I agree, I'm holding for a 2 year turnaround but there is a good chance that the HY results will show the RV division has cut more costs and made small sales improvements - they cut $2m+ out of costs in the last HY (that must have included some redundancy costs too), and I reckon we will see a similar reduction in the next HY. If that happens then the new imported vans just need to stop revenue falling and we will have an EBIT of 0 or a small positive in Feb and suddenly FWD starts looking like it's got it's house in order.
I think the time to buy is over the next few months - agree prices are likely to drift up and down as they have been all year - I'll be adding to my holdings for sure if the prices stay down here in <=1.60 range.
Cheers
pb
DYOR please
This is cheap, I am in., page-3
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Last
$1.78 |
Change
0.005(0.28%) |
Mkt cap ! $167.5M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.77 | $55.95K | 31.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9700 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 7743 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FWD (ASX) Chart |