Nice write up, my buy order executed today @ 1.07, will be happy to purchase more if the SP continues to fall.
The thing I see as most appealing is no debt and 15c EPS... There are only a couple of options from here, either hold a lot of cash, pay a divvy, buyback shares or make an acquisition. All are positive for shareholders compared to the last 4 years in which FRM used earning to payback debt... I keep on thinking that even with a payout ratio of 40% this is a 5.5% divvy. It could take 12mnths but the 2018 outlook should be $10-12M cash (ready to pull the pin on acquisition), 6c divvy distribution, no debt - future growth as per aussie egg demand.
The drive in SP from 2015 onwards (30c to $2.60) was no doubt driven on expectations of a distribution. A couple words of honesty in the finanial report has, presumably the same people who bought at $2.6, selling at $1... bizzare... I see a lot of upside, key is no debt , FRM can easily weather any curve balls thrown at it by the industy or oversupply and are in a position to profit from it...
- Forums
- ASX - By Stock
- FRM
- Good Write Up From The Boat Fund - Feb Report
Good Write Up From The Boat Fund - Feb Report, page-2
-
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FRM (ASX) to my watchlist
|
|||||
Last
9.7¢ |
Change
-0.003(3.00%) |
Mkt cap ! $13.95M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.7¢ | $29 | 296 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2061 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 2793 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2061 | 0.096 |
2 | 10551 | 0.095 |
3 | 215000 | 0.090 |
1 | 25000 | 0.086 |
1 | 30000 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 2793 | 1 |
0.105 | 7698 | 1 |
0.115 | 2950 | 2 |
0.120 | 20389 | 2 |
0.125 | 46961 | 3 |
Last trade - 15.41pm 28/06/2024 (20 minute delay) ? |
Featured News
FRM (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online