If Mulac believes he can put his money to work elsewhere and re-buy in the 4's where he believes a fairer value resides based on market sentiment for FML and his reasons given above, all of which have merit, then that is his strategy. At least he has one when a lot don't.
Lets face it, FML is obviously on the nose given most who post here feel its value is prob around $600-$800 million not $200-$300 million and thats without TI.
They're going to have to make some seriously good decisions with any free operational cash-flow to get this off the floor this year.
This is still a long term buy for me but my time horizon is currently 3 years+, Mulac's is obviously different given his short term outlook.
I kind of share his thoughts re the SP direction i wont be adding to the position until i feel it has turned. I'd rather miss a few points on the way up now.
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.98M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3884 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 144463 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3884 | 0.140 |
1 | 34309 | 0.135 |
6 | 63039 | 0.130 |
1 | 3963 | 0.125 |
3 | 12662 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 144463 | 7 |
0.155 | 18648 | 2 |
0.160 | 82359 | 5 |
0.165 | 36616 | 2 |
0.175 | 16889 | 3 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
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FML (ASX) Chart |
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