Given the amount of shares on issue the volumes are quite pathetic.
Despite what everyone is saying this is a trading stock for now with the odd rumor and head fake being perpetrated.
This stock ain't moving anywhere until the financial and management fundamentals change.
Sure it will go up a bit and everyone will cheer and then it will go down a bit and everyone will grimace. So what! - nothing has really changed except for the rhetoric.
My feeling is that Shandong are going to do a massive clean out and there will be a butting of heads and a lot of chest beating and eventually a new team will be put in place and a new direction for the company will be forged.
At the end of the day, however, if they can't turn a buck and get the efficiencies and economies they need FML will go the way of the Dodo and become a distant memory. I think they have one year to prove themselves and barring any further cash injection they will survive 3 years give or take if they don't get it right.
I bought in because someone had faith and more than likely knew enough to throw $225m at this company and as I said before it's either the biggest con games in town or there is something special there.
It's axiomatic to say time will tell but I give them a year to get their shhhstuff into one sock.
All the best to the long termers.
Cheers
BW
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.55M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.5¢ | $9.976K | 68.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24701 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 35125 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 91701 | 0.145 |
5 | 43567 | 0.140 |
2 | 17786 | 0.135 |
4 | 135286 | 0.130 |
3 | 325576 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 35125 | 4 |
0.170 | 101060 | 2 |
0.175 | 38584 | 4 |
0.180 | 4854 | 1 |
0.185 | 8430 | 1 |
Last trade - 15.18pm 27/06/2024 (20 minute delay) ? |
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FML (ASX) Chart |