It is that time when shareholder became slave to the director who holds majority in the company (thanks to free options/stocks given by the company over the years) and allow them to go on their own without business case results into destruction of the value until either company spend and don't recover investment or lose holders trust which creates undervalued share price until trust is regained... IMO.
If FMG has voted for creation of FFI & putting aside 10% of NPAT for FFI and if the vote happens with KMP not allowed to vote obviously then you will see results on what shareholders want and then there won't be any arguments on FFI existence .. IMO.
It is that time when shareholder became slave to the director...
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Last
$21.63 |
Change
-0.040(0.18%) |
Mkt cap ! $66.59B | |||
| Open | High | Low | Value | Volume |
| $21.48 | $21.63 | $21.02 | $156.6M | 7.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2129 | $21.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.63 | 817 | 1 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |