I believe STH holds both WPL and FAR as long term investments.
You are worried about WPL halving in market cap - who cares if you are holding for the long term, great chance to top up. WPL are buying up good assets in yet another downturn.Great for long term value.... Also WPL have and continue to pay out dividends.
On the other hand FAR are stuffed. 1cent, suspended from trading, are a forced seller in a pandemic of its crown jewel and has a risk of not being able to sell it and possibly go broke. FARs long term prospects are completely stuffed.
Contrast the two - one is taking advantage of the downturn, the other is being taken advantage of in the downturn.
Ann: Response to ASX Query Letter, page-146
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Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.0¢ | 45.5¢ | $31.34K | 67.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3338 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 199900 | 2 |
View Market Depth
| Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |