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
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 14.0¢ | $875 | 6.251K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 112305 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 9930 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 112305 | 0.140 |
2 | 54554 | 0.135 |
3 | 27509 | 0.130 |
1 | 33474 | 0.120 |
2 | 18181 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 9930 | 1 |
0.160 | 37300 | 2 |
0.165 | 71956 | 3 |
0.170 | 10000 | 1 |
0.175 | 16889 | 3 |
Last trade - 11.27am 28/08/2024 (20 minute delay) ? |
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