Hey mate, agreed, I can see this running hard though $1 would see it capped at $75m / EV of c $70m - which is a higher than my price target. While I believe FFF has a bright future and has some parallels with WOA, WOA has much more upside than FFF at this point in time IMO.
I’m expecting a stag on day 1, followed by a few days/weeks of sideways trading/consolidation and then a kick on when the next Ann is out. A good broker ensures there are a few hollow logs so the issuer beats forecasts and the market is surprised to the upside. That’s how the game works for those who play it well. But I’ve never dealt with BBW Equities so I don’t know how they operate.
But as you say there is a lot of interest in this space at the moment and not a lot of free float here so it could run hard.
Ps thanks again for letting me know the offer was still open via their website (as I thought I’d missed the boat through PM). I haven’t been allocated yet but at least I got my App in so I’m in the mix.
