So when do u buy in this slide, would u buy today ?
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My comment was firmly tongue in cheek as I'm definitely no trader.
But i think both FBU and HGH with their traditional good divs buying on low book value multiples.. there is potential to earn a good income and take a good capital gain when waters are calmer and book value multiples are higher (around 1.5x).
Personally i see no reason to buy both today. If either did a cap raise i would be keen to buy straight after that. And if no cap raise then wait for the chart to turn.
Do it then RAWZ..... Who is up first to catch this knife....
I lost a bit catching SML, so feeling burnt...
I wonder why we investors are always attracted to companies reporting bad news and share prices tanking.
The hope to get a bargain i guess.
We should all be buying stocks that have provided good news and guidance up on previous year, companies like 2CC and FND.asx. Oh wait i own heaps of those already :t_up:
If either did a cap raise i would be keen to buy straight after that. And if no cap raise then wait for the chart to turn "
After cap raise often a good time to buy
SKL has performed well after 50 CPS cap raise (decades ago?) but since sold as I was looking for faster growth companies
Both FBU and TWR updated the market on 14th Feb. FBU of course bad news. TWR was good news (will be at or above upper end of guidance).
FBU has 9 pages of STr posts discussing the results, management AND when to buy.
TWR has 1.5 pages of STr posts..
What we doing folks.?
What about RBD.. market cap now $400m vs FBU $2.8B.
Bad news sell - the ole news media adage is alive!
It was not an advice mate ....please read the context then maybe U will understand better what I was trying to state ...IF one disregards downtrends to initiate buys in any down sliding stock then HOW to go about it was the context ....not anything more
Also mate not all stocks need get into uptrend to initiate buying ...MFT if u had waited then earliest U wud have bought was at $ 67 and not $ 55 like W69 did
Sometimes one need make VALUE call then TA call ...like U doing for OCA .
No strict sense of rules work always ...but TA can be useful if used with intelligence not dogmatism .
For the health and wellbeing of readers on here maybe the Admin should 'suspend' FBU say for 2 weeks.
Reading the FBU comments can cause anxiety as the outrageous mismanagement can reflect on the entire NZX.
Just trying to look at it from a positive point. Let's get this bs company off the radar to give everyone a chance comment on the well managed NZX Companies.
Fly the NZ flag with pride I say.
The underlying business is sound. Ross Taylor inherited the convention center. He was planning on retiring within 5 years when he took over. He is now taking the heat for the convention center debacle.
What he has implemented within Fletchers will be enjoyed by his successor.
https://www.stuff.co.nz/business/350...wrong-fletcher
An insider’s view of what went wrong for Fletcher
An interesting read from an insider
If I am right construction takes place with borrowed money. When cost of money, interest rates go up construction industry will have to face for consequences. On top of that many industries have to make provisions for increased cost and insurance. How about the weakening construction demand? They are also contributing to low margin in the industry. Lot of things have skyrocketed to unsustainable and unaffordable levels. Purchasing power has gone down. I don’t see any turnaround in this sector until 2026. High cost of doing business is my main concern. I may try this for a turnaround opportunity. I am going to keep FHU on my turnaround list.