FLC 8.70% 12.5¢ fluence corporation limited

Crikey, have not looked at this comp & chart for nearly a month...

  1. 390 Posts.
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    Crikey, have not looked at this comp & chart for nearly a month and surprised to see that the sp retreated significantly, once again.

    Seems to me that only orders from China, the start of the "ramp" will turn the long term downtrend into a significant long term uptrend any time soon. Otherwise all that has been happening as shown in the chart history is temporary news related spikes that soon retreat. Disregarding the company issued China spin from several years ago, 2019 was supposed to be the year the China ramp was really, really supposed to start to materialize. Nearly half way thru the year now. Progress in other areas is pleasing, but likely years to translate into a solid sp uptrend, in absence of the China factor. imo. That is what the chart of recent few years is saying to me. Processing sewerage water is not a very sexy thing at all, unless the company happens to also be making money hand over fist.
 
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