I have had a draft post sitting on my desktop for a while. I haven't posted it as assumed it would upset the longterm shareholders who are probably carrying a loss or growing impatience or both.
The JV with US expansion is great progress but won't address multiple issues. Realistically any scale up plan is at least three years away from becoming financially viable. Also adds complexity to the structure and currency risk.
Until then FBR are facing negative cashflow, share dilution, general reluctance from builders to take risks on new tools. A lot of risk and speculation, even of the robot can do everything the business claim
Unless a significant merger or takeover offer arrives, not expecting the share price to skyrocket or sustain any lofty heights.
FBR Price at posting:
3.8¢ Sentiment: None Disclosure: Held
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