Hello friend, I'll outline the reasons I bought into FDV - they will likely make little sense to anyone else but these are the legit reasons I'm in:
1. The ticker code is my wife's initials. This is the only reason I looked at the stock - this will likely sound stupid to most others on the forum but I've had exceptional luck by backing stocks that I simply have a gut feel about, names that resonate with me, ticker codes that are meaningful.
2. When I researched the stock, I found it was exposed to tech - but importantly was exposed to fairly large markets with strong growth potential i.e. mostly in developing nations. The upside for tech in those nations in monstrous and I love a large total addressable market (TAM).
3. When I looked at the FDV price chart, she had been hammered during COVID (like all other stocks) but had not rebounded as strongly as most other tech stocks. I couldn't see a reason why she was lagging the rest of the market and I took the view that she had to play catch up at some time - I guess you could say I felt she was undervalued compared to peers.
4. I looked at the numbers, revenues, growth etc. and overall I liked it. FDV is a bit different to most tech stocks - it's almost a Venture Capital or LIC play with a bunch of investments in the space that I like (Tech with large TAM) so it made sense for me to be in it.
5. Several other HC members whom I respect and take notice of are here. It's not the reason I entered, but it gave me confidence to dig in a little deeper and that I had found a good play.
Good luck to you, I think now is a great time to buy FDV even though she has run 20%-30% it's only just begun.
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News: FDV Frontier Digital Ventures Posts 1H Revenue On Fdv Ownership Basis Of A$9.8M, page-24
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Last
39.0¢ |
Change
0.010(2.63%) |
Mkt cap ! $169.0M |
Open | High | Low | Value | Volume |
38.0¢ | 39.0¢ | 38.0¢ | $34.68K | 89.33K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1277 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 51934 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1277 | 0.385 |
4 | 70754 | 0.380 |
1 | 10000 | 0.375 |
4 | 119000 | 0.370 |
8 | 88426 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 46081 | 2 |
0.395 | 14999 | 1 |
0.400 | 5850 | 2 |
0.405 | 63713 | 1 |
0.410 | 42243 | 3 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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FDV (ASX) Chart |