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FCL

FUTURIS CORPORATION LIMITED
Currently unlisted public company

(20 min delayed)

0.0¢ 0.00%

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Elders returns to the ASX Listings

29/04/09 09:48

N
AAC: Results of EGM

27/04/09 15:34

N
Response to ASX Price Query

07/04/09 09:32

Y
New Chief Financial Officer appointed

07/04/09 09:29

N
UBS - Emerging Companies Conference

01/04/09 10:04

N

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FCL 0.0¢

Fund Managers prescribe remedy for patient...

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AlphaCenturian
10,543 posts.
Date:
18/07/02
Time:
10:08:03
Post #:
38101
Start of thread
...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!)
- You are ignoring posts from AlphaCenturian
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FCL (ASX)
Price at posting: 0.0¢
Sentiment: None
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