I'm still positive on FIJ. The SPP seems underpriced, but the timing is right as cash is also needed by the business to fund the expansive new product lines and marketing activities that are about to commence. I guess the SP will remain low until Dec 8th or so until the SPP shares have been issued. Then, there are several price sensitive catalysts set to occur in the upcoming quarters. So perhaps not great news for those who were looking to cash out in the next month or so. But not so bad for anyone planning to hold a bit longer, as with all the upcoming catalysts the SP should be back up mid-20s at least in the not too distant future. I still reckon its worth buying a few more for anyone not in a massive hurry.
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Open | High | Low | Value | Volume |
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8 | 5224777 | 0.9¢ |
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11 | 10348124 | 0.008 |
13 | 6298142 | 0.007 |
7 | 3098999 | 0.006 |
2 | 390000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1696930 | 3 |
0.011 | 10824928 | 16 |
0.012 | 7085358 | 6 |
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0.014 | 4815100 | 3 |
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