FFG 10.0% 0.9¢ fatfish group limited

Ann: FFG to Position Fintech Holding Company for Expansion, page-29

  1. 1,914 Posts.
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    i don't think FFG has any business in China? Malaysia, Singapore, Philippines, Thailand etc yes, but that's SE Asia, not China.

    i think the problem is net assets & revenue haven't grown as much as SH forecasted while investments, costs & expenses have grown disproportionately high:

    MC of FFG is currently $42M while the co's net assets are currently less than $20M; considering Abelco/iCandy's current worth recently dropped a lot, & total investments were at 31 December 21 worth just $14.6M:

    https://hotcopper.com.au/data/attachments/4156/4156536-e67ca5fafba846bdc0ae9bc7bfe307f5.jpg

    maybe therefore FFG is still +100% overvalued; i hope not! & that the recent AFG pass-the-parcel unlocks value soon!
 
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