FWD - Fleetwood Limited
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Re: FWD
This is by no means a recomendation etc.....
Looking at the intraday graph, the low $6.80's price was rejected by the market. Are you sure it is not near the bottom of its fall? An 8.2% 100% franked yield should give it a bottom sometime soon. It's not like clf with dodgy (? by the sounds of other comments) management or a realestate company subject to massive drops in land value.
Of course the chart looks appalling but there are a lot of XSO companies who have been hammered recently - perhaps unjustifiably.
I might look at buying some myself - if I see further evidence that $6.8 is rejected by the market.
If you want to sell, just stick in your sell order for $6.50 and you will get whatever it opens at tomorrow (assuming you aren't trying to offload $100k worth)
This is by no means a recomendation etc.....
Looking at the intraday graph, the low $6.80's price was rejected by the market. Are you sure it is not near the bottom of its fall? An 8.2% 100% franked yield should give it a bottom sometime soon. It's not like clf with dodgy (? by the sounds of other comments) management or a realestate company subject to massive drops in land value.
Of course the chart looks appalling but there are a lot of XSO companies who have been hammered recently - perhaps unjustifiably.
I might look at buying some myself - if I see further evidence that $6.8 is rejected by the market.
If you want to sell, just stick in your sell order for $6.50 and you will get whatever it opens at tomorrow (assuming you aren't trying to offload $100k worth)
Re: FWD
yea the whole intraday $6.80 happened yesterday as well (but at $7.10 or somthing) so I'm not so sure.
In terms of yield yea it's great but I guess the concern is that it is coming mainly from the special dividends (otherwise yield is around 3%).
I thought this stock was a real goer but it's really starting to let me down and I've already held on way longer than I should have.
Shrug
yea the whole intraday $6.80 happened yesterday as well (but at $7.10 or somthing) so I'm not so sure.
In terms of yield yea it's great but I guess the concern is that it is coming mainly from the special dividends (otherwise yield is around 3%).
I thought this stock was a real goer but it's really starting to let me down and I've already held on way longer than I should have.
Shrug
RichKid
PlanYourTrade > TradeYourPlan
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Re: FWD
Just my view but it looks like the end of the trend. Complex head and shoulders or multi top, eitherway it's a top reversal. Broken through all support lines that I can see. Might be a pullback to exit on but with the current market sentiment I doubt it. Depth suggest it'll gap down again. Falling on high volume too.
I thought the fundamentals of this co were good but saw it too late so didn't enter. Price can always get ahead of itself and when it falls the momentum can push it beyond a 'fair' value too. Maybe it'll settle soon and range. Shame to see that nice long trend end.
Just my view but it looks like the end of the trend. Complex head and shoulders or multi top, eitherway it's a top reversal. Broken through all support lines that I can see. Might be a pullback to exit on but with the current market sentiment I doubt it. Depth suggest it'll gap down again. Falling on high volume too.
I thought the fundamentals of this co were good but saw it too late so didn't enter. Price can always get ahead of itself and when it falls the momentum can push it beyond a 'fair' value too. Maybe it'll settle soon and range. Shame to see that nice long trend end.
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Re: FWD
The fundamentals of this co were the reason for year in year out rises in the share price over the last few years, and these don't seem to have changed a great deal so it definitly is a bit of ?? over the sudden dramatic fall. I actually purchased some above $8 last week after I thought the general market would rise. The general market did and FWD went the other way - in hindsight as soon as this happened I thought something was up, and should have done something about it, but I held for another day or two until I decided on a discretionary sell at $7.58 - purely technical. phew
looking at the chart I think its a bit of a worry that volume has been rising as the price has moved south. Around 6.80 there seems to be some support (bounced off this about a year ago) but apart from that there's not a lot.
????
TJ
The fundamentals of this co were the reason for year in year out rises in the share price over the last few years, and these don't seem to have changed a great deal so it definitly is a bit of ?? over the sudden dramatic fall. I actually purchased some above $8 last week after I thought the general market would rise. The general market did and FWD went the other way - in hindsight as soon as this happened I thought something was up, and should have done something about it, but I held for another day or two until I decided on a discretionary sell at $7.58 - purely technical. phew
looking at the chart I think its a bit of a worry that volume has been rising as the price has moved south. Around 6.80 there seems to be some support (bounced off this about a year ago) but apart from that there's not a lot.
