Firstly, happy to share my personal experience with making money in share markets:
- You have to be right in the beginning
- You have to be patient along the way
- You have to be able to filter noises
- You have to be LUCKY
I have had many successful short term trades in the last few years, while flipping $20k in a day is fun, nothing pays off when compared to my long term positions, apart from the obvious tax reasons for CGT, a big factor I believe why everyone should once in a while take a long view is:
Active management destroys value.
I was in FBR 2 years ago, many old friends here and many new comers. If you can forget about the price action of today, yesterday, last week or last month, and take a look the life phase where FBR current sits, after I put together below, it made me holding my breath for a few seconds:
May 2016: Showcase H105
July 2016: Construction of HX started
Sep 2016: 1st Cornerstone investment by HunterHall, Cashflow de-risk (A$8m)
Sep 2016: 11 houses contract for Archistruct
Sep 2016: Bricks and adhesives used by Archistruct approved by council
Apr 2016: FBR relocation to proper facility
July 2017: MoU with Caterpillar Inc, Strategy Board, Steering Committee, IP sharing, etc ($A2m)
Aug 2017: MoU with Kingdom of Saudi Arabia government to build 50,000+ houses (100+ HX)
Sep 2017:
Oct 2017:
Nov 2017: HX assemble completes (estimate)
Mar 2018: 1st house built (estimate)
Apr 2018:
Jun 2018:
Nov 2018:
My view in this goes very very very long.
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Last
5.3¢ |
Change
0.006(12.8%) |
Mkt cap ! $236.0M |
Open | High | Low | Value | Volume |
4.9¢ | 5.5¢ | 4.9¢ | $344.9K | 6.654M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 841123 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 106317 | 0.053 |
1 | 100000 | 0.052 |
5 | 636541 | 0.051 |
14 | 1096744 | 0.050 |
9 | 924528 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 625131 | 6 |
0.056 | 1235915 | 5 |
0.057 | 671419 | 5 |
0.058 | 571349 | 3 |
0.059 | 292030 | 3 |
Last trade - 14.05pm 17/07/2024 (20 minute delay) ? |
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FBR (ASX) Chart |