You keep saying things like this, and it's a nonsense statement. The intention of the buy-back has nothing to do with manipulating the share price; it's all about de-leveraging. In any case, the only time the company would ever benefit from artificially inflating the share price would be when it's a seller on the market such as when it's raising capital. At a time like now, when the company is a buyer, it's in it's best interest to let the price drift down an buy on the dip.
Iron ore price, page-9148
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Last
$18.26 |
Change
0.020(0.11%) |
Mkt cap ! $56.25B | |||
| Open | High | Low | Value | Volume |
| $18.43 | $18.45 | $18.22 | $19.90M | 1.084M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 3273 | $18.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.27 | 1090 | 8 |
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| Last trade - 10.53am 13/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |