And for what it's worth:
Octa Phillip, one of the larger independent brooking firms, has issued a newsletter on the 12th of June, coming up with a Buy on FMS and a 12 month price target of 0,30 A$, written by analyst Andrew Shearer:
'The upside potential is if the bid process resumes then the stock will trade
back towards the offer price (~100% upside). Conversely if the bid fails then the downside risk is low as stock is trading at or near
pre-bid prices. In the event that the bid process doesn’t eventuate then the underlying value of the asset will remain an attractive
acquisition target.'
'FMS is one of a limited number of junior iron ore stocks with a significant resource available for consolidation.
Infrastructure options exist and management is keen to unlock the value of the resources by doing a deal to access infrastructure.'
One way or another I also believe the value will come back in FMS !!!
- Forums
- ASX - By Stock
- a good read
And for what it's worth:Octa Phillip, one of the larger...
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Last
78.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $156.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.0¢ | 573 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.750 |
1 | 25 | 0.740 |
1 | 15151 | 0.660 |
1 | 10000 | 0.650 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.780 | 573 | 3 |
0.800 | 7923 | 2 |
0.820 | 3673 | 3 |
0.830 | 2941 | 1 |
0.890 | 2368 | 1 |
Last trade - 16.11pm 30/08/2024 (20 minute delay) ? |
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