Got no problem will selling an asset well above book value.
It demonstrates the underlying true asset value of the business, and avoided a capital raising that would probably have been at a discount.
FRM is getting into interesting territory in terms of valuation, especially given NTA of 40+ cents per share (mostly backed by property).
Question is are they going to bleed cash for some time yet or are they able to turn this around?
There's not a lot of positive news in the report.
Everything seems to hinge on the success of the new "value add" strategy.
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Last
10.0¢ |
Change
0.006(6.38%) |
Mkt cap ! $14.38M |
Open | High | Low | Value | Volume |
9.5¢ | 10.0¢ | 9.5¢ | $20 | 197 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6663 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 32000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6663 | 0.100 |
1 | 89033 | 0.094 |
1 | 107312 | 0.093 |
1 | 153473 | 0.092 |
5 | 43343 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 32000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 12.29pm 29/07/2024 (20 minute delay) ? |
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