FBR

5.00%

3.8¢ fbr ltd

Ann: Trading Halt, page-210

First 210 Last

Share
Profile

Follow
timboc

3,073 Posts.

1428

02/08/24

13:49

Post #: 75045354
Share

Originally posted by Giobria: ↑

i believe that was the original plan for many years, but the brief romance with CAT killed that idea, and waas was born.

It is clear to me now that a deal with a builder would not have worked. Why? Ask yourself how many builders own concrete pump machines. I don't know of any. Why? Imagine - it would be a scheduling nightmare to ensure the machine is fully booked out every day of the year - they would have to stage the building work around the machine availability.

So a deal with a brick/block maker makes more sense - the builder tells the manufacturer when they want the bricks on site, as always, but now the walls get built too on delivery of the bricks. Brilliant. Can't think of a better way of doing things.

The big surprise for me is BKW. Yes they have a large % ownership, but I am not aware of any contracts. What would happen if the second biggest block manufacturer in Australia signs a deal like CRH's? BKW would be screwed. Can they block it? I doubt it unless they do a TO of FBR, which now seems unlikely.

Why didn't BKW do the deal? Perhaps too risk averse. Not until a manufacturer of hadrians has started making them. But we can't sign a deal to make them unless we have someone to buy them - so its chicken and egg again. All it needed is for BKW to place an order similar to CRH - but they are too chicken.

So, if Australia's biggest brick maker doesn't cut it then the only thing left to do is to go overseas.

Wienerberger is a possibility, but maybe they don't have a market in one region as big as CRH? I Don't know, but it is also a surprise that they didn't jump in, especially considering we did a test build with their blocks.

Expand

BKW's plant in Perth has been shut down and they are in a legal fight with BGC over dumping.
Company collapse: Brickworks to shut Austral Cardup site due to slowdown in business activity | news.com.au — Australia’s leading news site

So Brickworks don't have any bricks in Perth to do WAAS with.

BKW should not be able to block any other WAAS deals though because the board has a responsibility to do what is best for shareholders and not just one specific one.

FBR Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

There are more pages in this discussion • 138 more messages in this thread...

First 210 Last

Add FBR (ASX) to my watchlist

(20min delay)
Last 3.8¢		Change -0.002(5.00%)		Mkt cap ! $182.0M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.8¢	$33.11K	849.7K

Buyers (Bids)

No.	Vol.	Price($)
12	995760	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	140000	2

View Market Depth

No.	Vol.	Price($)
10	851024	0.038
10	1842949	0.037
9	3227982	0.036
13	2787215	0.035
13	2424485	0.034

Price($)	Vol.	No.
0.039	140000	2
0.040	1378893	8
0.041	1384628	7
0.042	706687	4
0.043	578571	4

Last trade - 16.10pm 06/09/2024 (20 minute delay)

FBR (ASX) Chart

Ann: Trading Halt, page-210

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Shekel Brainweigh investor presentation webinar – the future of retail automation

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Trading Halt, page-210

Top Stories

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Shekel Brainweigh investor presentation webinar – the future of retail automation

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News