Those who had bought in at the float price of $2 maybe taking a loss on the investment? Shorters?
FXL is I believe a lender of last resort, therefore if all financiers across the market are being sold down across the board, smaller players like FXL get punished more heavily.
Personally, I have been accumulating the last couple of days on the back of the div yield. Whether it can be maintained is debatable.
In this current credit climate I would assume that FXL would have to provision for some bad debts. All will be revealed in their full year results within 6 months.
Unfortunately the plug has been pulled from the bathtub, and just as a rising tide lifted all boats, even leaky ones(MFS,AFG), the final washout will determine who is left floating in the medium to long term.
Time will tell with FXL, just hold on for the ride.
Those who had bought in at the float price of $2 maybe taking a...
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Last
44.0¢ |
Change
-0.010(2.22%) |
Mkt cap ! $216.2M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 44.5¢ | 44.0¢ | $10.45K | 23.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 93943 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 7896 | 4 |
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| Last trade - 11.01am 09/07/2024 (20 minute delay) ? |
| HUM (ASX) Chart |