FEA 0.00% 4.5¢ forest enterprises australia limited

If you go down to the woods today..

  1. 10,543 Posts.
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    I suspect you might get quite a surprise in the very near future.

    FEA has not had buyer depth like this in the last couple of years yet the response has been the sell side thinning.

    Also both GTP and TIM have held there ground (GTP sitting slap on a 61.8% retracement of its recent run) despite (in the case of GTP) no great buyer depth but pleanty of support at 57c but the sellers don't seem to want to come down.

    Not surprising really when at this price and based on last years undistributed profit GTP is showing a yield of over 10%.

    As I posted this morning, interesting to see the cooperation between TIM and the unlisted ITC which has taken control of the failed Australian Plantations also.

    Keep an eye here, there is something happening.

 
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