I tend to agree. The latest sell off trend in FBR started about Feb 17. Paused for a 3 days at 5 cents, then accelerated on Feb 24 largerly mirroing what is happening on the ASX. Without coronavirus, FBR would probably still be above 4 cents, maybe even consistently above 4.5 cents. Though FBR now have to play with the cards that have been dealt out. Surely they are trying to get progress on the display home done asap. An announcement on coupled with some guidance on revenue/cash position for this half year is FBRs only hope I reckon of reducing or stabilizing the slide in the share price.
I note AS1 has today issued an update to its guidance this year. I reckon it would be prudent and in share holders interests for all companies to consider doing the same.
FBR Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held
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