It was emphasised at the beginning of this thread it was appreciated if smothering and sometimes using sophistries to keep the price down so you can make another high profit which you boast about. Most others try and contain themselves for the concern of others who may not have been as fortunate.
I'm glad that you mention iCandy as the flagship after FFG as that is a success story of the seed to growth business model at work positively.
You talk about the company profit made by selling of subsidiaries and you don't know who they are. Well ring up and talk to the director you say you talk to. Selling a non-performing subsidiary is one of the benefits of seed to exit in this case. One of the benefits of controlling subsidiaries is that you are allowed a type of creative accounting of moving losses and gains around with non-performing subsidiaries. Nothing wrong there.
It is true some do not read reports in their entirety and jump to conclusions; but that is what trading is about, sorting things out from what is meaningless and what has growth prospects. You then treat Fatberry with disdain in a way, yet it is a seed to growth high potential e-insurance performer in progress. They are not concerned about the other 20 odd competitors they compete with, they just want to be the best and deserve to be congratulated for what they have achieved in a short time.
FFG’s Malaysia-based subsidiary grew monthly revenue by 180 per cent.Product
Tech venture firm FatFish Group (ASX:FFG) is building strong momentum across its global investment portfolio.
In its latest update, the company highlighted the recent performance of its Malaysia-based subsidiary Fatberry.com, a direct-to-consumer online insurance marketplace.
Through partnerships with 11 different Malaysian insurance providers, the Fatberry.com comparison website offers a platform for customers to easily compare and customise products online.
FFG holds a 53.4 per cent stake in Fatberry through its majority shareholding in Abelco, an investment firm listed on the Stockholm Stock Exchange.
The Fatberry.com site officially launched in July 2020 after a two-year development phase, and immediately hit the ground running.
Since the middle of last year, the company has averaged month-on-month revenue growth of around 100 per cent.
And that trend has accelerated into the new year, with January revenue figures having already almost tripled the December figure.
For the month of December, Fatberry.com booked revenues of RM209,284 (~$67,000).
Extrapolated through January, it leaves the business on track for monthly sales of well over $150,000.
Strong Result
Commenting on the strong result, FFG said the platform was benefiting from the tailwind of changing trends in the wake of the COVID-19 pandemic.
In particular, enforced lockdowns have “accelerated digital consumer behaviour”, the company said.
FFG said Fatberry is focused on a target market heavily skewed towards millennial consumers who are both price-aware and digitally savyy.
The millennial demographic also represents an attractive market for insurance companies, given they have a “much longer lifetime value of consumerism”, the company said.
Markets reacted positively to FFG’s revenue update, sending the shares up another 12 per cent in Monday trade.
Not a bad excerpt from *.
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Minerium:- You won't get an argument from me there as I've always said that if the business model is working the subsidiary should be IPO listed and lodged on a transparent Stock exchange where we can review financials through all the financial life of the company and have please explains if something is questionble. That way we can see cash flows and assets/expenses and so forth to assist in making good judgements.We at present do not know the full story on Minerium.com to evaluate correctly. Two years ago moves were made to list on London Stock Exchange but was withdrawn after a big fall in Bitcoin in 2018 I think.This is not to say it doesn't have a value, we just can't verify it. We have read that Paypal for instance is interested in getting Blockchain experience and expertise.
SmartFunding:- All BNPL firms are long term but this again is all based on growth. If the company reaches projected targets it would go up in stages, stay around the low SP rannge we are looking at now. That is why it is important to encourage successful subsidiaries like Fatberry at success targets they reach because they are proud of their achievements. The staff there read Hotcopper and any reports that come out. Overseas staff like to hear positiveness as anyone with business development experience knows.
If we walk with these companies and get the groups solid support. Fatberry, SmartFunding and hopefully Minerium.com will be highly successful.
With respect Raggertooth, it's not what you say but how you say it. If you have knowledge you should educate, not reprimand.
oodf luck all.
FFG Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
(20min delay)