...cut its head off.
Absolutely typical...In my view this is why so few fund managers are actually any good.
The AFR quotes a leading fund manager as saying Alan Newman should depart FCL after the companies recent performance.
In my mind this demonstartes the complete lack of understand such a person has for the risks that are known to exist in the venture that Newman runs.
It has exposure to significant impact from climatic conditions - insurance, rural supplies, cattle and fertiliser.
Newman is one of the leading managers in Australai in my opinion - yes, age and cunning DO have a place in management - its the funds sold his stock down - if they want to trade short term then expect the swings and roundabouts.
Despite my words of warning in recent posts don't get me wrong...this is a quality company in my view. All that remains is to pick the entry point and have patience...but it is a quality company WITH Alan Newman running it - take him away and all bets are OFF.
(All imo of course!)
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Last
$1.30 |
Change
0.000(0.00%) |
Mkt cap ! $443.1M |
Open | High | Low | Value | Volume |
$1.31 | $1.32 | $1.30 | $338.2K | 259.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 19934 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.30 | 13000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 19934 | 1.295 |
2 | 110000 | 1.290 |
4 | 42612 | 1.280 |
1 | 5600 | 1.275 |
2 | 1487 | 1.270 |
Price($) | Vol. | No. |
---|---|---|
1.300 | 13000 | 1 |
1.320 | 7416 | 1 |
1.330 | 5000 | 1 |
1.335 | 5500 | 1 |
1.350 | 900 | 1 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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