In the interests of full disclosure, FDV made c300% return on that investment - they paid c$1.6m in 2017 and exited for closer to $4.7m in 2020, precisely because, FDV was concerned about mounting start-up losses (despite very strong revenue growth), and, given it was a funding round, their stake was to be diluted to c10% (from 20%).
Propzy accounted for over 50 per cent of the EBITDA loss in FDV’s fiscal results prior to its sale.“Despite Propzy’s strong revenue growth, we believe the sale of our shareholding represented an attractive opportunity to fast-track FDV’s pathway to achieving portfolio-wide profitability in 2020," he said.
I think caution is totally warranted in EM at the moment, given the macro backdrop, but management have executed pretty well to date. Your portfolio position should reflect that risk (i.e. small!).
NB. Companies in growth (investment) phases are rarely FCF positive!!!
In the interests of full disclosure, FDV made c300% return on...
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $97.58M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 9084 | 1 |
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| Last trade - 08.03am 19/06/2025 (20 minute delay) ? |
| FDV (ASX) Chart |
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