FDV frontier digital ventures limited

Ann: Quarterly Activity Report and Appendix 4C, page-8

  1. 6,853 Posts.
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    Fantastic results.

    Zameen in particular is showing some spectacular revenue growth (50%), and InfoCasas revenue up 130%!

    Cashflow was only $0.8m so the overall business is basically at breakeven and they have a solid balance sheet with about $55m in the bank, so they won't need any new capital in the near future and I would guess they may not ever.

    They just need to focus on continuing to grow the business and after a few solid quarters of growing profit, this will be re-rated big time.
 
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