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3.85%

40.5¢ frontier digital ventures limited

Ann: Quarterly Activity Report, page-28

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Eire2011

3,028 Posts.

1849

17/05/22

16:42

Post #: 61458369
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Originally posted by hfrench: ↑

Curious to know what you think would cause them to do a cap raise?

As of 31st March they had $48m cash, enough to keep them going for 5 years at the current burn rate. They indicated temporary higher costs as they implement the "transaction model" on a couple of businesses. We saw during 2020 that they had the ability to scale back costs without any long term damage so in the event of a downturn they could still eke it out a while.

At its current market cap the company is worth about 4.5x revenue, which only a few months ago would have been unheard of. So also hard to see them raising to acquire something, unless the target is substantially better value than FDV itself - which seems unlikely.

Not to say it won't ever happen, just hard to imagine under present conditions.

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100% and some sense being brought to the forum.

FDV Price at posting: 97.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 40.5¢		Change 0.015(3.85%)		Mkt cap ! $175.5M

Open	High	Low	Value	Volume
39.0¢	40.5¢	38.5¢	$19.98K	50.72K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	39.5¢

Sellers (Offers)

Price($)	Vol.	No.
40.5¢	14999	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.395
2	15213	0.390
1	10000	0.385
2	100000	0.380
2	17500	0.375

Price($)	Vol.	No.
0.405	14999	1
0.410	6369	1
0.425	12355	1
0.460	3289	1
0.465	18038	1

Last trade - 16.10pm 06/11/2024 (20 minute delay)

FDV (ASX) Chart