After raising more than $220M based on the false premise that what worked in Australia would be also profitable in developing countries management is now proudly announcing a record breaking $100k of FCF this quarter!
LATAM the new jewel of the crown (RIP Zameen and the EMPG IPO) is now growing at the tremendous pace of <3% per quarter (with the help of a weak AUD)! (Q2'23 1,144,998 - Q3'23 1,178,272)
It was definitely worth diluting shareholders to acquire those golden geese...
I understand that most retail investors hold FDV like a lottery ticket. But in an environment where you get 5% on term deposit, 8% on corporate bonds and 10% yield on REITs you can get rich slowly or become poorer in a hurry.
FDV Price at posting:
37.5¢ Sentiment: Sell Disclosure: Not Held
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