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.
Got no problem will selling an asset well above book value. It...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $26.09M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $1.469K | 12.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 110761 | 1 |
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| Last trade - 10.55am 18/09/2024 (20 minute delay) ? |
| FRM (ASX) Chart |