re: half year results - sp up +45% in 6 weeks I agree Analyser,...

re: half year results - sp up +45% in 6 weeks I agree Analyser, NO premium, very tight !

I think you're right, its just away of having the FCO directors get half of their holdings converted to cash - can't blame them I guess ...

However, I saw research from Bell Potter last year (late October) indicating that the FCO share price as a direct compare to CDD and COF should be 37c. This was before 10% profit upgrade, APP and DASCEM aquisition. So me thinks that 27.5c is way too cheap. BTW using a DCF valuation the price was .32c.

However (2) Bell Potter placed shares at 21.5c last year as part of the sell-down so can you really trust them ??

Best hope here is to get a bit of a sweetner from COF. 90% on the shares and options might be difficult, especially the options (after the sell-down) - I suddenly have found myself with quite an important holding on this one ...