I am well aware of the group of companies and the various other listings. I agree that in some cases what you say is very true. Iq3 for instance just seems to raise capital for the other companies in the group and make money that way (sustainable? Unlikely). Having said that FFC is actually receiving revenue from external clients. As I said in a previous post their cash burn went from $1.1 m per quarter to $0.6 million per quarter as their revenue went up and start up costs went down. With that trend they could easily be cash flow positive in no time. So I don't agree at all that they will need to raise more capital. They are already performing far better than any other company in the group. But we will find out over the next few months as we get more info (no doubt via the quarterly cash flow as their other comms are somewhat lacking).
- Forums
- ASX - By Stock
- Ann: Appendix 4C - quarterly
I am well aware of the group of companies and the various other...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FFC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online