On one hand you have a company with a good track record of profitably building & selling developments. On the other you have the WA property market widely considered to be in the toilet on the back of a weakening mining sector. Macro vs micro analysis.
That Finbar have been buying new sites suggests they don't think the market is dead, and the buyback suggests cashflow is not a problem. Possibly a point on the downside is that they've been very tight-lipped about guidance, and the half-year report felt a bit heavy on work previously completed rather than things to come.
EOFY results will have the potential to move the price significantly, but I have no idea in which direction ;(
Ann: Finbar Completes $164.7 Million Subi Strand Project, page-9
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Last
84.0¢ |
Change
-0.005(0.59%) |
Mkt cap ! $228.5M | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 84.5¢ | 82.3¢ | $45.60K | 54.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37000 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 2 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| FRI (ASX) Chart |