Hi rc
I hope FMG has bought more debt in January and booked more gains on buying back this debt. They should still be cash flow positive and should be buying back debt and also announcing a 5% share buyback to get some confidence back and further boost their NTA. 155 million shares (5%) in AUD is only about US$165 million at current prices. Buy back another US$600 million of debt and use the booked gains to fund this buy back.
Iron Ore Price, page-3907
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |