SPP Allocation Allotted Continue Sell Down

Brad Holland

Brad has over 20 years experience in the Australian and US equities and options markets. Brad specialises in equities and options for capital growth, income generation and capital protection. He also specialises in finding opportunities in small to medium cap stocks. Brad holds RG146 - Securities & Managed Investments and Accredited Derivatives Adviser Level 2 qualifications.

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November 29, 2021

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FFX.AX | High Conviction Report

On Friday, 25,862 new FFX shares were allotted as part of the Share Purchase Plan (SPP) at $0.58.

After a sharp fall in the FFX share price this morning, as the market reacted to news of the Corina Virus Omicron variant, the market has recovered, and so has the FFX share price.

We will use the recovery in the FFX share price as an opportunity to sell down the shares issued under the SPP.

Trade Action

Sell 10,862 FFX shares at $0.65 or better

Following the sale, the High Conviction report will remain to holding 15,000 FFX shares. Taking into account all transactions, these shares will have a Breakeven Level of $0.456.

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.