If they weren’t investing in FFI, they would just find other things to invest, look at BHP for example, they only commit to paying out 50% of earnings, some mining companies pay out even less.
the aren’t going to pay out 100% of earnings, it’s very reasonable to retain a minimum of 20% of earnings for growth and replacement investments, and committing to spending 10% into a new industry is equally reasonable, many share holders have been saying for years they want FMG to diversify, well now they have their wish.
If they weren’t investing in FFI, they would just find other...
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |