Bought some at 116 .... lets see what happens over the next few hours but if it goes up will ensure I make a few bob .......... or bail out pretty quick if it starts heading down from here
Bought some at 116 .... lets see what happens over the next few hours but if it goes up will ensure I make a few bob .......... or bail out pretty quick if it starts heading down from here
Bugger - got that one wrong - out for a small loss but wouldn't want to calculate the annual return on that trade
Try again later on in the afternoon --- must be some money here somewhere but if Fisher is getting out for good anything could happen - they'd go to 75 cents just to get rid of the rest ... no theres a thought
Wow , just noticed the carnage, had removed this from the watchlist , cant believe how far it fallen.
Had a lucky escape with this one , bought some a while ago for around five dollars but later sold out when it showed no sign of bouncing.
Do hold a few barramundi though , not sure how many fisher still hold.
Dont know what they have been up to but it must be bordering on criminal. To take a stock from 11 dollars to 1.00 in eight months must involve some criminal activity somewhere.
CCP looks cheap. At 20 to 23 cents EPS, currently PE at 5 pre-restructuring. Did they say anything about dividends for this half? All will be reveal this coming Thursday I supposed.
Of course, short term (2 months) look safe, but as for long term, another profit downgrade?
Dont know what they have been up to but it must be bordering on criminal. To take a stock from 11 dollars to 1.00 in eight months must involve some criminal activity somewhere.
Ratkin ... you did have a close shave eh .... and i would say that after todays effort and the number of shares traded Barramundi would have cut their losses and bailed out.
Actually from just under $13 last May to todays $1 - not many outfits can claim to have had 2 60% drops in a day in such a sgort term
Agree with Footsie you would have to say that $1 is pretty cheap but who would want to invest in company like this ...... many would say that even the $10m will be downgraded ... and will the retructure costs of $5m be more than that
I had doubts about their financials some time ago (I still see a writedown in the value of the ledgers still to coem but that will be a non cash item so most will disregard it etc) and thought that they weren't amortising the ledgers as fast as they should be.
Reminds me of the star collection agencies we have seen over the past few years ....
Bookmarks