FBR 5.41% 3.9¢ fbr ltd

Hi DoubleDownYour reasoning of share dilution leading to a 75%...

  1. 205 Posts.
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    Hi DoubleDown

    Your reasoning of share dilution leading to a 75% drop in price illogical and let me explain why.

    But firstly ask yourself to answer one question honestly. Do you believe the company is in a better position now to deliver a machine than generate income or was it in a better position 3 years ago?

    If you answered honestly you would say that the company is in a better position now than it was 3 years ago (or at the very least in the same position).

    The market cap should theoretically be the value of the company.

    If the company was correctly worth $170m 3 years ago, then I would think the company has demonstrated enough to indicate it is still worth $170m today.

    Why has it dropped? I think Burlzey picked it, market sentiment has dropped. Perhaps on reflection could it have been overvalued 3 years ago when everyone thought they were going to make a quick buck a sentiment strong?

    The fundamentals of this company are a hell of a lot better now than they were 3 years ago and if I only had a chance, this is the time when I have should have gotten in.

    I think its very easy to push the dilution barrow, but I think on analysis the dilution has had only a small impact and to attribute a 75% drop is nonsense.

    NGNG

 
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3.9¢
Change
0.002(5.41%)
Mkt cap ! $186.8M
Open High Low Value Volume
3.7¢ 4.0¢ 3.7¢ $190.4K 4.913M

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3 261354 3.9¢
 

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Price($) Vol. No.
4.0¢ 2135947 7
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