Its looking as stronger as yesterday. Smartfunding website is up and running. It got my confidence more stronger in it. Plenty of profit to make from both sides. TV and other marketing campaign is already started. They didn't mention the interest rate, I guess that will depend on risk factors.
In SEA interest rate is high for business and very hard to get money from banks.
On $1m loan from smartfunding, interest could be $250,000 for one year and commission 20% of that will be $45000 from the investor and $35000 (4% total disbursed funds and this fees will be upfront, wow! plus application fees 150sgd) from the borrower business.
Total $80150 (Approx)
Its like printing money for FFG
Looks like investor got that information earlier than others and soaking up all the shares from retail investors
Prediction for today:
Open .36
Low .355
High .59
Close .59
and $1 by Friday, $2 end of June with number of lending
Hold your shares tight, there will be up and downs. Swing trade will be risky if you can't get on time.
I suggest go to the website and see the potential. No free money here to the borrower for sure
$1 club, page-644
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Last
1.7¢ |
Change
0.004(30.8%) |
Mkt cap ! $25.31M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.9¢ | 1.3¢ | $1.018M | 59.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1331046 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 2058420 | 7 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FFG (ASX) Chart |