Agreed. And much better bang for their buck, buying back shares than repaying debt (even at the current share price). I would still like to see them buying back shares at present, even if it is on lower volumes.
Look at how much money and dividends they saved after the last shares they bought back after implementing the buy back on 11 October 2018, when they were buying back shares at around $4. Since then the company has paid 3 dividends totaling $1.14 per share. That's 28.5% return for FMG on not having to pay dividends on these shares in less than a 12 month period (and equivalent to 6.3 year's of interest at 4.5%).
Agreed. And much better bang for their buck, buying back shares...
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |