I'll second that!
I was particularly interested in the interview with the Oil Fund Manager who, when asked, stated the fund normally would only look at companies that are in production and have a solid cash flow and little deb,t in others words, those that were well structured and unlikely to be substantially hurt by the oil price falling even further. However the two biggest holdings (9.4% and 7% of the portfolio) were FAR and CVN!
He seemed fairly confident that there was a reasonable chance of further success and that both stocks were fundamentally undervalued in the first place.
I think he is right, it is just a matter of how far he is right! Time will tell.
FAR Pre-Trade 14 October - Morning Glory, page-3
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.0¢ | $13.38K | 26.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 314682 | 3 |
View Market Depth
| Last trade - 15.44pm 08/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |