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ash007

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18/08/17

10:22

Post #: 26584758
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Originally posted by Storm_chasor ↑

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: 1^st 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: 1^st house built (estimate)
Apr 2018:
Jun 2018:
Nov 2018:

My view in this goes very very very long.

Expand

Thanks for sharing Stormy. Its been an incredible ride so far as well. Did you read the other thread on Ryback saying Archistruct could be receiving the HX next month? If that is really true, we would have 3 back to back months of Announcements! I'm wondering, how long is your view? I personally is willing to wait out another 5 years, buying dips when I can afford.
FBR Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 4.8¢		Change 0.003(6.67%)		Mkt cap ! $225.1M

Open	High	Low	Value	Volume
4.5¢	4.8¢	4.4¢	$213.9K	4.591M

Buyers (Bids)

No.	Vol.	Price($)
7	372524	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	688369	6

View Market Depth

No.	Vol.	Price($)
2	114684	0.048
3	381148	0.047
5	1016689	0.046
6	2324106	0.045
2	261590	0.044

Price($)	Vol.	No.
0.049	667961	5
0.050	931751	11
0.051	337834	4
0.052	275000	2
0.053	145235	3

Last trade - 12.13pm 18/09/2024 (20 minute delay)

FBR (ASX) Chart

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