Yep, the $5-5.5b is a theoretical maximum (10% of the shares on issue over 12 months).
But, as you say, they haven't bought a single share for (almost) 2 years now. I agree that it also looks like they have no intention of using the facility.
I strongly disagree with management regarding buybacks though (i.e. I think they should be buying back shares) - as even a cursory look at the share price and P/E multiples show that FMG is undervalued compared to peers and compared to the wider market. (I was going to delve further into reasons behind this etc. but might just leave it there for now!)
Yep, the $5-5.5b is a theoretical maximum (10% of the shares on...
-
- There are more pages in this discussion • 5,672 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |