The latest announcement says that the Sydney offices have relocated. I believe these are larger premises around the corner in Bridge st, this must be to fit in all those new people from the companies that have been aquired. I see some cost saving synergies here! Hope everyone has noticed the share price has remained strong over the last couple of week while the rest of the banking and finance stock have been smashed. While the share price has bounced around a bit(usually do to the lack of liquidity in the stock) another couple of buyers come to support the stock and chase it higher. With the bumper housing boom of the last six months we should see so decent half yearly results out soon. If we see some good numbers then there will be others like me who will hold onto the stock rather than sell. I hear January home sales were quieter than December, but this normally occurs around xmas. The estate agents say while the first home owners have gone, the investors have come back into the market chasing the solid rent returns. The RBA will probably increase rates again and the banks will be the bad guys again, this might not be all bad for non-bank lenders such a FFF. I think we might see 7 cents before March - lets hope.
Disclaimer My posts are for amusement only.
FFF Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
