HYPE is the perceived future value ....it shud have been highest when SP was $ 18 if Warren Buffet was looking at it ....but jumping on a fast momentum train is also advised by TA ...maybe here TA helps the most
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50day broke through the 200day last week. thats good.
too bad this is just a sucker rally and sp be below $20 soon
May be not that big sucker rally ...but $ 22 types possible if overall market sentiment tanks ...hype value contracts again ....I am not at all bullish on FPH at current levels ...
PS : But keep in mind FY results end May are market beating ...so again another so called " Sucker " rally to play
The rally in cryptocurrencies and FPH going great guns as well suggests speculation rather than true economic or profit fundamentals is back in vogue
W69 not happy FPH still very buoyant against his calculations ...while HGH / SUM /HLG / TRA / FBU / STU etc not loved inspite of having much better looking financials ...fails me too but ....comparing FPH with crypto is real winner ...lol
EBO is also a BIG sell at Morningstar with valuation of $ 32 only ....but will end up at $ 60 ...so there goes basing current valuations on currently available data ...ie maybe market knows something about FPH which we dont know yet !!! When it is revealed then maybe FPH may look fairly priced ...
No, however the trust I am a trustee does.
Yes I still make mistakes.The trick is waking up to them quickly.
Remember a GOOD company can have a POOR year, and a POOR company can have a GOOD year.
Telling the difference takes learning.
Anyone who follows the share market is ALWAYS learning.
Hey alokdhir does latest export data reveal much re FPH?
Or I’d doing any estimate of future prospects a waste of time because the market has reverted to let’s forget fundamentals and just come up with what looks right as a share price.
I’d have a guess if Gradon got asked again whether he’d buy a similar company on a PE of 60 odd he say what he said last time ‘no way’
Feb exports data is almost same as last year level ...only down 2% YOY for feb ...so nothing worth getting excited about
I will agree with u that market sentiment for FPH has now become overly bullish ....maybe function of previous overly negative tone
Only way to justify current levels is FPH is recession proof business and we are surely getting into recession if not already in....