Rizzla...if you mean that the price could go lower...I agree with you...but not for the same reasons.
It might well go lower because the business model is broken up and parts are sold off...at, hopefully, close to NTA. As shareholders we might get shares in another company and/or a special dividend.
Your view of the property market might well have been true 6 months ago but you would be smart to study recent trends. Peregian & Rochedale in Qld will have seen some price stability/strengthening. Point Cook in Vic maybe not so.
Study the emerging trends...the first homebuyers are getting more active. Another interest rate cut will be good for FKP both ways. More buyer interest and less bank interest.
As they say in ice hockey Rizzla, don't be a fool and travel to where the puck is...travel to where its going...and the property market is showing a number of green shoots...certainly in the USA!
As for shorting...move quickly because mid December will see you requiring around $1.50 per share and you won't be able to make silly trades like 19.7 cents!
FKP Price at posting:
$1.37 Sentiment: Hold Disclosure: Held
