...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!)
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Last
$1.48 |
Change
0.135(10.0%) |
Mkt cap ! $472.6M |
Open | High | Low | Value | Volume |
$1.35 | $1.48 | $1.33 | $798.7K | 576.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4610 | $1.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.50 | 2896 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4610 | 1.460 |
2 | 28620 | 1.440 |
1 | 5000 | 1.360 |
1 | 2600 | 1.320 |
1 | 2000 | 1.305 |
Price($) | Vol. | No. |
---|---|---|
1.495 | 2896 | 1 |
1.500 | 34399 | 2 |
1.505 | 678 | 1 |
1.550 | 1906 | 1 |
1.560 | 2533 | 1 |
Last trade - 16.10pm 30/06/2022 (20 minute delay) ? |
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Last
$1.46 |
  |
Change
0.135 ( 12.3 %) |
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Open | High | Low | Volume | ||
$1.37 | $1.47 | $1.35 | 154552 | ||
Last updated 15.59pm 30/06/2022 (live) ? |
FCL (ASX) Chart |