Agree a lot with the ideas in this thread, I came up with similar thoughts which is why I purchased some options after neglecting them for so long believing they would not be exercised, but now everything looks primed for these options to be in the money (especially with strong DOW movement on Friday.)
FNT is undervalued by a long shot at the moment, the only explanation I can come up with for these last ann's not being truly reflected in the price is the fear of the options diluting holdings shortly. However this is a risky tradeoff for those waiting for the option date to pass, as with each announcement the company is adding value which the market can not ignore for long. A lot bigger trades came through on Thursday which leads me to believe some bigger players are realising this as well... all it takes is the go ahead from one brokers office and all systems are go. They will not want to miss out!
Hopefully we are in the money tomorrow!
market is playing right into fnts hands , page-11
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.99M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $2.042K | 446.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 8575500 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 18486611 | 26 |
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| Last trade - 12.02pm 12/07/2024 (20 minute delay) ? |
| LNR (ASX) Chart |