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
I agree, I'm holding for a 2 year turnaround but there is a good...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FWD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.87 |
Change
0.025(1.36%) |
Mkt cap ! $176.0M | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.87 | $1.83 | $46.09K | 24.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 247 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 6029 | 1 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| FWD (ASX) Chart |