Wow, FWD is one I've traded in the past and have been tempted to get back in lately. Have bought NWH instead which I think is better value but not helping me much at the moment.
This downgrade is a complete shocker though. It looks like full year profit will come in around $10m placing it on a PER of 45 at today's closing price.
I always look to NTA with mining services as a guide of where they start of offer value. With FWD that is $2.54 so still a long way to go yet before I'd be tempted again. Not saying it will go down to there (I'd hope not for holders) but this is a pretty big downgrade so won't be good tomorrow unfortunately.
Ann: Trading Update , page-2
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 (20min delay)
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Last
$1.98 |
Change
-0.025(1.25%) |
Mkt cap ! $170.3M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.03 | $1.96 | $343.9K | 173.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 13463 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FWD (ASX) Chart |
