sharetrader

View Poll Results: What price will FBU close at on 12/2/2018 ?

Voters
46. You may not vote on this poll

  • $8 +

    0 0%

  • $7.50 - $8

    1 2.17%

  • $7.00 - $7.50

    6 13.04%

  • $6.50 - $7.00

    6 13.04%

  • $6.00 - $6.50

    13 28.26%

  • $5.50 - $6.00

    9 19.57%

  • $5.00 - $5.50

    7 15.22%

  • Under $5.00

    4 8.70%
Page 1 of 4 1234 LastLast
Results 1 to 10 of 32
  1. 09-02-2018, 04:19 PM #1
    Beagle
    Beagle is offline
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default What price range will FBU close at the end of trading on 12th February ?

    As the thread title suggested. The trading halt will come off Monday morning. What price do you think they'll trade at, at the close of trading for the day bearing in mind this is their third downgrade and they have been on trading halt while the market has been falling.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
    Reply With Quote Reply With Quote
  2. 09-02-2018, 04:33 PM #2
    minimoke
    minimoke is offline
    Legend minimoke's Avatar
    Join Date
    Mar 2005
    Location
    Christchurch, New Zealand.
    Posts
    6,502

    Default

    theres me in at $6.10
    Reply With Quote Reply With Quote
  3. 09-02-2018, 05:12 PM #3
    Beagle
    Beagle is offline
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    I'm in at the low $6's too but wouldn't pay anything anywhere near that myself. This poll is just my morbid fascination with train wrecks and grossly incompetent train drivers.
    Last edited by Beagle; 09-02-2018 at 05:13 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
    Reply With Quote Reply With Quote
  4. 09-02-2018, 05:53 PM #4
    Beagle
    Beagle is offline
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    http://www.sharechat.co.nz/article/8...i-discounthtml

    For what its worth...
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
    Reply With Quote Reply With Quote
  5. 09-02-2018, 09:29 PM #5
    value_investor
    value_investor is offline
    Member
    Join Date
    Jul 2017
    Posts
    313

    Default

    I thought after the last downgrade, it should have been trading at close to $6, so depending on the announcement Monday it should be less than that even.

    Can't tell until the result comes out but the current valuation is laughable.
    Reply With Quote Reply With Quote
  6. 09-02-2018, 10:14 PM #6
    Valuegrowth
    Valuegrowth is offline
    Advanced Member Valuegrowth's Avatar
    Join Date
    Jun 2013
    Posts
    1,960

    Default

    In the short run, it should have support around $7.If there is a panic situation, it can go to as low as $5.
    Reply With Quote Reply With Quote
  7. 10-02-2018, 10:01 AM #7
    carrom74
    carrom74 is offline
    Member
    Join Date
    Jun 2016
    Posts
    487

    Default

    Quote Originally Posted by Beagle View Post
    As the thread title suggested. The trading halt will come off Monday morning. What price do you think they'll trade at, at the close of trading for the day bearing in mind this is their third downgrade and they have been on trading halt while the market has been falling.
    It baffles me that not long ago(about 2 months) the new CEO bought FBU shares around $7... what we he thinking at that time?
    Reply With Quote Reply With Quote
  8. 11-02-2018, 12:07 PM #8
    Anna Naum
    Anna Naum is offline
    Senior Member
    Join Date
    Jun 2003
    Location
    , New Zealand.
    Posts
    526

    Default

    Quote Originally Posted by carrom74 View Post
    It baffles me that not long ago(about 2 months) the new CEO bought FBU shares around $7... what we he thinking at that time?
    I think it was part of his employment contract
    Reply With Quote Reply With Quote
  9. 11-02-2018, 12:20 PM #9
    Balance
    Balance is offline
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,575

    Default

    Quote Originally Posted by carrom74 View Post
    It baffles me that not long ago(about 2 months) the new CEO bought FBU shares around $7... what we he thinking at that time?
    You are assuming that FBU is going to never get above $7 again?

    History tells us that there's BIG money to be made whenever Fletcher gets itself in trouble - on several occasions.
    Reply With Quote Reply With Quote
  10. 11-02-2018, 12:34 PM #10
    winner69
    winner69 is offline
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,848

    Default

    Quote Originally Posted by Balance View Post
    You are assuming that FBU is going to never get above $7 again?

    History tells us that there's BIG money to be made whenever Fletcher gets itself in trouble - on several occasions.
    So true Balance

    Almost seems they plan these periods of self destruction so they can be morphed into something else.

    Hope the Fletcher name is never lost.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules