Mine have all gone...was surprised when they went up after I sold.
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FBU a pretty popular pick in the competition this
Many, including some illuminiaries, obviously think could be a decent turnaround story
Don’t forget the share price was once close to $14 so even if it only goes to $10 it’s only going to where it’s been before.
Agree there is upside potential, however IMO there is still considerable downside risk if there is any more bad news.
Given the downside risk I won't be touching until there is some good turnaround news/evidence and a more established rising trend. It will be an interesting one to watch in 2018, but I'll remain on the sidelines. GLH.
Is there an element of "everything else has run too hard " in picking FBU to perform strongly this year? I'm another who'll wait to see some evidence first.
Carillon's problems in the UK read rather like an extreme version of FBU's here. From the Guardian:
https://www.theguardian.com/business...uidation-staff
NBR headline a few days ago :
"Spanish company eyes Fletcher's Construction Division"
No denials or rebuttal so far?
https://www.nzx.com/announcements/313873
More material losses from B&I
huge falls in loss of confidence for this stock , nice timing announcement right at the top of the declining trendline ..... big fall today
Maybe the Spaniards watching closely ......even cheaper entry now if they are keen
https://www.nzx.com/announcements/313880
Used to be a good company, one I traded quite a lot years ago. Sad to see it so thoroughly lose the plot over the last several years or so.