FCL 3.99% $1.81 fineos corporation holdings plc


  1. 4,263 Posts.
    lightbulb Created with Sketch. 11
    couldn't help but over hear the mobile conversation
    received by a leggy blonde business executive coming home from the footy late one friday night
    it went something like this:
    ah what?
    no it hasn't got to that stage yet!!!!!!
    elders is going to buy it ?????????????????????????????
    blah blah blah blah (girl talk)
    interesting when you think of the recent afr press
    article on incitec(last wednesday) allegedly making scrip offer to pivot shareholders most of whom are farmers with no market to sell stock into and exit positon for being loyal customers
    more interesting when you consider who owns incitec
    orica has supposedly some 76% of incitec, and futuris has about 21% of incitec and 2.5% plus of orica ( as fcl have been a buyer last year from $4.50 in the stock)
    given the current drought conditions farmers are suffering maybe a cash offer is as good a time as any
    to buy a fertilizer competitor out of the market
    fcl owns reportedly 40% aac,100%air international 100% elders
    elders colours are red & white
    so too are pivots
    whats more, the share registries keeeping track of both types of holdings fcl scrip and pivot farmers shares are both managed by 'COMPUTERSHARE'
    it all makes sense!!!
    but only time will tell
    one things for sure whatever happens in terms of rationalisation in the fertilizer industry(and who knows when that will be?) fcl will be involved
    a play for pivot by elders could be just the start that young Les needs in his new ceo role @ fcl
    fcl is reportedly cashed up and a move from corporate to ceo role by Les might see him looking to get some early runs on the board
    nothing does more for ones own credibility than a succesful corporate play
    but even if a pivot play was pulled off (provided ACCC ok of course) then it's likely to albeit revenue nutral for fcl anyway
    high = 2.60 low = 1.05
    nta = 80 cents yielding about 5% plus
    dividend = 8 cents approximately
    i'd be interested to hear of others opinions as to if this stock should be re rated
    the instos should have facted in how fcl report their earnings by now

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Mkt cap ! $576.4M
Open High Low Value Volume
$1.90 $1.90 $1.79 $177.2K 97.77K

Buyers (Bids)

No. Vol. Price($)
3 13128 $1.81

Sellers (Offers)

Price($) Vol. No.
$1.82 4014 2
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Last trade - 16.10pm 15/08/2022 (20 minute delay) ?
-0.075 ( 0.55 %)
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$1.86 $1.86 $1.79 16609
Last updated 15.59pm 15/08/2022 (live) ?
FCL (ASX) Chart
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