l think it is premature to be buying up when the effects of the drought will take many months to be seen.
AAC is a big worry, and Elders Bank could face a lot of bad debts, but this will take a while to be seen.
It will be a long hot summer, there will be more downside opportunities, l expect it to test $1.50 at some point, the div may provide temporary support but what after that ?
Instos are not always mugs - they can see the writing on the wall - preserve capital and put it to use elsewhere.
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Last
$2.68 |
Change
0.070(2.68%) |
Mkt cap ! $907.3M | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.70 | $2.60 | $329.8K | 123.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20000 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 220 | 1 |
View Market Depth
| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| FCL (ASX) Chart |