share price has moved up around 15%. And those bought shares have been cancelled.
For peace of mind knowing negative share price manipulation is less likely to happen, and peace of mind if I wanted my money out then I could do so at a more realistic intrinsic price. This buyback is 100% worth it.
All your questions to is buy backs good or bad or justified or criminal etc. I won’t get involved in anymore. To me and my position which is a small shareholder like yourself I am over the moon about this buy back.
FMG Dividend, page-96
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |