FMG 0.45% $22.10 fortescue ltd

Good move selling out a parcel of shares...share price going now...

  1. 655 Posts.
    lightbulb Created with Sketch. 30
    Good move selling out a parcel of shares...share price going now where anytime soon.....if not for the BB share price would be much lower...


    If management were so concerned about share price, a much  better option would have been a consolidation...possibly 5 for 1 therefore share price up around $ 20.00 or there abouts, and less shares on offer - saving of $ 500 million dollars, which would have been better spent reducing debt, this FY they have taken on additional debt, the VLOC & tug boats etc, whilst there profits & cash has reduced - poor management!!!!... ...(just my opinion)  

 
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