Hi All
25 cents seems to be the current base rate for commentators, yet FAR languishes at eight. I struggle to recall a stock with such sound fundamentals - 123m ‘proved up’ barrels of oil plus astonishing upside potential - and yet such an enormous disconnect between analyst valuations and market price. Generally when the market is out of whack to a significant degree, the situation gets resolved through M&A activity. FAR is surely no different and it would come as no surprise if someone had a crack at it. The current situation is certainly circumstantial evidence to suggest someone is manipulating the SP to set up a low-ball bid to look generous.
Interesting that Hardman gets dredged up again. I guess it is the textbook example that everything comes to those who wait - and often does so in a rush. Speaking of which ...
Like many here, I have effectively had ‘dead’ money tied up in FAR for more than three years now. Meanwhile other stocks in which I invested more recently have appreciated by 50-110% (thank you, Wasa). With that in mind, I thought I’d revisit a couple of investments I made concurrently with FAR and which shared with similarities to FAR - great fundamentals backed by solid management - to see how they were going. One was Nearmap (NEA); the other NextDoc (NXT). In those three years, NEA has more than doubled; NXT trebled.
I sold both more than two years ago for small losses.
I will not make that mistake here. Buffett, Buffett, Buffett. And not Jimmy.
OOO
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Last
47.5¢ |
Change
-0.005(1.04%) |
Mkt cap ! $43.89M |
Open | High | Low | Value | Volume |
48.0¢ | 48.0¢ | 47.5¢ | $37.01K | 77.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 43897 | 47.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
48.0¢ | 32778 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 43897 | 0.475 |
1 | 28150 | 0.470 |
1 | 23142 | 0.460 |
1 | 50000 | 0.435 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 3155 | 1 |
0.500 | 87671 | 4 |
0.505 | 48000 | 2 |
0.510 | 30000 | 1 |
0.515 | 20000 | 1 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
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