Fairfax shares fall to another low
Shares in Fairfax Media today hit an all time low with the company share price falling to 52.5c, giving the company a market capitalisation of $1.23bn.
Fairfax shares have fallen from 60c at the beginning of this month; 70c three months ago; 80c six months ago; 90c a year ago; $1.50 two years ago; $5 five years ago and $6 in 2000.
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This isn’t really a story – look at the volumes. if you want to know how a share price is really performing, look at prices when significant volumes are being moved.
FXJ hasn’t been moved around in significant volumes since May 16 when it was at 65c
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Logic has a point. There’s no trade. But that might well be because no one wants to own if except those who think there’s a liquidation game.
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