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thks
mike
it
appears to me that since the rumour of the recapitalisation, a number of holders
have
jumped
the ship! which i guess implies to me the share price would
suffer.
still,
from what people seem to be saying the current price is good
buying........
cheers mick
Mick wrote
"hi mikei'm a novice - so could you briefly
tell me what wouldhappen to the price
of FFS should it be
recapitalised.cheers"
The short answer to that is that I haven't a
clue; if I could successfully predict the short term price movements of shares
I would be a millionaire by now. In the event of a recapitalisation the
company would advise the market of the conditions, number and price of new
shares, placement or rights issue, impact on existing borrowings etc. The
analysts will then crunch the numbers and the big boys (the institutional
investors) will decide whether to buy or sell and the share price will move
accordingly.
As far as the rumour mill goes, I wouldn't
take much notice of it and I certainly would not be pinning any hopes of a
sale price over a dollar. IMHO a fair price for FFS is around 80 cents which
is why I took a punt at 62c today, however Tony could have the last laugh at
55c
Cheers
Mike H
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