FBR 4.35% 2.4¢ fbr ltd

Beware the Whisper Stock

  1. 3,387 Posts.
    lightbulb Created with Sketch. 4561
    Great message - thanks for sharing. 100% agree. The only thing I would add is that in addition to entering once the stock is more proven, consider entering only when the risk/reward balance is in your favor. At a current market cap of $100m at 9.5c, there is still too much success factored in and so the risk/reward balance is skewed towards risk. If however, the stock was to continue to fall towards 5 cents, which looks likely from a technical perspective, then perhaps the risk-reward balance changes. At 5 cents we would have a market cap of c.$50m and given FBR have $35m cash in hand, this is a more appropriate market cap for a highly speculative stock such as this. A share price of 3.5c would mean market cap = assets, and thus 3.5c should be a floor for the share price. I.e. at 3.5c, no success is factored in. I won't consider entering until we get to 5c levels, unless the fundamentals change (i.e. emergence of profits).
  2. 1,085 Posts.
    lightbulb Created with Sketch. 49
    I would only consider it at tangible assets per share, which is only a bit above 3.5c as they are obviously burning through cash being invested in R and D. My main beef is the way this stock was introduced to me by a former, not so bright, coworker (became aware of, I have never held), - as a "sure" thing at the lunch table at work. He manged to get a bunch of coworkers into this stock as well which really bugs me. Was abused by said person when I said it might not work out.....
    Last edited by Boz2112: 03/01/19
 
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Last
2.4¢
Change
0.001(4.35%)
Mkt cap ! $106.5M
Open High Low Value Volume
2.3¢ 2.4¢ 2.3¢ $9.072K 382.3K

Buyers (Bids)

No. Vol. Price($)
12 3695895 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 2119811 11
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
2.4¢
  Change
0.001 ( 2.17 %)
Open High Low Volume
2.4¢ 2.4¢ 2.3¢ 619630
Last updated 15.46pm 28/03/2024 ?
FBR (ASX) Chart
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