And for what it's worth:
Octa Phillip, one of the larger independent brooking firms, has issued a newsletter on the 12th of June, coming up with a Buy on FMS and a 12 month price target of 0,30 A$, written by analyst Andrew Shearer:
'The upside potential is if the bid process resumes then the stock will trade
back towards the offer price (~100% upside). Conversely if the bid fails then the downside risk is low as stock is trading at or near
pre-bid prices. In the event that the bid process doesn’t eventuate then the underlying value of the asset will remain an attractive
acquisition target.'
'FMS is one of a limited number of junior iron ore stocks with a significant resource available for consolidation.
Infrastructure options exist and management is keen to unlock the value of the resources by doing a deal to access infrastructure.'
One way or another I also believe the value will come back in FMS !!!
- Forums
- ASX - By Stock
- RHK
- a good read
a good read, page-5
Featured News
Add RHK (ASX) to my watchlist
(20min delay)
|
|||||
Last
73.5¢ |
Change
-0.055(6.96%) |
Mkt cap ! $146.8M |
Open | High | Low | Value | Volume |
79.0¢ | 79.0¢ | 72.0¢ | $911 | 1.174K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24905 | 73.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.0¢ | 337 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4316 | 0.700 |
1 | 5000 | 0.670 |
1 | 15151 | 0.660 |
1 | 10000 | 0.650 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.820 | 337 | 1 |
0.835 | 29996 | 1 |
0.840 | 1496 | 2 |
0.850 | 10000 | 1 |
0.860 | 57991 | 3 |
Last trade - 15.51pm 18/10/2024 (20 minute delay) ? |
Featured News
RHK (ASX) Chart |