AOG - AVEO Group

[nulla nulla]

Re: FKP - FKP Property Group

If i had money i would be buying this again at 0.38 ~ plenty of scope for profit at that price IMO

In fact i think ill transfer some of my Super dollars into my super's transaction account...ready for a re-entry.

Did you buy back in SC? How does the Trading Halt/Capital raising affect your perspective of FKP?

 

[So_Cynical]

Re: FKP - FKP Property Group

Did you buy back in SC? How does the Trading Halt/Capital raising affect your perspective of FKP?

No nulla... didn't have the money so dodged that bullet

My perspective...well at 20 CPS its a healthy discount to the average recent price of around 40 CPS, a 6 for 7 rights issue is a little over the top...i mean its a major recapitalisation really isn't it.

But they will wipe out alot of debt (200 million) and the extra money wont cost hardly anything, not like a note or loan would cost, debt will fall from 930 to 730 million....i could understand the frustration of others who have paid significantly more then i did.

I will participate in the entitlement offer, its not like ill miss 750 bucks.... probably an opportunity to pick up a parcel at around the issue price, these things often work out ok if your quick on the day.

http://www.fkp.com.au/media/pdfs/20120828_ASX_Announcement_Results_FINAL.pdf

 

[Kulio]

Re: FKP - FKP Property Group

Ouch big hit today and also now a new 52 week low. Just curious as to how many of you have lost money on this stock? Would be interesting to see any people admit their losers rather than talk about their winners all the time.

 

[herzy]

Re: FKP - FKP Property Group

Big hit today was a trading bot error. Can't do much against that! http://www.businessspectator.com.au...trades-pd20120830-XMSFW?OpenDocument&src=hp12

 

[skc]

Re: FKP - FKP Property Group

Big hit today was a trading bot error. Can't do much against that! http://www.businessspectator.com.au...trades-pd20120830-XMSFW?OpenDocument&src=hp12

What are they talking about? The low of the day was the open match so has nothing to do with high frequency trading!

The high volume is due to the fact today FKP went ex-entitlement on a jumbo sized capital raising.

And how on earth did ASIC "pick up more than a month ago" the funny trading in FKP today?!

It would be nice if the reporter can get some facts right, or at least make the non-facts a coherent story.

 

[herzy]

Re: FKP - FKP Property Group

What are they talking about? The low of the day was the open match so has nothing to do with high frequency trading!

The high volume is due to the fact today FKP went ex-div on a jumbo sized capital raising.

And how on earth did ASIC "pick up more than a month ago" the funny trading in FKP today?!

It would be nice if the reporter can get some facts right, or at least make the non-facts a coherent story.

Hahaha excellent points. I don't follow this stock and only skimmed the article. *backtracks wildly*

 

[nulla nulla]

Re: FKP - FKP Property Group

The danger to retail holders is the possible sell off by institutional holders of the parcels they picked up at $0.20.

 

[So_Cynical]

Re: FKP - FKP Property Group

Ouch big hit today and also now a new 52 week low. Just curious as to how many of you have lost money on this stock? Would be interesting to see any people admit their losers rather than talk about their winners all the time.

I'm down 23.63% with the shares im holding ($405.32) ~ but have previously taken a profit of 11.12% ($460.42) so overall im still slightly ahead. now im also going to get 700 odd dollars worth of new shares at 20c a share, shares that at the moment (28c per share) would be in profit by 40%

So yep no big deal, LCEAA works again.

What are they talking about? The low of the day was the open match so has nothing to do with high frequency trading!

The high volume is due to the fact today FKP went ex-entitlement on a jumbo sized capital raising.

Yep that's how i saw it....pretty much expected.

 

[nulla nulla]

Re: FKP - FKP Property Group

Todays activity is probably some profit taking from the shares issued at $0.20.



That and some investors averaging out and cutting their losses. Time will tell.

 

[PortfolioPlus]

Re: FKP - FKP Property Group

The best news here is that Peter Brown is departing and (hopefully) new management will give this some oomph!

Right now FKP is been controlled by the bot traders. I expect this to be the case into Christmas. Hopefully then it can get close to the 30c mark.

Porty

 

[nulla nulla]

Re: FKP - FKP Property Group

The best news here is that Peter Brown is departing and (hopefully) new management will give this some oomph!

Right now FKP is been controlled by the bot traders. I expect this to be the case into Christmas. Hopefully then it can get close to the 30c mark.

Porty

How many shares does he own/control? If he decides to unload them what effect will it have on the share price?

 

[So_Cynical]

Re: FKP - FKP Property Group

I just bought 25000 shares at 0.23 for my super fund...the market of course will do what ever it will but i just cant see it going much lower even though a few trades have gone thru at 0.225.

FKP trade #2 for my super fund, following my (LCEAA) Low Cost Entry And Averaging strategy.

 

[So_Cynical]

Re: FKP - FKP Property Group

I just bought 25000 shares at 0.23 for my super fund...the market of course will do what ever it will but i just cant see it going much lower even though a few trades have gone thru at 0.225.

FKP trade #2 for my super fund, following my (LCEAA) Low Cost Entry And Averaging strategy.

The SP seems to be holding at 0.225 - 0.23 with a big drop in volume today down to only 1.7m shares, the daily average over the preceding 5 days was about 8m with a range of 5.2m to 9.4m

Will be interesting to see where the SP goes from here, sideways and up is my guess.

 

[nulla nulla]

Re: FKP - FKP Property Group

The institutional and retail placement were apparantly completed on 27 September 2012. If there was going to be any Institutional profit taking on the issue price of $0.20 you'd think it has shown up by now.

Have you seen anywhere in the announcements as to what their distribution policy will be going forward?

 

[nulla nulla]

Re: FKP - FKP Property Group

Just when I thought it might be safe to take a small stake in FKP with a view to the longer term, it managed to drop another 10%.



Maybe later when some stability has returned to the sector, etc etc.

 

[prawn_86]

Re: FKP - FKP Property Group

I like these guys in theory, but i havent done much digging, and would definitely be wanting that trend to reverse first

 

[Julia]

Re: FKP - FKP Property Group

would definitely be wanting that trend to reverse first

+100.

 

[So_Cynical]

Re: FKP - FKP Property Group

Just when I thought it might be safe to take a small stake in FKP with a view to the longer term, it managed to drop another 10%.

View attachment 49687

Maybe later when some stability has returned to the sector, etc etc.

It is a screaming buy now, a total no brainer, one comes along every month of so and for me this is the simplest one at the moment....an absolute lock with dividend 2 months away.

Of course i have no money.

 

[skc]

Re: FKP - FKP Property Group

It is a screaming buy now, a total no brainer, one comes along every month of so and for me this is the simplest one at the moment....an absolute lock with dividend 2 months away.

Of course i have no money.

How much dividend are they going to pay? Having almost doubled their number of issued shares, they can at best give out ~1.4c per share for the year. This equates to 7.5% yield which is not too different to something like ALZ, CFX, CQR which don't have the debt problem.

Having said that FKP is planning to demerge (for some time now) their retirement assets and seems to be forever a takeover target.

Risks vs rewards....

 

[prawn_86]

Re: FKP - FKP Property Group

Under 20c certainly is tempting, even if just for a bit of a bounce to the 22c region