Hi. I still have respect and some faith in FDV management. I believe they made a painful call to issue a CR at 56c because they thought it was a fair discounted valuation given the Zameen and interest rate headwinds.
The angry SH response was probably expected but the ferocity of the sell down coupled with tax loss selling will have shocked them as much as it shocked us long term holders.
Now I am expecting a "more of the same" Qtr report in 4 weeks time and a collective realisation that things are not getting worse.
So, my next target is 56c before 1st august.
GLTAH
Ann: Successful completion of Share Purchase Plan, page-80
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Last
40.5¢ |
Change
0.015(3.85%) |
Mkt cap ! $175.5M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.5¢ | 38.5¢ | $19.98K | 50.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 14999 | 1 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FDV (ASX) Chart |