FBR 2.56% 3.8¢ fbr ltd

I understand your frustration, so do many here. The market can...

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  1. 454 Posts.
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    I understand your frustration, so do many here. The market can be unpredictable, is not always right, then it self corrects. On landing in the US, that good run was not warranted, not a lot of risk involved in shipping, unless this was going via the shores of Somalia! SAT had some risks, I guess the muted run is part of self correcting to balance. The market is forward looking, looks at the addressable market, expected revenue, gives this a market value, loosely speaking market cap, and based on the number of shares on issue, roughly settles on an SP. FBR's addressable market not yet established, once builders for the first 10 demo builds are announced, it starts to give a clue of potential market. If those 10 builds are successful and builders sign contracts, addressable market can be predicted with high confidence. The price can then start to take off. And also, too many shares on the registry, this will be like trying to turn around a massive ship, or a tripple truck! Including some parcelled at the most recent CR, that did not pass the pub test, no justification for a CR at those low prices when significant news is around the corner? Global events and perceived risks all come into play.

    Again, the market is always right, ........until it is not, .....and it self corrects.......
 
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Last
3.8¢
Change
-0.001(2.56%)
Mkt cap ! $183.3M
Open High Low Value Volume
3.9¢ 3.9¢ 3.7¢ $143.3K 3.758M

Buyers (Bids)

No. Vol. Price($)
38 5708747 3.7¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 604120 3
View Market Depth
Last trade - 15.32pm 05/11/2024 (20 minute delay) ?
FBR (ASX) Chart
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