I admit not my finest hour.
my concern is that with the number of shares on offer and the current Market Capital already being at 135 Million, the actual valuation of FFG is currently overpriced. The numbers do not support anything near a $1 share price as stated by some.
The company is not generating any recurring revenue from the investments and the only ones that FFG share holders have any insight on performance are the ones that have IPO.
The BNPL investment is as great investment for the business - but don’t forget , the revenue it generates will need to be reinvested back into the business. Also the market they are in is now becoming very competitive in the region.
One thing to its advantage is the Peer to Peer investing opportunity for outside investors.
If FFG Changes from a seed to exit to one that receives a revenue, even if it was an annual one, that would actually change the dynamics of the share price.
$1 club, page-1382
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Last
1.7¢ |
Change
0.004(30.8%) |
Mkt cap ! $23.91M | |||
| 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 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FFG (ASX) Chart |