Morning all.
I’m comfortable with 45% hedged. Sound and prudent management. I suspect hedging past 12 months just too expensive.
personally, I would have waited a month; August is traditionally the highest price period of the year. But I’m no IO expert. FEX are.
so happy to keep backing them.
I’d even think about hedging another 25-30% 6 months after the first one, so April next year, then rolling every 6 months from there.
cheers,
ned.
Ann: Fenix Enters 12-Month Hedging Arrangements, page-10
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Last
33.5¢ |
Change
0.010(3.08%) |
Mkt cap ! $232.6M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.5¢ | 32.0¢ | $500.2K | 1.519M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 110362 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 143853 | 2 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |