FMG ETO? - Aussie Stock Forums

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Thread: FMG ETO?

  1. #1

    Question FMG ETO?

    Has anyone any idea why there isn't an option market in FMG? I have presumed it a lack of liquidity in that a large percentage of the company's stock is tied up.

  2. #2
    ithatheekret's Avatar
    Join Date
    Nov 2007
    stuck in the middle with you

    Default Re: FMG ETO?

    The stocks recent 10:1 split could have something to do with it .

  3. #3

    Default Re: FMG ETO?

    One of the ASX ETO eligibility reqt's is that the top 20 shareholders hold less than 80% of the issued capital. Presumably this is to ensure liquidity.

    According to FMG's website the top 20 have 91.78%. Andrew Forrest's Co has 36%.

  4. #4

    Default Re: FMG ETO?

    What would I know, FMG now have exchange traded options. Mar08 & Jun08 expiry. Mkt maker quotes even look reasonable given current market.
    Australian Stock Option IV, Market Data & Trade Rankings

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