FGF 0.00% 18.0¢ first growth funds limited

Ann: FGF Shareholder Update, page-20

  1. 4,679 Posts.
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    It still gets to me that the company is trading our money.....claiming when they sell a stock that they have revenue....yet overall their trading costs are HIGHER  than their sales . This means
    1) they are losing money overall.  
    or 2)
    some of their purchases are still , as yet , not sold, and revenue/profits unrealized.

    If 2) is correct then there should be something (which I did not see) on their balance sheet indicating some assets....and their present worth. Perhaps, not being an accountant, I missed these.
    If so please point these assets (trading assets) out ...thanks

    But as I see it they have someone in charge who is not doing very well at trading,....as that was the Largest LOSS on the balance sheet. Glad I don't have much invested in this company....But at present....the market is not indicating much faith


    Last edited by rae915: 15/02/19
 
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Currently unlisted public company.

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