I'll punt!
As I write this the DOW for tonights trade is flat.
I think FMS has shown strength until today and just went under .155 and down to $0.15c.
I doubt that a 1 for 7 has given people enough shares to go crazy. I expect some seeling pressure increase but I think this will largely run with the market rather than reflect the rights issue.
Therefore, if commodities run up I think this will have upward pressure despite some people selling into it.
The danger for holders is that the market turns angry again - if so, this will get smashed like all others.
Oh, the joy of volatilty!
I'll be very surprised if my 13c a share on the 1 for 7 turns out a poor decision. If it is every other share will be trading down 10%+ IMHO.
The real upside is coming in announcements we can hope for before end Dec.
I'll punt! As I write this the DOW for tonights trade is flat.I...
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Last
84.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $168.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 10355 | 1 |
View Market Depth
| Last trade - 16.11pm 16/07/2024 (20 minute delay) ? |
| RHK (ASX) Chart |
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