interesting perspective & i think potentially brilliant!
let's see if ICI's largest SH is potentially undervalued; here's some calcs & DD i've previously done on FFG:
1) FFG owns ~35% of ICI which makes the holding worth $19.34M, given that ICI's MC @ 9.5¢ currently is $55.27M
2) FFG's MC @ current SP of 5.5¢ is $54.91M:
3) therefore FFG's other holdings are being valued by the market @ $35.57M (54.91 - 19.34)
4) FFG recently raised $8M cash (@ 7¢) meaning FFG's other holdings (non-cash) are currently being valued by the market @ $27.57M
(35.57 - 8)
5) FFG's other holdings include:
Forever Pay (100% owned by FFG)
Smartfunding (89.4% owned by FFG)
Pay Direct (55% owned by FFG) - processes $32 million in monthly transactions.
iHarap (100% owned by FFG)
Fatberry (61% owned by FFG) - "logging an average 478% QoQ growth rate"
Abelco (50.1% owned by FFG) - has investments in 21 companies.
PaySlowSlow (100% owned by FFG)
& many more...
6) according to FFG's recent half-yearly (which was prior to the $8M CR) shows total assets stood @ $20.46M:
7) FFG has recently stated that multiple of their recent investments are experiencing exponential growth, such as Fatberry: "The September monthly gross sales were $905,932, representing 37.42% growth over the previous month of August" & "year-to-date gross sales stand at around $4.76M" , & PaySlowSlow signed up 87 new merchants in two weeks.
8) i think FFG is extremely undervalued @ $27.57M (which excludes iCandy & cash holdings)
thanks @budobank, & i'm interested in how others see this...
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Last
2.5¢ |
Change
0.001(4.17%) |
Mkt cap ! $33.62M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.5¢ | $3.929K | 157.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 125071 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 170883 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 125071 | 0.023 |
3 | 937841 | 0.022 |
7 | 1106582 | 0.021 |
7 | 1082644 | 0.020 |
5 | 740000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 170883 | 1 |
0.025 | 37603 | 1 |
0.026 | 38423 | 1 |
0.027 | 329032 | 1 |
0.028 | 35607 | 1 |
Last trade - 11.03am 12/09/2024 (20 minute delay) ? |
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