...cut its head off.
Absolutely typical...In my view this is why so few fund managers are actually any good.
The AFR quotes a leading fund manager as saying Alan Newman should depart FCL after the companies recent performance.
In my mind this demonstartes the complete lack of understand such a person has for the risks that are known to exist in the venture that Newman runs.
It has exposure to significant impact from climatic conditions - insurance, rural supplies, cattle and fertiliser.
Newman is one of the leading managers in Australai in my opinion - yes, age and cunning DO have a place in management - its the funds sold his stock down - if they want to trade short term then expect the swings and roundabouts.
Despite my words of warning in recent posts don't get me wrong...this is a quality company in my view. All that remains is to pick the entry point and have patience...but it is a quality company WITH Alan Newman running it - take him away and all bets are OFF.
(All imo of course!)
- Forums
- ASX - By Stock
- FCL
- Fund Managers prescribe remedy for patient...
Fund Managers prescribe remedy for patient...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FCL (ASX) to my watchlist
|
|||||
Last
$1.81 |
Change
-0.075(3.99%) |
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. |
---|---|---|
$1.82 | 4014 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13128 | 1.805 |
3 | 11104 | 1.800 |
1 | 622 | 1.795 |
1 | 4814 | 1.790 |
1 | 5500 | 1.780 |
Price($) | Vol. | No. |
---|---|---|
1.815 | 4014 | 2 |
1.820 | 661 | 1 |
1.825 | 623 | 1 |
1.880 | 413 | 1 |
1.915 | 513 | 1 |
Last trade - 16.10pm 15/08/2022 (20 minute delay) ? |
|
|||||
Last
$1.82 |
  |
Change
-0.075 ( 0.55 %) |
|||
Open | High | Low | Volume | ||
$1.86 | $1.86 | $1.79 | 16609 | ||
Last updated 15.59pm 15/08/2022 (live) ? |
FCL (ASX) Chart |