Fantastic results. From a logical viewpoint, FLN has been on track for this result since 2016. Even when the growth stagnated for few quarters, FLN was delivering good results. With $34M on the bank, exceptional leadership by the management, data-driven decision making, it is evident that FLN is destined to grow no matter what - fast or slow, that's a different story. Having said these, market doesn't react logically, never has been. There were people arguing here before that the FLN is going down the shithole - despite the figures I described above. Yes, these people are, too shareholders and they may as well sell if they are expecting unrealistic 200% growth or hype. Some supposedly had sold FLN at 40cents, while some were buying from 40 cents ) Today some of these folks are laughing.
Imo, Sp will gradually rise from this point onwards as FLN not only successfully delivered solid results again (good reason for logical long-term holders to buy or hold), but also instilled the hype that it will deliver fantastic results on short term (good reason for punters and short-term traders to get on board).
Unfortunately the FLN is still a small-cap stock and the liquidity is not very high. Someone with a massive holding can manipulate the market easily and we don't if that will be the case, who knows. Gradual selling of only $100K-worth of this stock can melt the SP by 25% easily. But same can happen if they want to up-ramp the stock. Though, for long-term holders none of this matters as the long-term outcome is very very clear for this stock and a very safe bet, too. I already made ~100% on this stock but I don't see any point to sell it right now at all. My personal target is > $5 and honestly speaking I really didn't come across many stocks which I can safely speculate that will deliver turn out to be 10-bagger in the ~5years or so.
Good luck to all long-term holders.
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $81.16M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $735 | 4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 107059 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 29357 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 107059 | 0.180 |
2 | 173777 | 0.170 |
1 | 20623 | 0.160 |
1 | 33901 | 0.150 |
1 | 7142 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 29357 | 3 |
0.190 | 6026 | 1 |
0.195 | 4000 | 1 |
0.200 | 297140 | 4 |
0.215 | 13000 | 1 |
Last trade - 15.43pm 30/09/2024 (20 minute delay) ? |
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FLN (ASX) Chart |