morning,
good post choo,
some are asking what is moving this sp - what is happening in the near future? what do people know that is coming?
Well, I personally think that your chart shows that it is clearly not what is coming but what we now know - even if it took Hartley's to tell some of us.
This sp is responding purely to fundamentals - fundamentals that most of us who follow closely either knew or guessed.
It is clearly obvious that focus is going to get a continual stream of good news - any analyst who is awake and sober (if you can find one) is going to realise this is a good story.
Sure, we will have the odd disappointment - that is mining/exploration/production etc. - that is just business.
But with a rising pog and poking $1m a month on exploration and such good real estate - a rising sp and/or rerating has to happen sooner or later.
With the current interest in fml, of course some who read a little further will find out about TI - and that might make them either buy in or buy a few more than they otherwise would.
Personally I think focus is an investment stock and not a trading stock - I have traded it in the past - but I have changed my strategy quite a while back.
I have said for about what must be a year now - whatever it is/was that kept this sp low - is an absolute gift to investors -- if anyone has missed out on having a reasonable amount of focus in the last year or so - they have only themselves to blame - this has had long term bargain written all over it for ages.
this company is going places - look closely at the fundamentals now - because you won't be able to recognize them as the same company in 5 years. It will look more different then to what it looked 3 years back.
It is interesting that Alan Kohler wrote about nobody except for small investors owing bhp or rio for 15 years or more in australia - every insto is trading them and not long term holding - same deal focus.
Maybe that is exactly why smsf returns are all over institutions ------- maybe people (end users) care more about their returns.
People will one day realise that buy and hold is really the way to wealth - but only in quality companies.
Focus is a keeper - at least whilst we have the management and board we have and are left alone - personally if we had share certificates like the old days - I would put focus in the bank vault - I would not risk it in the bottom drawer - it will be far too valuable in a few years.
How would you be if you bought and held fmg a few years back?
have a great day all
pinto
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1016 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 1017 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1016 | 0.150 |
1 | 20000 | 0.145 |
1 | 112284 | 0.140 |
2 | 54554 | 0.135 |
3 | 27509 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 1017 | 1 |
0.155 | 14055 | 2 |
0.160 | 37300 | 2 |
0.165 | 71956 | 3 |
0.170 | 10000 | 1 |
Last trade - 09.27am 30/08/2024 (20 minute delay) ? |
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FML (ASX) Chart |
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