re: Ann: Becoming a substantial holder in FMS... anything could happen,jv, private buyout,t/o a cap raising
would seem unlikely i/o margins might come under more pressure,unlikely the world will stop depending on the chinese.
am in today,lets hope we dont hit sub 10c price steps,i noted turnover was pretty low and closing trade brought vwap up to a smidgen over 10.5.
the bid and ask are tightly held,the toss of a coin might determine direction but it would appear for the moment a slow move up could be a probability as opposed to a possibility.
it is possible there is more than one interested party which would go a long way to explaining the current position.
with two exchanges things might actually improve,i still remain sceptical about the short term,and have exited a number of trades recently with small comparative profit;they continued to run hard on relatively low volume and that always spooks me.
i am sure of one thing there is more bad news coming on the world scene--hopefully it will not impact fms--for the present Aussie exposure only for me ,no o/s interests.
anyway i am definitely not a buy and hold type,but i am in and should it be months so be it
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