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
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Last
$1.68 |
Change
0.030(1.82%) |
Mkt cap ! $158.1M |
Open | High | Low | Value | Volume |
$1.65 | $1.72 | $1.65 | $63.80K | 38.03K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9999 | $1.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.75 | 13840 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9999 | 1.680 |
1 | 1000 | 1.670 |
1 | 2247 | 1.660 |
1 | 2790 | 1.645 |
1 | 121817 | 1.640 |
Price($) | Vol. | No. |
---|---|---|
1.750 | 13840 | 1 |
1.790 | 5831 | 2 |
1.810 | 7200 | 1 |
1.830 | 6720 | 1 |
1.850 | 5000 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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