In a business that is generating an attractive return on its capital for only, perhaps, the second year in its history. Will the pendulum swing back? Is there a temporary industry-wide lift in profitability, or is there a structural change occurring within FRM?
Not sure I buy this.
Anyone could have purchased FRM for $0.05 a share in 2011 when they reduced debt by $3.228M in one year. If someone was looking for an attractive return on capital they would have missed a 32 fold increase in their investment at the current sp. When FRM was $2.7 that would have made it a x54. This might give some perspective as to why some of the larger SMSF etc. have lightened their positions.
In a business that is generating an attractive return on its...
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Last
10.0¢ |
Change
0.006(6.38%) |
Mkt cap ! $15.52M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 10.0¢ | $2.099K | 20.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 86 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 33805 | 2 |
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| Last trade - 11.18am 15/08/2024 (20 minute delay) ? |
| FRM (ASX) Chart |