FIG 0.00% 2.0¢ freedom insurance group ltd

Loss of trust reflected in the share price, page-106

  1. 106 Posts.
    lightbulb Created with Sketch. 11
    A 6m line just crossed traded just a short time ago. Either an insider or remaining fundie selling out.

    Let's see if there's a substantial holder coming out in next few days, and how many more shares still out there that can be dumped.

    Best possible price to buy out a business and gobble up market share is at zero cost when it goes belly up. FIG is making a profit and there is decent net cash balance so this is unlikely in the foreseeable term.

    However with 30/60-day moving average descending with increased volume, this is flying straight into takeover radar, whether you look the in-force premium or trail commission or both.

    If this is indeed a sell by insider, clearing the decks so sentiment can then be turn around isn't a bad thing.

    Gonna get interesting from here ...
    Last edited by tessastanle: 07/03/18
 
watchlist Created with Sketch. Add FIG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.