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Do you reckon the ffx share price will drop much after the split...

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Stonemad101

343 Posts.

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01/09/21

23:23

Post #: 55765073
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Originally posted by JayWin: ↑

I think SP should be sitting around 65c-75c for it's current risk-reward ratio, climbing to 75-85c closer towards 2022 and then 85-100c as we near the split date.

Generally with shares where the market is cautious due to various perceived risks, there is a discount leading up to that event. i.e. I remember with some companies I was in, in the past, Take Over offer was $7.80 in 6 months time, but share price lingered at $7.00 and then went up by 10c every month as we inched closer and closer to the T/O event, as the market perceives that the chance of it not happening gets smaller as we near the event.

I think it is the same with FFX, as we inch closer to Mar 2022, SP should climb higher by 5c per month. However, the market seems to discount FFX a bit more even after accounting for various risks, which is a little frustrating but I like it. It teaches me patience as an investor.

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Do you reckon the ffx share price will drop much after the split happens?

FFX Price at posting: 56.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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