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02-06-2020, 08:04 AM
#1001
Originally Posted by Scrunch
Huge volumes in the end of May readjustments for FBU. $290m (83m shares) traded today. With a market cap of $2.89b that's 10% of the company!! The 5-year direct broking chart indicates no other day has been above 15m shares so this is way bigger than normal, even for the end of month/quarter readjustments. I wonder if its just insto's doing their readjustments on steriods or something more interesting?
Up more than 5% on ASX y'day to close at 3.55 AU which is about 3.83 NZ, see if it gaps up on open here today...
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02-06-2020, 08:29 PM
#1002
Whats caused the bump today?
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02-06-2020, 08:45 PM
#1003
Originally Posted by tim23
Whats caused the bump today?
Like THL, post MSCI selldown rebound back towards $4 at least imo. Probably helped too by less pessimistic economic forecasts by the banks.
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02-06-2020, 08:51 PM
#1004
Originally Posted by Balance
Like THL, post MSCI selldown rebound back towards $4 at least imo. Probably helped too by less pessimistic economic forecasts by the banks.
And the prospect of an early move to Level 1 restrictions for business.
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03-06-2020, 09:09 AM
#1005
Originally Posted by sb9
Up more than 5% on ASX y'day to close at 3.55 AU which is about 3.83 NZ, see if it gaps up on open here today...
Closed on ASX at A$3.38 or NZ$3.87 - Aussies more positive than NZ? Seems to be the story these days with dual listed stocks?
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03-06-2020, 09:18 AM
#1006
Originally Posted by Balance
Like THL, post MSCI selldown rebound back towards $4 at least imo. Probably helped too by less pessimistic economic forecasts by the banks.
Seem to be moving in a nice solid uptrend gaining few cents each day, my short to medium term pick is for sp to be around mid to high $4 mark...
Originally Posted by Balance
Closed on ASX at A$3.38 or NZ$3.87 - Aussies more positive than NZ? Seems to be the story these days with dual listed stocks?
Does seem that way, isn't it?
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03-06-2020, 10:57 AM
#1007
Originally Posted by Balance
Closed on ASX at A$3.38 or NZ$3.87 - Aussies more positive than NZ? Seems to be the story these days with dual listed stocks?
There was a report on Livewire a few days ago comparing James Hardie's performance against the other ASX listed building related stocks like FBU, Boral, CSR and a couple of others. IIRC, the report pointed out that relative stock price movements meant that you could then buy the non-JHX basket of earnings about 60% cheaper than JHX. BLD and CSR have also rallied sharply at the same time as FBU whereas JHX has only moved a little bit since then.
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03-06-2020, 11:21 AM
#1008
Originally Posted by traineeinvestor
There was a report on Livewire a few days ago comparing James Hardie's performance against the other ASX listed building related stocks like FBU, Boral, CSR and a couple of others. IIRC, the report pointed out that relative stock price movements meant that you could then buy the non-JHX basket of earnings about 60% cheaper than JHX. BLD and CSR have also rallied sharply at the same time as FBU whereas JHX has only moved a little bit since then.
Good observation, trainee investor. 👍
It concerns me that we may have yet another NZX company like ATM, SKO & XRO where the sp is driven out of the ASX.
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03-06-2020, 06:39 PM
#1009
Originally Posted by sb9
Seem to be moving in a nice solid uptrend gaining few cents each day, my short to medium term pick is for sp to be around mid to high $4 mark...
Closed up on ASX again above NZX today - $3.95.
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03-06-2020, 07:47 PM
#1010
Originally Posted by Balance
Closed up on ASX again above NZX today - $3.95.
Should be knocking on $4 handle tomorrow barring big down day on US markets.
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