FMG 2.02% $25.70 fortescue ltd

I have been saying that for a while and a wise man called me the...

  1. 1,228 Posts.
    I have been saying that for a while and a wise man called me the share buyback whore in response.
    Their NTA would be around AUD$3.60 at the moment which does not include the intangibles like excellent management and staff. At current prices, a 5% share buyback would cost around US$400 million but spread out over 12 months (with the discretion of buying heaps on the short attacking days) is minor compared to their cash flows.
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