Given the amount of shares on issue the volumes are quite pathetic.
Despite what everyone is saying this is a trading stock for now with the odd rumor and head fake being perpetrated.
This stock ain't moving anywhere until the financial and management fundamentals change.
Sure it will go up a bit and everyone will cheer and then it will go down a bit and everyone will grimace. So what! - nothing has really changed except for the rhetoric.
My feeling is that Shandong are going to do a massive clean out and there will be a butting of heads and a lot of chest beating and eventually a new team will be put in place and a new direction for the company will be forged.
At the end of the day, however, if they can't turn a buck and get the efficiencies and economies they need FML will go the way of the Dodo and become a distant memory. I think they have one year to prove themselves and barring any further cash injection they will survive 3 years give or take if they don't get it right.
I bought in because someone had faith and more than likely knew enough to throw $225m at this company and as I said before it's either the biggest con games in town or there is something special there.
It's axiomatic to say time will tell but I give them a year to get their shhhstuff into one sock.
All the best to the long termers.
Cheers
BW
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 14.0¢ | $15.59K | 111.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7230 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7230 | 0.140 |
3 | 56138 | 0.135 |
2 | 24000 | 0.130 |
1 | 24000 | 0.125 |
1 | 4121 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 100000 | 1 |
0.150 | 83000 | 1 |
0.155 | 29573 | 4 |
0.160 | 78550 | 4 |
0.165 | 4616 | 1 |
Last trade - 12.31pm 18/09/2024 (20 minute delay) ? |
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FML (ASX) Chart |