...cut its head off.
Absolutely typical...In my view this is why so few fund managers are actually any good.
The AFR quotes a leading fund manager as saying Alan Newman should depart FCL after the companies recent performance.
In my mind this demonstartes the complete lack of understand such a person has for the risks that are known to exist in the venture that Newman runs.
It has exposure to significant impact from climatic conditions - insurance, rural supplies, cattle and fertiliser.
Newman is one of the leading managers in Australai in my opinion - yes, age and cunning DO have a place in management - its the funds sold his stock down - if they want to trade short term then expect the swings and roundabouts.
Despite my words of warning in recent posts don't get me wrong...this is a quality company in my view. All that remains is to pick the entry point and have patience...but it is a quality company WITH Alan Newman running it - take him away and all bets are OFF.
(All imo of course!)
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Last
$1.69 |
Change
0.020(1.20%) |
Mkt cap ! $571.7M |
Open | High | Low | Value | Volume |
$1.69 | $1.69 | $1.66 | $77.49K | 46.37K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 968 | $1.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.79 | 5214 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 968 | 1.660 |
2 | 32500 | 1.650 |
1 | 20000 | 1.640 |
1 | 2200 | 1.630 |
1 | 10000 | 1.600 |
Price($) | Vol. | No. |
---|---|---|
1.790 | 5214 | 1 |
1.800 | 290 | 1 |
1.820 | 11500 | 1 |
1.830 | 5000 | 1 |
1.840 | 5000 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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