Interesting Fugro opportunity.
1. Trendlines
2. Financials
3. Advises
4. Taking Positions
1. Trendlines
Bottom trendlines upwards (5Year), and top trendline downwards (10 Year) are crossing each other this week.
- The next 1-2 weeks is going to be an important in which direction the share will develop.
- Last 4 - 5 years minor trend line is trending up. Indicating most likely an upward trend following the latest trend and signals.
- The strong down trend line range from 10+ years breach needs to be confirmed.
This was tested the last week and the result looks promissing for an upward trend.
This test is the 3th time in the last year, and it's still holding exactly at the time it's crossing the lines.
Uptrend movements
Following past trendlines the potential for the coming 2-3 months can be 'quickly' reached at a stock price of 25,50 for new trend up tests. The potential here is around 20% depending on the moment you step in.
If this share is going up, probably you'll be to late. The trends up have shown big investors know where to step in at important moments. Take position with a good stop-loss.
2. Financials
- The last 5 year revenue and earning have shown an interesting upwards trend. Not placing al the numbers here. But it's going from a negative to positive an a straight and strong line each year.
- After a period where Fugro had to take it's time to make the business capable for a healthy future, 2024 was the fist year (after 5) to provide shareholders with Dividend (1,91%).
- Dept has been decreased with 50% the last 5 years and remains steady.
- Free Cash flow and equivelents is showing an healthy trend up.
3. Advises
- 7 analyst giving a strong buy advise with an avarage price target of 31,28 in 1 year. There are not any other advises then strong buy.
-The forecast for the coming 5 years is almost a double in revenue and earnings per share.
- The previous high at 25,50 (about 20%) can be reached in a couple of months and will be tested.
4. Taking Position
I have taken position at 20,04, but with a share price of 20,94 it's still worth the risk.
If you are in doubt place a stop - loss. There is great potential in this stock
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What's in my mind in general what is Fugro about.
- Deepsea mining investigations is good for Fugro.
This is an hot toppic in the world. If US and Europe, Etc wants to be "less depending" on china's mining operations i.e. on Cobalt. there needs to happening something. And this is happening now..
- Fugro had broughtened it's market with Windmills and onshore activities. Making the risk for depending on orders in a specific marked lower.