Hi harip,my only view atm is technical, that is - 20c is very...

Hi harip,

my only view atm is technical, that is - 20c is very important and there seems to be a constant buyer hanging around even taking into account last weeks slump.

At that price its trading a shade below nta.

Results were nothing to set the world alight but then again they were Christmas compared to the previous set.

I still don't have a clear picture on why FCL / ITF would want to keep this operation running as a freestanding listing when they have the main company and are clearly moving on FEA also (they mut have been feeling pretty stoked with the 48c they paid last month for 19.9% when the shares visited 36c today!!)

I'm told the administrator is either at or getting near an end of his stock but he has devistated the s/p in the meantime happily taking out any decent bid via Sanford. Been interesting watching the WA brokers puddling around in here. Would have liked to see a decent crossing mark the end of his line.