Australia's largest stock trading and investment forum Australia's #1 stock forum

FBR

Click for more information

2.17%

4.7¢ fbr ltd

Hi Adent,Though I somewhat agree with your perspective,...

First 273 Last

Share
Profile

Follow
Burlzey

350 Posts.

249

18/04/19

14:53

Post #: 38201731
Share

Originally posted by adent: ↑

Agreed, selling now would not be a good idea for the short term in my view.
As I said a week or so ago, I am expecting the price to go higher from here to about 12 to 14 cents due to the announcement of the JV and believers seeing massive value.
Then soon after that, a combination of the coming end of tax year and people will realize that the JV doesn't mean that revenue suddenly appears and reality will set in. Price at this point will drop again to the current or lower levels.

There is some profit to be made over the next 4 to 5 weeks I reckon.
After that it will be time to wait until the next buying opportunity.

Expand

Hi Adent,

Though I somewhat agree with your perspective, it's hard to speculate what the SP will go to without knowing what the Shareholder Agreement for the Fastbrick Australia JV entails.

There could be a requirement to take up options at X price for X amount of shares or it could be a very unfavorable JV for FBR. There's just no way of knowing until it occurs.

FBR Price at posting: 7.7¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

NYR

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

NEU

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

There are more pages in this discussion • 158 more messages in this thread...

First 273 Last

Add FBR (ASX) to my watchlist

(20min delay)
Last 4.7¢		Change 0.001(2.17%)		Mkt cap ! $226.7M

Open	High	Low	Value	Volume
4.6¢	4.8¢	4.5¢	$59.34K	1.286M

Buyers (Bids)

No.	Vol.	Price($)
3	18611	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	392644	6

View Market Depth

No.	Vol.	Price($)
3	18630	0.046
17	1360638	0.045
14	1649925	0.044
8	642192	0.043
8	942829	0.042

Price($)	Vol.	No.
0.047	392644	6
0.048	108520	4
0.049	1185358	7
0.050	597145	6
0.051	371342	5

Last trade - 15.01pm 07/10/2024 (20 minute delay)

FBR (ASX) Chart