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
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $197.8M |
Open | High | Low | Value | Volume |
4.1¢ | 4.3¢ | 4.1¢ | $253.4K | 6.024M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1225791 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 513275 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 968603 | 0.041 |
14 | 2009225 | 0.040 |
11 | 541571 | 0.039 |
3 | 731578 | 0.038 |
6 | 842347 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 500000 | 1 |
0.043 | 496357 | 1 |
0.044 | 1341567 | 4 |
0.045 | 783301 | 6 |
0.046 | 917410 | 3 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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