I thought fatbloater's post had fair points. A short short is a good short and if the big miners scale back on need for accommodation it could be a problem for FWD. however management have proven adept at working trends in the past and are fiscally prudent so justify long term confidence.
Personally I'm a bit disappointed by this run as I didn't get enough at the bottom to be materially valuable as I thought it would hold those levels for longer. Should have whaled in when seeing it was a v bottom reversal underway. It should at least test $11 here before FB gets another shorting opportunity. I'll buy more on the next dip - hopefully not at $13!
credit suisse downgrades fwd, page-33
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Last
$1.91 |
Change
-0.055(2.81%) |
Mkt cap ! $179.3M | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.91 | $29.62K | 15.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1820 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 26550 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FWD (ASX) Chart |