This is a note to all German and indeed all foreigners based FNT investors:
Please forget German trading in ASX small caps. It is meaningless and the spreads are ridiculous.
I have lived in Frankfurt for 30 years. This has never changed, and is unlikely to do so in the future either.
In Germany (with FNT) there is often a buy-sell spread of 20% and the volume is always very thin. Therefore, anybody wanting to buy or sell can push the SP 20% up or down with just one small trade.
If you want to take up a serious position in FNT and make money you will need to buy and sell on the ASX. Which I have been successfully doing for the last 30 years through the Deutsche Bank in Frankfurt.
Cheers.
FNT Chart, page-124
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Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $9.775M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $47.47K | 13.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 57726829 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11347359 | 12 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LNR (ASX) Chart |