Anyone want to pick the share price close of business on the 21st?
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Anyone want to pick the share price close of business on the 21st?
Do you mean the 12th Feb ? If so I'll speculate it'll only fall by about 10%...should be a LOT more though.
No one has mentioned how well the FBU share price is holding up?
:p
I heard from someone at SKC that the higher ups were worried about FBU's ability to deliver on the contract but were given endless reassurances it would be met. Apparently it was/is a common practice to under bid to win the bid then look to renegotiate terms and penalties later relying on the pally pally approach.
Not much of a yield on the listed Fletcher Notes - about 4.30%
Safe as houses
I reckon lower. It was around 670 after the second downgrade. Logically it would fall below that. This time there are uncertainties as to, say, fire sales and/or capital raisings to mollify the bankers. To top all the self-inflicted problems facing FBU there is now weak general market sentiment.
So, somewhere in the 500s, ..... I'll go for 559. But I wouldn't touch them at 459.