FCL futuris corporation limited

FCL - acouch

  1. 10,543 Posts.
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    Hi acouch,

    I'm interested in your opinion here if I could trouble you for some time ?

    This one doesn't suit my systems and I'm wary of the new low made recently.

    Fundamentaly the stock seems OK other than its exposure to AAC (which should still be a plus in that it has managed to cash out some of the value by selling a fair chunk to the punters that took up the float) and Elders Pastoral which looks to be facing a drought - possibly a servere drought which would be the first one of that type Australia wide for over a decade.

    In that regard I suspect that is also what is impacting on the WES price so much......well, that and the PE...

    My question is - where to from here do you think ?

    Cheers,
 
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