FMG ETO?

[RUSHIAT]

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.

 

[ithatheekret]

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

 

[VolTracker]

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%.

 

[VolTracker]

What would I know, FMG now have exchange traded options. Mar08 & Jun08 expiry. Mkt maker quotes even look reasonable given current market.