FBR 4.26% 4.5¢ fbr ltd

Not financial advice DYORFear of lost opportunity... if you've...

  1. 305 Posts.
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    Not financial advice DYOR

    Fear of lost opportunity... if you've recently joined our FBR family and you bought in at say 3c. It is human nature to get excited when the stock went up daily hitting 6.2c last Monday... ie doubled your money.

    Say you went reasonably large investing $50,000 buying 1,600,000 shares. You would have hit $99,200 last Monday only to watch your on paper gains drop by $27,500.

    Now if you were lucky enough to sell at the very top knowing that the price would retrace ... you'd be up $27,500. But not even Warren Buffet is that lucky or smart so don't beat up on yourself about short term paper losses ... and keep your eye on whatever your goal was when you first invested. Nobody has perfect 20/20 hindsight vision.

    When I first invested in 2005 my shares were $1 per share ... by the time we listed on ASX they had dropped to 2c. When I and the other 15 angel investors agreed swap our Goldwing Nominees shares, owner of all patents / IP, to FBR Limited in exchange for FBR shares worth 2c ... not a great trade ... however the sweetener for me was I could triple my holding through bonus performance milestones being met by FBR. We achieved two out of three milestones.

    My exit price target back in 2005 was $5 per share ... in 2017 we hut 27c per share... in 2017 my target exit was $1 ... today it's not the share price but the dividends I'm waiting for.

    Using Brickworks, as an example, paid a 60c dividend last year and haven't missed paying one in 40 years.

    Your 1,600,000 shares would have paid you $960,000 in dividends ... so share price becomes somewhat irrelevant.

    Seeing the opportunity in FBR disrupting a $13 trillion ... that's 13 X 1,000 billion dollar construction market ... and we are at the starting gates with a clear plan for commercialisation ... Reminds me of a story I heard about two shoe salesmen sent by two competitors to Africa ... when one arrived and did his due diligence walking around towns meeting people sent his employer a telegram saying ... send me a ticket home ... nobody wears shoes here.

    The second guy after doing the same diligence sent his own telegram saying ... send me a ship full of shoes ... nobody wears shoes here.

    It's what you choose to focus on
    Last edited by Armsofanangel: Today, 10:11
 
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Last
4.5¢
Change
-0.002(4.26%)
Mkt cap ! $200.4M
Open High Low Value Volume
4.9¢ 4.9¢ 4.2¢ $769.0K 17.01M

Buyers (Bids)

No. Vol. Price($)
1 120000 4.4¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 403482 1
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
FBR (ASX) Chart
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