Thanks for your knowledgeable reflections, @MarsC. I've exited as of today, following the news last night that Capital H has been selling and has now gone below the substantial holder threshold (<5%). That breaks my investment thesis. Without any further requirements to disclose movements to the market, unfortunately, it is not clear what Capital H plan to do with the remainder of the position and thus it could become an overhang on the stock. It is likely that they are trimming back their position as the scenario is not playing out as expected, so far. Yet to be seen as to whether they will exit in entirety or hold the 5% for now and give the CEO a further chance to make something of this new, higher-margin strategy.
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Why I am not buying FRM, page-66
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Last
9.7¢ |
Change
-0.003(3.00%) |
Mkt cap ! $13.95M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.7¢ | $29 | 296 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2061 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 2793 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2061 | 0.096 |
2 | 10551 | 0.095 |
3 | 215000 | 0.090 |
1 | 25000 | 0.086 |
1 | 30000 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 2793 | 1 |
0.105 | 7698 | 1 |
0.115 | 2950 | 2 |
0.120 | 20389 | 2 |
0.125 | 46961 | 3 |
Last trade - 15.41pm 28/06/2024 (20 minute delay) ? |
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