In regards to the FFX opening price (ex LLL entitlement), my perspective is that the insto’s will use the demerger to play their games, so the price will do whatever they want it to… however that also provides a potential opportunity for traders and LT investors to benefit.
There is a gap at 40.5c 4/8/21 and two others lower down at 23.5c 13/4/21 and 20.0c 9/3/21.
I’m looking to pick up some extra shares for the Superfund with the first purchase around the 40.5c gap and second in the low 30’s if it gets there, all of which I’ll hold along with LLL long term.
I will also use a CFD (IG) for a short-term hold/trade should the price drop into the low 30’s… I would more than double down if it hit the gaps in the low 20’s however I think it would be insane for it to go anywhere near those.
