Hi mate
It’s truly not bs. Buying shares in yourself can be done when there is no other better use for those funds. Or put another way you don’t think the company will be able to generate a superior return than investing in the company itself.
They haven’t made an investment for a long time apart from a blocking stake in ago. Roe on Fmg is 15 per cent plus and they know the business inside out and have control. And the message it sends to the market is “ we are a very conservayive board haven’t whittles away shareholder funds on shale or Alcan etc at this stage we see extreme value in Fmg shares”
What do you think will happen to capital value?
In addition sub 450 or even 5 they are a better use of capital then wasting on an acquisition for acquisition sake.
300m a year won’t stop any corporate activity.
Hi mate It’s truly not bs. Buying shares in yourself can be done...
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |