At the time of writing this letter to you the economic impact of the various measures being applied to deal with the COVID-19 disease was being felt all around the globe. Whilst this letter addresses Frontier Digital Venture’s last financial year, our portfolio companies are not, of course, immune against the economic impacts of the measures introduced to address the disease. As a result, Shaun and his team have been ensuring that portfolio companies realised the significance of the impact and that appropriate expense reductions and other measures were adopted in mitigation. We know that 2020 will be a challenging year for all of our portfolio companies. We will continue to assist them to weather the coronavirus economic storm, with the aim of achieving an even stronger market position when growth returns.
Regards,Anthony Klok Chairman
FDV Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
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