First Resources    Last:2.73    +0.03

First Resources

Volume is unusually low and quiet  for 1st half tradg day

Indicators bottomish and slowly cutting up....

May sprung a suprise for 1.38 and beyond when
the buy signal is flashed.



 

 

Daily shorts hv dwindled drastically based on last Fri rpt.

Vol is low this mrng ....pbbly selling subsiding

CPO is still abv $4200....& dividend coming soon ($0.037) 

Opined rally is imminent.

Cheers 
 

 

Boleh definitely...

 

As  of yesterday, FR hv done the SBB for ard
5.7mil shares for the mth of Mar in the midst
of selling 

These shares unlikely fm the retails .....perhaps
fm some custodian accts.

They need to buy bk to replenish the shortfall and
enjoy the dividend payout.

Opined a strong rally is in the pipeline
Better revenue/profit/dividend for FY24
in tandem of rising CPO

Just my opinions only  and sharing along.

DYODD

 

Tidal waves b4 the big splash surge 

msksmsks      ( Date: 26-Mar-2024 11:22) Posted: Opined that the selling culd be at the  tail end or ending soon...' BB wl start buying bk  XD May 8 ($0.037) Payment May 16 With Co doing SBB and rising CPO .... all bodes well for FR.... All the artificial depression is temporary... FR wl reverse strongly upwards after this flush Numbers (CPO) don lie..... the trend is yr friend

 

Co bght 150000 shares @1.34 today

 

 

Engine warning up

Waiting for take off

 

Opined that the selling culd be at the 
tail end or ending soon...'

BB wl start buying bk 

XD May 8 ($0.037) Payment May 16

With Co doing SBB and rising CPO .... all bodes
well for FR....

All the artificial depression is temporary... FR
wl reverse strongly upwards after this flush

Numbers (CPO) don lie..... the trend is yr friend

 

Thanks . Will average again if price dip below 1.30 .

 

https://tradingeconomics.com/commodity/palm-oil

Try  abv link.

Last year Q1, CPO below $3700 but this year Q1
CPO shot abv $4000 and now $4274  as of writing

So wuld expect FR result to be better compared last year

The trend is yr friend.  Ride on it

eddyeddy      ( Date: 26-Mar-2024 09:41) Posted: Where can we track the most updated CPO price , thanks.

 

can try using IG as a guide, but not sure valid for FR. 
Palm Oil Price & Live Charts | Crude Palm Oil Trading | IG International

eddyeddy      ( Date: 26-Mar-2024 09:41) Posted: Where can we track the most updated CPO price , thanks.

 

Where can we track the most updated CPO price , thanks.

 

Co do SBB yesterday
200 lots @1.34

Good ..

 

Added some @1.34 . No risk no gain la.

 

Yes, and they have cash of S$163m so net debt of S$74m. Meanwhile their mkt cap is S$2.2bn, so their net debt as % of mkt cap is 3%.

So, " effectively no net debt" as I said. Meanwhile, " borrowing too high is a real risk" as you said, is clearly wrong with respect to this company. 

 

Total loans and borrowing , under note 17 , is USD 237m . in latest B/S . check it out!

msksmsks      ( Date: 24-Mar-2024 12:45) Posted: Precisely... FR is  cash rich and zero debt. Last Fri , Co also do a SBB [email protected]/35 in addition to  it' s last purchases of 5376200 shares @ avg 1.35 in early mar to till date  FR is a fundamentally strong Co and the artificial depression is only temporary. It wl reverse strongly  once the flush is over As mentioned , CPO is rising and agurs well for FR and it' s peers. Shld see an uptick improvement vis-a-vis comparison for the forthcomng result for 1Q24

 

Sori sori , mistaken with another company . Had FR ever issued many notes , bonds before ?

 

Precisely...

FR is  cash rich and zero debt.

Last Fri , Co also do a SBB [email protected]/35 in addition to 
it' s last purchases of 5376200 shares @ avg 1.35 in early mar to till date 

FR is a fundamentally strong Co and the artificial depression
is only temporary.

It wl reverse strongly  once the flush is over

As mentioned , CPO is rising and agurs well for FR and it' s peers.

Shld see an uptick improvement vis-a-vis comparison for the forthcomng
result for 1Q24

 

I think you are commenting on the wrong company. First Resources has effectively no net debt.

 

Borrowing too high is a real risk.