...Cohen still owns 37m shares...he's probably lost a lot more...

First 34 Last

Share
Profile

Follow
Ryphil

4,382 Posts.

29

03/11/17

15:38

Post #: 28481364
Share

Originally posted by insomniac ↑

Days like today test your skills or at least show up your lack of them. Some posters though there would be a bounce but I don't think so.... it certainly doesn't look likely right now.

Its dropped to 48-50c and flatlined. ..though it has just dropped a bit further to 45c. To be honest I'm not sure what to do with this one. Based on eps for Fy18 being much the same as FY17. I reckon a valuation of 50-55c holds, purely based on a pe of about 8 for this stock, which given the disgraceful behaviour of the directors is about right. So the question is whether to hold on for the longer term or cop it on the chin and sell. Selling now feels like a panic decision, but give a valuation of 50-55c, why hold on with the bunch of schmucks (Cohen and his Cohorts) that make up the board and executive of this beast, maybe then the rational decision is to sell...that is selling now is not a panic decision. Fortunately I don't have sheep station on this one...but I feel for those that do. You have been absolutely fleeced.

I have to say more and more of my money goes into global stocks, because of the shenanigans (such as this) that go on, on a far too frequent basis, on the ASX.

Expand

...Cohen still owns 37m shares...he's probably lost a lot more than most today as a result of an announcement he and the board decided to make...that doesn't seem to quite square with fleecing someone...there's a lot on here that does not...just saying
looks to me like shorting action and once that stops it'll go for a big run up again imo...follow the money

FIG Price at posting: 46.5¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 23 more messages in this thread...

First 34 Last

Add FIG (ASX) to my watchlist

...Cohen still owns 37m shares...he's probably lost a lot more...

Top Stories

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up