Louloubell sold 80% of his FPA shares at NZ$1.16 and 1.17. Gave him a more balanced portfolio. Used the freed up money to invest in WOR, ORG and AWE.
Will take up the rights issue.
I do see a bright future for FPA.
Gosh, have I learned from my mistakes with FPA and am I glad I was able to reduce my holding with a profit of around 15% (in less then 12 months). More bravery and good luck then good management though. I have lost some sleep over this investment.
Good luck to all holders
FPA Price at posting:
62.0¢ Sentiment: Hold Disclosure: Held
