FMG 3.09% $17.34 fortescue ltd

Iron ore price, page-12468

  1. 529 Posts.
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    Last week, share price gain of 18.70%. Big e, I couldn't find a shade of green to do this justice, so went with a dark shade of blue instead.

    Share price now up 97.61% since management finally got on the front foot on 11 October 2018, addressing the problem of the declining share price by implementing the buy back (although admittedly, most of the gain since then has come from Vale, the iron ore price, the "unstructuring" of the "structural" discount for 58% IO product, Twiggy buying more shares and of course juicy dividends). FMG's planned buy back was for $500 million, yet to date they have only spent $139 million with the last on market buy back taking place on 23 December 2018.
    https://hotcopper.com.au/data/attachments/1555/1555055-a8b33e5028a530d7d43b9557b10eb8b2.jpg




 
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$17.34
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$17.31 $17.51 $17.00 $309.6M 17.18M

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1 300 $17.33
 

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$17.35 28897 5
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