Firstly, happy to share my personal experience with making money in share markets:
- You have to be right in the beginning
- You have to be patient along the way
- You have to be able to filter noises
- You have to be LUCKY
I have had many successful short term trades in the last few years, while flipping $20k in a day is fun, nothing pays off when compared to my long term positions, apart from the obvious tax reasons for CGT, a big factor I believe why everyone should once in a while take a long view is:
Active management destroys value.
I was in FBR 2 years ago, many old friends here and many new comers. If you can forget about the price action of today, yesterday, last week or last month, and take a look the life phase where FBR current sits, after I put together below, it made me holding my breath for a few seconds:
May 2016: Showcase H105
July 2016: Construction of HX started
Sep 2016: 1st Cornerstone investment by HunterHall, Cashflow de-risk (A$8m)
Sep 2016: 11 houses contract for Archistruct
Sep 2016: Bricks and adhesives used by Archistruct approved by council
Apr 2016: FBR relocation to proper facility
July 2017: MoU with Caterpillar Inc, Strategy Board, Steering Committee, IP sharing, etc ($A2m)
Aug 2017: MoU with Kingdom of Saudi Arabia government to build 50,000+ houses (100+ HX)
Sep 2017:
Oct 2017:
Nov 2017: HX assemble completes (estimate)
Mar 2018: 1st house built (estimate)
Apr 2018:
Jun 2018:
Nov 2018:
My view in this goes very very very long.
- Forums
- ASX - By Stock
- FBR
- The bigger picture
The bigger picture
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FBR (ASX) to my watchlist
|
|||||
Last
5.0¢ |
Change
0.003(6.38%) |
Mkt cap ! $236.0M |
Open | High | Low | Value | Volume |
4.9¢ | 5.5¢ | 4.9¢ | $2.724M | 63.05M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9059 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 420000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 2550854 | 0.049 |
9 | 1477750 | 0.048 |
9 | 587445 | 0.047 |
5 | 328663 | 0.046 |
7 | 2586698 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 55000 | 1 |
0.051 | 35055 | 1 |
0.052 | 144489 | 1 |
0.053 | 100000 | 1 |
0.054 | 441321 | 4 |
Last trade - 15.59pm 17/07/2024 (20 minute delay) ? |
Featured News
FBR (ASX) Chart |