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Thread: FBU Chart.

  1. #1031
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    Price back over the trendline


    Attachment 4221

  2. #1032
    Senior Member pierre's Avatar
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    An SP starting with an 8 is looking dangerously close right now.
    "Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small jumps." David Lloyd George

  3. #1033
    Senior Member pierre's Avatar
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    Quote Originally Posted by pierre View Post
    An SP starting with an 8 is looking dangerously close right now.
    At 804 as I write - up 20cents on the day so far.
    "Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small jumps." David Lloyd George

  4. #1034
    Membro gonzo56's Avatar
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    Quote Originally Posted by pierre View Post
    At 804 as I write - up 20cents on the day so far.
    It still hasn't broken through the long-term (6yr) trendline. It's just touching it now [See picture]

    Attachment 4223

  5. #1035
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    Quote Originally Posted by gonzo56 View Post
    It still hasn't broken through the long-term (6yr) trendline. It's just touching it now [See picture]

    Attachment 4223
    Maybe but all the moving average lines look healthy. ....even healthier than they looked in July when said buy at around 600 .....and FBU became a screaming buy at that time in the context of Chch timelines etc

    So 33% in four months not too bad ...and a divie as well .....and still expect 100% plus from FBU in this trade

    Up up and away

  6. #1036
    Speedy Az winner69's Avatar
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    From Business Spectator FBU out of favour with JPMorgan ... They prefer ABC in this space

    http://www.businessspectator.com.au/...ent_spectators

    JP Morgan has switched its preferred pick in the building materials space, upgrading Adelaide Brighton to overweight while downgrading the New Zealand-based Fletcher Building to neutral.

    During the past quarter, Fletcher has enjoyed a very strong run, ranking near the top of the sector with a 15 per cent return, while Adelaide Brighton has been the laggard of the sector. The chart below shows the performance of both stocks over the past year, in particular the very strong outperformance from Fletcher Building over the last three months.

    With a lot riding on a strong second half and its valuation now stretched, JP Morgan is no longer recommending Fletcher Building as its preferred exposure to the sector. Instead, it elevated Adelaide Brighton to its preferred sector pick and said the stock offers the highest expected total return in this sector

    "Market data suggests Adelaide Brighton is on a solid path in the second half of 2012. While its first half result fell below our expectations, recent data from the Australian Bureau of Statistics on cement and clinker has provided room for optimism on the outlook for the second half 2012.

    "The September quarter was particularly strong for cement, which rose by 7 per cent against the pcp and is up 10.3 per cent in the year to date," JP Morgan said.

    Given the company’s considerable exposure to cement and the momentum evident in the latest Australia Bureau of Statistics, JP Morgan views Adelaide Brighton as its preferred pick in the sector. It notes that its total return estimate of 4.2 per cent is well ahead of the -2.6 per cent expected for the sector.
    Last edited by winner69; 25-11-2012 at 04:59 PM.

  7. #1037
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    So winner. with your Up up and away ( post 1288 ) where are you now with your post 1289 ??..

    Selling FBU.. and Buying Adelaide ??..

  8. #1038
    Speedy Az winner69's Avatar
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    Quote Originally Posted by janner View Post
    So winner. with your Up up and away ( post 1288 ) where are you now with your post 1289 ??..

    Selling FBU.. and Buying Adelaide ??..
    This is a long term trade .... target $14 by end of 2014 .... but as always watching the lines on that chart

  9. #1039
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    Quote Originally Posted by turmeric View Post
    FBU up ~4% on the day - I havent noticed any specific news coming out today to cause this. Does anyone else have any more info?
    Cheers
    Probably related to yesterday's Sept quarter building work numbers - up 9.6%.

  10. #1040
    Speedy Az winner69's Avatar
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    Quote Originally Posted by turmeric View Post
    FBU up ~4% on the day - I havent noticed any specific news coming out today to cause this. Does anyone else have any more info?
    Cheers
    Just that every now and again people need a bit of good news like that Sept quarter building activity report just to remind themselves and give them comfort that the future is bright for FBU

    That was Sept activity reported yesterday ... building consents still rsiing 20% odd since then and that is an indicator of the future

    See I didn't say that the shareprice is following the red line on the chart I posted a few weeks ago

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