????
TJ
GreatPig
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Re: FWD
I bought some back in late Dec '04 for $8.33 when the price was around my base trend line. It subsequently oscillated sideways through the trend line, and I sold them again at the end of March for $8.14.
This decision was based purely on the chart. While the price wasn't really falling much then, I decided the chart wasn't showing any signs of another uptrend so I'd be better off putting the money elsewhere.
Perhaps lucky timing in this case, but I would have sold anyway when the price dropped below $8.
Cheers,
GP
I bought some back in late Dec '04 for $8.33 when the price was around my base trend line. It subsequently oscillated sideways through the trend line, and I sold them again at the end of March for $8.14.
This decision was based purely on the chart. While the price wasn't really falling much then, I decided the chart wasn't showing any signs of another uptrend so I'd be better off putting the money elsewhere.
Perhaps lucky timing in this case, but I would have sold anyway when the price dropped below $8.
Cheers,
GP
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Re: FWD
Holy gamboodas....
Down 10% today, currently at $6.... a fall of about 28% in the last week!! There has been no news provided by the company, ASX queried yesterday as to price movements and asked if the company was complying with its continous disclosure requirements..... FWD responded vaguely that it had nothing to report and there was no revisions to previously provided forecasts - yet. Obviously some shareholders think otherwise
I really considering buying into the pain - need to look at reports more closely, but I'm reluctant to move until whatever is going on surfaces
From chart i think next possible support is $5.50, thats if it does not bounce off $6
TJ
Holy gamboodas....
Down 10% today, currently at $6.... a fall of about 28% in the last week!! There has been no news provided by the company, ASX queried yesterday as to price movements and asked if the company was complying with its continous disclosure requirements..... FWD responded vaguely that it had nothing to report and there was no revisions to previously provided forecasts - yet. Obviously some shareholders think otherwise
I really considering buying into the pain - need to look at reports more closely, but I'm reluctant to move until whatever is going on surfaces
From chart i think next possible support is $5.50, thats if it does not bounce off $6
TJ
Re: FWD
Seems to have stabalized around $6 mark but how long it will last I don't know. The stock seems to move in leaps and bounds I Had to keep revising my sell order becuase it kept moving so fast.
Im finally out of this stock and boy did it cost me.
I may look at re-entering at around $4.50 if it falls that low (I think it may) depending on any anouncments that come out.
I really thought this was a good company with good managment and can't understand it's freefall, maybee people are just cutting there loses??????
Seems to have stabalized around $6 mark but how long it will last I don't know. The stock seems to move in leaps and bounds I Had to keep revising my sell order becuase it kept moving so fast.
Im finally out of this stock and boy did it cost me.
I may look at re-entering at around $4.50 if it falls that low (I think it may) depending on any anouncments that come out.
I really thought this was a good company with good managment and can't understand it's freefall, maybee people are just cutting there loses??????
Re: FWD
I do not hold. I am only guessing that the price fall, is because its sales are for products that involve very discretionary spending and has either fallen or will fall.
A profit downgrade could soon occur (but I am only guessing). Take a look at the company's reply to the ASX lodged yesterday.
I do not like that kind of reply.
I do not hold. I am only guessing that the price fall, is because its sales are for products that involve very discretionary spending and has either fallen or will fall.
A profit downgrade could soon occur (but I am only guessing). Take a look at the company's reply to the ASX lodged yesterday.
I do not like that kind of reply.
Re: FWD
Slowing heading back up....for now
Quote form the West Australian
" Rumor of the day
Amid a booming mining sector Perth-based donga specialist, Fleetwood, has seen its share price slide almost 20% in the past three weeks. The fall prompted the stock exchange to ask questions. the company reckons it is finalising its march quarter results but the market talk is rocketing costs will force the company to downgrade its profit forecast. Fleetwood fell 50c to $6.70"
Slowing heading back up....for now
Quote form the West Australian
" Rumor of the day
Amid a booming mining sector Perth-based donga specialist, Fleetwood, has seen its share price slide almost 20% in the past three weeks. The fall prompted the stock exchange to ask questions. the company reckons it is finalising its march quarter results but the market talk is rocketing costs will force the company to downgrade its profit forecast. Fleetwood fell 50c to $6.70"
Re: FWD
The afr had an article today saying that it is because of rumoured profit downgrade.
