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18.0¢ first growth funds limited

In relation to your Metric question; metrics are pretty much of...

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yehmate

1,350 Posts.

17

10/10/18

08:15

Post #: 36061349
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Originally posted by YianniShares ↑

Was wanting to share my thoughts on the following, I am only 19 and still a student so my experience in investing is limited. One of my biggest concerns, and correct me if I am wrong, is FGF's dilution of shareholder equity, with just over 1.5 billion shares outstanding.

Presuming a suitable pricing metric to use is the NAV, in order for us to see NAV's of 0.20c per share (in the event there is no further dilution or buy backs), we would require around $312,000,000 of net assets.

$x/1.56B=0.20c per share (NAV)
x=$312,000,000 net assets

That's if NAV is a suitable metric to use, as we are quite rapidly diversifying away from being a traditional Listed Investment Company such as a W.A.M Capital or Micro.
Hopefully down the track there is a share buyback/repurchase by FGF to reduce the dilution, and provide us shareholders with that extra boost in NAV for the medium-long term.

If anyone is able to provide any feedback would be much appreciated!

Good Luck to all Holders, hope you all have a fantastic day.

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In relation to your Metric question; metrics are pretty much of no use in this end of the market.

A good tool would be to study the science of psychology.

Cheers

Last edited by yehmate: 10/10/18

FGF Price at posting: 1.6¢ Sentiment: Hold Disclosure: Not Held
4 Upvote

1 Great analysis

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