I suspect a lot of people may buy entitlements to average down then sell at a profit if possible.
I suspect SP will hit $2.20 or close to it after capital raise.
The capital raise was expected. Still unknown is the liability for fixing faulty products. This will keep the tradies busy for ages. Maybe FBU might need some tradies on their books as full time EFTs for a few years to sought out the mess. Special division for remediation and program of works may be cheaper than getting taking for a ride by 3 parties and cost escalation.
The unwinding of inventories might release cash but might end up being sucked up like their building contract failures.
I suspect a lot of people may buy entitlements to average down...
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Last
$2.79 |
Change
-0.015(0.54%) |
Mkt cap ! $2.982B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.80 | $2.77 | $480.2K | 172.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 11083 | $2.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.79 | 3576 | 11 |
View Market Depth
| Last trade - 14.35pm 31/07/2025 (20 minute delay) ? |
| FBU (ASX) Chart |