I picked up a another little parcel of FDV following the sell off.
Looking a bit closer at the figures, interestingly our next biggest revenue generator Encuentra24 appears not too far off being EBITDA positive. At the moment it's cash-flow negative to the tune of about 200K per annum but I expect this number to drop with the addition of the new executives focused on sales, growth and monetization. If we can get this one positive next year then we are looking at our two biggest revenue generators being cashflow positive.
In summary Zameen seems to be looking after itself with the right people in charge, next focus should be our second biggest investment Encuentra24.
FDV Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held
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