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FBR

2.22%

4.6¢ fbr ltd

Correct steady revenue will keep shorts at bay , but initial...

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herewegoagain1

5,861 Posts.

1998

23/01/24

17:34

Post #: 72027415
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Originally posted by Giobria ↑

The numbers here are always 4 days late.

https://www.shortman.com.au/stock?q=FBR

We were about 0.25% shorted. If yesterday we were shorted another 0.2% that takes us to 0.45% plus or minus whatever happened in the previous 3 days. Still a long way below (i nearly said short) of the lithium miners. But it definitely looks to be rising.

On the other hand our business model is very different from the miners. If we get to ASX200 it means hadrian works well and hundreds are out in the field. That means steady income and more sales as the penetration increases.

We are less susceptible to downturns in the economy - even at the lowest possible new houses will be built and builders will go for the best, cheapest, fastest solution. There is no chance of producing a glut of machines, or there being a glut of bricklayers - as opposed to iron and lithium miners affected by gluts.

Again, steady income - therefore unlikely to attract shorters. We just need to survive the next 6/12 months.

The more I think about it the more I am happy with it, though the start this week is nothing to celebrate.

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Correct steady revenue will keep shorts at bay , but initial hype on FAT and SAT and option announcements will cause the SP to take off ! That’s when they’ll hit and keep going right up to FBR are making meaningful revenue imo .

FBR Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.6¢		Change 0.001(2.22%)		Mkt cap ! $221.9M

Open	High	Low	Value	Volume
4.6¢	4.9¢	4.5¢	$387.1K	8.299M

Buyers (Bids)

No.	Vol.	Price($)
4	315279	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	221109	2

View Market Depth

No.	Vol.	Price($)
4	315279	0.046
15	852119	0.045
6	638488	0.044
7	551192	0.043
8	942829	0.042

Price($)	Vol.	No.
0.047	210477	1
0.048	63340	1
0.049	752000	4
0.050	884463	4
0.051	371342	5

Last trade - 16.10pm 04/10/2024 (20 minute delay)

FBR (ASX) Chart

Correct steady revenue will keep shorts at bay , but initial...

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