I don't see any reason for this rumour and sp reaction. If anything, sales in WA should be booming because of all the construction huts they supply to the mining industry.
However, the market is almost always right, and the saying goes that you should never try to catch a falling knife.
The afr had an article today saying that it is because of rumoured profit downgrade.
I don't see any reason for this rumour and sp reaction. If anything, sales in WA should be booming because of all the construction huts they supply to the mining industry.
However, the market is almost always right, and the saying goes that you should never try to catch a falling knife.
FWD..fleetwood i know nothing just watchlist it for a while
fwd ...has been falling to way off highs...and one of my brokers is happy to hold it for yield. investmnet.cheers...isold out of CLF it was bad investmnet the only loss for the year! very large loss thou ..did not sell early as i usually sell ..the company kept saying profit on track??? sorry if others followed.
fwd ...has been falling to way off highs...and one of my brokers is happy to hold it for yield. investmnet.cheers...isold out of CLF it was bad investmnet the only loss for the year! very large loss thou ..did not sell early as i usually sell ..the company kept saying profit on track??? sorry if others followed.
Julia
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Re: FWD..fleetwood i know nothing just watchlist it for a while
Likewise. My broker recommended FWD about a month ago and it has dropped sharply ever since. I have some concerns about the influence of rising petrol costs in the caravan market. Am advised to hold for the upside and yield. Any other comments?
Julia
Likewise. My broker recommended FWD about a month ago and it has dropped sharply ever since. I have some concerns about the influence of rising petrol costs in the caravan market. Am advised to hold for the upside and yield. Any other comments?
Julia
GreatPig
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Re: FWD..fleetwood i know nothing just watchlist it for a while
Julia,
Lesson #1: do your own research and don't blindly follow the advice of others - whether they're licenced to give advice or not.
Here's a chart of Fleetwood. I can't offer you any advice, but if it were me, I'd be ignoring the past (since it's not changeable) and looking to the future. The chart shows prices in a bit of a rally right now, so I'd be waiting to see what happens before deciding what to do.
To me, a strong drop below about $5.70 would be a worry, otherwise I'd probably hold.
This is just general comment based on my own situation and trading method, and should not be construed as any type of advice for your situation.
Cheers,
GP
Julia,
Lesson #1: do your own research and don't blindly follow the advice of others - whether they're licenced to give advice or not.
Here's a chart of Fleetwood. I can't offer you any advice, but if it were me, I'd be ignoring the past (since it's not changeable) and looking to the future. The chart shows prices in a bit of a rally right now, so I'd be waiting to see what happens before deciding what to do.
To me, a strong drop below about $5.70 would be a worry, otherwise I'd probably hold.
This is just general comment based on my own situation and trading method, and should not be construed as any type of advice for your situation.
Cheers,
GP
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Julia
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Re: FWD..fleetwood i know nothing just watchlist it for a while
Hi GP
Thanks. Appreciate your comments and thanks for the chart.
Julia
Hi GP
Thanks. Appreciate your comments and thanks for the chart.
Julia
GreatPig
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Another chart of FWD, as Julia requested in another thread.
Not the sort of stock I'd be holding right now from a capital growth point of view, but I don't know what their dividends are like.
And I don't know that any sort of trailing stop would have kept you in the stock from the drop in May last year till now (or even till Dec 05), as it's been oscillating sideways with relatively large drops on the down-sides of the oscillations.
Cheers,
GP
Not the sort of stock I'd be holding right now from a capital growth point of view, but I don't know what their dividends are like.
And I don't know that any sort of trailing stop would have kept you in the stock from the drop in May last year till now (or even till Dec 05), as it's been oscillating sideways with relatively large drops on the down-sides of the oscillations.
Cheers,
GP
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